Founded in 2008, the firm connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and invests in high-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC). Almaz Capital has invested in over 30 portfolio companies, had nine exits to date, and has shifted its focus from the CIS to the CEE region. The firm has invested over $50m in over 15 companies with Ukrainian founders or teams, and remains committed to supporting Ukraine-based startups despite the ongoing war.