Ukrainian AI startup Beholder has won the Cleantech Capital Day pitching competition organized by Beamline Breakthrough, securing a €100,000 investment from Estonian accelerator Beamline and Lithuanian investment firm BSV Ventures, according to Beamline.

About Beholder

• Beholder was founded in 2021 by Ukrainians Andrey Sevryukov, Serhii Lubkin, and Daniil Lubkin. The company is building a platform that uses AI to assist in mineral exploration. Its proprietary neural networks analyze satellite imagery, radar data, and gravimetry to estimate the likelihood of mineral deposits. Beholder is registered in Estonia.
• The startup received its first investment of €150,000 in 2021. In 2024, Beholder won the final pitch competition at the Latitude59 startup conference in Tallinn, earning a major €600,000 pre-seed investment. The company has also attracted $940,000 in funding from the European investment firm InnoEnergy.

About the investors

• Beamline is a Tallinn-based accelerator focused on cleantech technologies. It typically invests €60,000 in early-stage startups — €25,000 of which is allocated to business development services — with the potential for a direct follow-on investment of up to €100,000.
• BSV Ventures (formerly Baltic Sandbox Ventures) is a Vilnius-based investment firm that backs research- and development-driven startups at the seed and pre-seed stages.