Israel’s Similarweb, one of the leading digital intelligence companies that carried out an IPO on the New York Stock Exchange in May this year, announced the opening of two new European offices in Kyiv (Ukraine) and Munich (Germany).

“Similarweb’s Kyiv office will employ over 50 R&D and IT professionals, and this number is expected to triple in the next two years”, the company said on its website.

According to the report, the Kyiv office will serve as a technical center, employing a highly skilled workforce in Ukraine, and is intended to be an important part of Similarweb’s global success.

The Munich office will carry out mainly commercial, marketing and technical functions, in particular, among the company’s clients there are already a number of leading German brands, including Adidas and DHL.

Similarweb, headquartered in Tel Aviv, clarifies that it has increased its headcount in all 13 global offices this year and plans to continue its rapid global expansion in the new year.

At the IPO in May of this year, the company was valued at $ 1.6 billion. Its revenue for the nine months of this year amounted to $ 97.52 million, an increase of 45.9% over the same period in 2020, and net losses tripled to $ 45.17 million. Free funds of the company by the end of the third quarter amounted to $ 159.1 million.

Similarweb, founded in 2007 by Or Offer in Tel Aviv (Israel), provides monitors websites, mobile apps, analytics and digital data to customers. According to its website, the number of its staff exceeds 800 people.