South Central Ventures added another company to its portfolio in Montenegro. Uhura Solutions is a London and Podgorica-based contract intelligence platform, that has raised €400k in seed funding to accelerate its growth. South Central Ventures joined existing investors Barclays and Techstars.
The company has developed an AI solution that reads and understands contracts and agreements in a human-like way to speed up the review and decision-making process in financial institutions. It offers automation capabilities and can shorten document processing time from hours to minutes. Contract review is what takes the most time and diligence in business. By automating this task, Uhura ensures that teams, whether big or small, can have a clear understanding of their documents and focus on business knowing their contracts are vetted.
Uhura was founded in 2018 by Djuro Stojanovic, Bojan Tesic, Blazo Crvenica and Mladen Markovic, a team of Montenegrin entrepreneurs with deep technical and domain knowledge. “For years, we worked in different international corporations, including banks, and kept saying that the way documents are processed is completely out of touch, not only from the customer’s point of view, but also from an internal perspective,“ said Stojanovic, Uhura CEO and co-founder. “That’s when we decided to do something about it.“
A graduate of the 2018 Barclays Accelerator powered by Techstars in Tel Aviv, the company is focusing on replacing the manual parts of processing with automated AI and from there, showing companies and financial institutions how much, it speeds up the whole process, not only of reviewing documents, but also for making faster, more informed decisions. The company plans to use the funds to improve its technology and expand its presence in the financial and enterprise sectors.
“Having a seasoned team working on Uhura is a step in the right direction. With the investment we aim to leapfrog the company into the corporate world and solve the age-old problem of reviewing contracts at a snail’s pace and the errors that go with it,“ said Vuk Djukic, Principal, South Central Ventures.
Automated systems and bots now generate more than half of internet traffic, forcing hosting companies to manage performance, security, and infrastructure costs at the same time. Ivan Čačija argues that business users are no longer buying only storage and computing resources, but the availability and performance of their own operations. AI will reshape both data-centre management and infrastructure requirements, while regional providers can compete through local presence, predictable costs and hybrid models. Fastserver sees its partnership with Blackwall as part of a broader shift towards an integrated platform combining infrastructure, security, traffic protection and automation.
The President of the European Commission, Ursula von der Leyen, has unveiled comprehensive plans to restrict children’s access to social media platforms through the proposed EU Kids Act.
Ericsson Nikola Tesla no longer views artificial intelligence solely as a tool that helps developers write code, but as part of the entire software development lifecycle. At the upcoming ENT Technology Days, taking place from 21 to 25 September, artificial intelligence will also be among the central topics.
Siniša Krajnović, PhD, President of the Management Board of ENT, sees the transformation brought about by artificial intelligence through products, internal processes, and changes in the way work itself is performed, while Jelena Jurišić, Director of Technology of the ENT Group (CTO), explains how specialized AI agents are now part of analysis, design, implementation, testing, and verification. In such a model, autonomy increases gradually, with quality control and human decision-making at critical points. At the same time, the change does not diminish the importance of engineers, but increasingly shifts their role toward architecture, domain understanding, and the management of complex automated systems.
