Both companies were built by brothers Chris and Mike Sharkey, who previously co-founded Australian holiday rental site Stayz. Financial terms were not disclosed. Canva will preview what it calls the biggest transformation in its history at Canva Create on 16 April. Canva has acquired two companies simultaneously: Simtheory, an agentic AI collaboration platform, and Ortto, […]

In short: Volkswagen’s autonomous mobility subsidiary MOIA America and Uber have begun on-road testing in Los Angeles with roughly 10 autonomous ID. Buzz vehicles, the opening phase of a deployment that is scheduled to offer commercial rides with human safety operators by the end of 2026, and fully driverless service in 2027. Los Angeles is the […]

In short: Meta has released Muse Spark, the first model from Meta Superintelligence Labs, the unit it assembled under Alexandr Wang after spending $14.3 billion to acquire a stake in Scale AI. Rebuilt from scratch over nine months, the model is natively multimodal, introduces a “Contemplating” reasoning mode that runs sub-agents in parallel, and is now […]

In short: Atlassian is rolling out Remix, a visual AI tool in open beta that transforms Confluence pages into charts, infographics, and scorecards without requiring users to open another application, alongside three partner agents built on the Model Context Protocol that will carry Confluence content directly into Lovable, Replit, and Gamma from April 13. The announcement […]

Verne, the autonomous mobility company spun out of Croatian hypercar maker Rimac, launched commercial robotaxi rides in Zagreb on 8 April alongside Pony.ai and Uber. The vehicles operate with safety operators onboard for now. Waymo is targeting London for Q4 2026. Verne, the autonomous mobility company spun out of Croatian electric hypercar maker Rimac Group, […]

In short: Anthropic has built a version of Claude capable of autonomously finding and exploiting zero-day vulnerabilities in production software, breaking out of its containment sandbox during internal testing, and emailing a researcher to confirm it had done so. The company has decided not to release it publicly. Access to Claude Mythos Preview will instead be […]

In short: Intel has signed on as the primary foundry partner for Elon Musk’s Terafab, a $25 billion joint venture between Tesla, SpaceX, and xAI targeting a terawatt of AI compute per year, handing the struggling chip giant the marquee customer it has been searching for since pivoting to a foundry-first strategy. On 7 April 2026, […]

There is a particular kind of frustration that comes from feeding an AI tool the same context your team spent three days assembling on a whiteboard. You copy the sticky notes into a prompt, paste the diagram description, try to explain the relationships between ideas that were obvious when they were spatially arranged on a […]

European tech activity in March 2026 eased slightly compared to February, while overall market conditions remained stable.

The ecosystem recorded 292 funding deals and €7.5 billion raised, down marginally from 296 deals and €7.8 billion in February, reflecting declines of 1.4 per cent and 3.8 per cent respectively.

At the country level, a more significant shift was observed. UK funding fell to €2.6 billion from €3.8 billion in February, a 31.6 per cent decrease, indicating lower capital concentration month-on-month.

Sector trends also evolved, with AI leading in March at €1.8 billion, compared to transportation in February at €1.5 billion, signalling a rotation of capital toward artificial intelligence and related technologies.

Tech.eu’s Cate Lawrence commented on the March numbers within the European tech investment landscape in our March Tech.eu Pulse, a compact version of the monthly report:

European tech in March 2026 looked less like a market pulling back and more like one settling into a new rhythm. AI (albeit ubiquitous across sectors) attracted €1.8 billion and is overtaking other sectors as the primary destination for capital. At the same time, large rounds continue to account for a disproportionate share of total funding, pointing to sustained conviction in companies building core infrastructure, from compute to platforms that underpin entire industries.

There are also some notable geographic shifts. The UK remains the dominant market despite a sharp drop in funding, while France, Sweden, Germany, and the Netherlands continue to form the backbone of European dealmaking.

Beyond these, a broader mix of countries is starting to appear more consistently, suggesting the ecosystem is widening rather than further concentrating.

For her more detailed review and more in-depth analyses of the European tech ecosystem, including industry and country performance, exit activities, and more, check out our March report.

Here are the 10 largest tech deals in Europe from March, accounting for 62.7 per cent of the month’s total funding.

Amount raised: $2B Nscale is a London-based AI infrastructure company that builds and operates vertically integrated GPU cloud platforms, combining data centres, high-performance computing, and software to enable large-scale AI model development, training, and deployment. It provides enterprises and governments with scalable, energy-efficient compute capacity and end-to-end tools designed to support the growing demands of advanced AI systems. In March, Nscale raised $2 billion in a Series C funding round, valuing the company at $14.6 billion.

Amount raised: $1B AMI (Advanced Machine Intelligence) is a frontier AI research lab developing a new class of systems that understand and interact with the real world. It focuses on building “world models”, AI that can reason, plan, and operate safely across complex physical environments, with applications in areas such as robotics, healthcare, and industrial systems. Founded by a global team of leading researchers and engineers, the company aims to advance reliable, controllable AI and enable real-world intelligence beyond traditional language-based models. AMI raised more than $1 billion in what it describes as Europe’s largest-ever seed funding round.

Amount raised: $830M Mistral AI is a Paris-based AI company founded in 2023 that develops high-performance, open-weight large language models and enterprise AI systems, enabling organisations to build, customise, and deploy advanced generative AI and autonomous agents. The company focuses on combining strong model performance with openness and efficiency, offering scalable AI solutions for both developers and large enterprises. Mistral secured $830 million in debt financing to acquire Nvidia chips for its initial data centre.

Amount raised: $550M Legora is a Sweden-based legal AI company developing a collaborative workspace that helps lawyers automate tasks such as document review, research, and drafting, integrating both public and proprietary data to streamline legal workflows and improve productivity. The platform is designed to support legal professionals across law firms and in-house teams, enhancing efficiency while maintaining accuracy and control over complex legal processes. Legora raised $550 million in Series D at a $5.55 billion valuation to accelerate US expansion.

Amount raised: $225M Kandou is a fabless semiconductor company that develops high-speed, energy-efficient chip-to-chip connectivity solutions used in advanced computing and data infrastructure. Its technology focuses on enabling scalable, cost-efficient AI and data centre systems by improving how processors, memory, and networks communicate, helping reduce power consumption while increasing performance. Kandou AI closed a $225 million Series A round to break memory bottlenecks in AI.

Amount raised: €180M PLD Space is an aerospace company that designs, manufactures, and operates reusable rockets to provide reliable and cost-effective launch services for small satellites. Founded in 2011, the company develops its MIURA family of launch vehicles to enable flexible access to space, positioning itself as a key player in Europe’s emerging commercial space sector. PLD Space raised €180 million in Series C equity funding to scale satellite launch infrastructure.

Amount raised: $170M 9fin is a fintech company that provides an AI-powered data and analytics platform for debt capital markets, combining real-time news, financial data, and predictive insights to help credit professionals analyse deals and make faster, more informed decisions. The platform is used by investment banks, asset managers, and law firms to streamline workflows and improve transparency across leveraged finance and credit markets. 9fin raised $170 million, reaching a $1.3 billion valuation.

Amount raised: $150M Wonderful is an enterprise AI agent platform that enables organisations to build, deploy, and manage AI agents across customer-facing and internal workflows, helping integrate AI directly into core business operations. The platform provides a unified infrastructure for creating, monitoring, and optimising agents at scale, supporting complex, multilingual, and compliance-driven environments across global markets. Wonderful received a $150 million in a Series B funding round, reaching a valuation of $2 billion.

Amount raised: €113.8M Iron Fuel Technology (developed by RIFT) is a cleantech energy solution that uses iron powder as a circular, carbon-free fuel to generate high-temperature heat for industrial processes and district heating. The system works like a rechargeable energy carrier: iron powder is burned to produce heat without CO₂ emissions, leaving iron oxide that is then regenerated using hydrogen and reused, enabling a closed-loop, scalable alternative to fossil fuels. RIFT has secured €113.8 million in combined financing (Series B and EU grant) to advance its Iron Fuel Technology from pilot projects to commercial deployment and to develop its first commercial production facility.

Amount raised: $125M Upvest is a fintech infrastructure company that provides banks, brokers, and fintechs with a unified, API-based platform to build and scale investment products, including trading, custody, and back-office services. Its technology enables businesses to offer seamless, cross-border investment experiences, such as stock and ETF trading, savings plans, and fractional investing, while handling the underlying regulatory and operational complexity. Upvest secured a $125 million financing round to support the modernisation of legacy banking systems across Europe and the UK.

The new facility in Lahti is part of TikTok’s €12 billion Project Clover data sovereignty push for European users. Finland’s defence ministry approved the first data centre investment in 2024 without informing elected politicians. A former minister publicly called for the project to be reconsidered. TikTok is investing €1 billion ($1.16 billion) to build a […]

PM Kyriakos Mitsotakis announced the ban in a TikTok video on Wednesday. It takes effect on 1 January 2027. Enforcement will rely on a state-mandated app on every device. Around 80% of Greeks support the measure, according to a February poll. Greece has announced it will ban children under 15 from accessing social media platforms, […]

In short: A former Meta engineer in London is under criminal investigation after allegedly building a program to extract around 30,000 private Facebook photos while bypassing the platform’s security checks, the latest in a series of privacy and security failures to emerge from the company over the past four years. Meta’s internal security systems are designed […]

Verne today announced the launch of Europe’s first commercial robotaxi service, starting in Zagreb, Croatia.

Beginning today, members of the public can now book and pay for a Pony.ai-powered autonomous ride through the Verne app.

The service will soon also be available through the Uber app, following a recently announced strategic partnership between the three companies.

The commercial service is the result of several years of development and close collaboration with regulators, positioning Verne among the leaders of autonomous mobility in Europe.

“For the first time in Europe, there is a real commercial robotaxi service. People can use it and take real autonomous rides,” said Marko Pejković, co-founder and CEO of Verne.

“We said we would launch in Zagreb in 2026. Today, we did. This is just the start.”

Start of service in Zagreb

The initial commercial deployment will use electric vehicles equipped with Pony.ai’s seventh-generation autonomous driving system.

These vehicles ​will ​operate autonomously, with trained autonomous vehicle operators onboard during the early phase of the rollout.

The initial service zone covers key districts of the Croatian capital, with plans to expand coverage across the city.

The companies aim to transition to fully driverless operations as soon as possible, subject to regulatory approvals and the service meeting the required safety and reliability standards.

From Zagreb and beyond

Verne has begun permitting discussions with 11 cities across the EU, UK, and the Middle East, with more than 30 additional cities currently under consideration.

Verne​​ ​​ will also eventually deploy the company’s purpose-built autonomous vehicle, a two-seat robotaxi designed specifically for driverless ride-hailing.

From EasyMile to Einride, and now Verne: Europe’s autonomy stack evolves

Verne marks a shift from earlier paths to vehicle autonomy in Europe. Until now, one of the region’s most prominent players has been the French company EasyMile, which was the first to offer a fully driverless L4 autonomous shuttle, the 12-seater EZ10, across locations such as business parks, campuses, and commercial roads. EasyMile operates throughout Europe, including autonomous shuttles operational on public roads in Bad Birnbach, Monheim am Rhein, and Munich in Germany, as well as Toulouse, France.

Earlier this year, the company announced a strategic pivot to heavy-duty applications for airports and industrial sites. The company is focusing on software licences for these markets, where it considers autonomy is commercially viable today, with growing deployments and a clear path to scale for heavy-duty vehicles that transport parts, goods, baggage, cargo etc. on airports and industrial sites.

In parallel, German autonomous trucking company Fernride develops human-supervised autonomous trucking systems used in container terminals, industrial yards and defence logistics, retrofitting existing vehicles with AI, sensors and software to automate repetitive transport tasks. Its technology has already been deployed in real-world operations and, in 2025, it became the first company to receive TÜV approval for autonomous trucks in Europe.

The company was acquired by Quantum Systems in late 2025 as part of a broader push to build a multi-domain autonomy stack spanning air and ground systems.

Meanwhile, Swedish-founded Einride deploys electric fleets and its driverless “Pod” vehicles, which can operate autonomously or be remotely controlled by human operators when needed. Alongside its hardware, the company runs a digital platform that plans routes, manages charging, and optimises deliveries, positioning itself less as a truck manufacturer and more as a software-driven freight operator. Already working with companies like Maersk and Oatly, Einride is part of a broader shift toward cleaner, more automated, and data-driven supply chains.

In September last year, Einride completed the first successful European cross-border operation of a cableless electric autonomous vehicle without a human driver onboard.

Against these efforts, in January, US company Waymo announced its intention to launch a fully driverless ride-hailing service in London by the fourth quarter of 2026. The company will soon begin conducting extensive trials of Waymo’s technology as part of our mapping and safety validation work across select boroughs in London. Testing hours typically run 24 hours a day, 7 days a week, to ensure its technology can safely handle all of London’s road conditions.

Teledriving as an alternative path

In commercial passenger transport, Estonia’s Elmo and Germany-founded Vay pioneered a different approach to vehicle automation, using teledriving to bring vehicles to users before switching to manual control for the trip itself.

Using an app, users can request the delivery of an electric vehicle to their location. After the car arrives, the user takes over and drives it like a regular car. 

At the end of the trip, the user ends the rental in the app, exits the car, and a remote driver takes over, eliminating the time-consuming search for parking. 

Combined, these approaches highlight a fragmented but interconnected approach to vehicle automation in European mobility, which straddles controlled environments and industrial use cases against complex urban settings.

The London startup emerged from stealth on 7 April with a layered agentic security solution and a seed round backed by LocalGlobe and Cambridge Innovation Capital. Its co-founders include a Cambridge professor who was previously Amazon’s director of machine learning. Trent AI, a London-based agentic security company, has raised $13 million in a seed round […]

In short: Uber has expanded its AWS contract to run real-time ride-matching infrastructure on Amazon’s Graviton4 processor and is piloting AI model training on Trainium3, joining Anthropic, OpenAI, and Apple on a customer list that is becoming the clearest evidence yet that Amazon’s custom silicon strategy is working. Uber’s infrastructure runs on milliseconds. Every time a […]

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