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Ukraine is opening partner access to train AI models using real battlefield data — the first initiative of its kind in the world.
According to Mykhailo Fedorov, the Minister of Defence of Ukraine, the government has approved a resolution launching a new framework for cooperation between the state, Ukrainian companies, and international partners.
For startups, the initiative opens the opportunity to develop and validate defence AI systems using real-world operational data rather than simulated environments.
Early-stage companies working on autonomous drones, computer vision, electronic warfare resilience, and battlefield decision-support tools will be able to train and refine algorithms on large-scale, continuously updated datasets generated during active operations.
Access to this type of data — typically restricted or unavailable outside military programmes — could significantly shorten development cycles and improve model performance in real-world conditions.
It also positions Ukraine as a unique, if involuntary, testbed for defence-tech innovation, creating potential pathways for startups to collaborate directly with government agencies, integrate their technologies into operational systems, and accelerate the commercialisation of next-generation autonomous defence platforms.
Fedorov asserts:
“In modern warfare, we must outperform Russia in every technological cycle. AI is one of the key arenas of this competition.
The future of warfare belongs to autonomous systems. Our objective is to increase the level of autonomy in drones and other combat platforms so they can detect targets faster, analyse battlefield conditions, and support real-time decision-making.”
High-quality data for training neural networks is critical, and the Ministry of Defence has established a dedicated AI platform at the Centre for Innovation and Development of Defence Technologies.
The platform enables partners to: Securely train models without direct access to sensitive databases; Work with large volumes of labelled photo and video data; Use datasets that are continuously updated.
Ukraine currently possesses a unique body of battlefield data unmatched anywhere in the world. This includes millions of annotated frames collected during tens of thousands of combat drone missions. These datasets are already used to train neural networks that automatically detect ground and aerial targets within the DELTA system.
International partners and Ukrainian companies have expressed strong demand for precisely this type of data to develop and modernise defence technologies.
For Ukraine, this initiative represents the next stage of a win-win partnership model. Partners gain the opportunity to train their AI models on real data from modern warfare, while Ukraine accelerates the development of autonomous systems and delivers new technological capabilities to the front line.
Fedorov asserts:
“We are ready to work with partners on joint analytics, model training, and the development of new technological solutions.”
Founded in 2024, Black Forest Systems develops vertically integrated unmanned systems and tactical drone platforms for infantry and Special Operations Forces operating in forward positions.
Their solutions combine proprietary electronics, secure communications, and control software into vertically integrated platforms that prioritise simplicity, safety, and rapid deployment. The systems are designed so that even soldiers without drone piloting experience can operate them effectively after minimal training.
“Our mission is to shift complexity from the operator to the technology itself,” says Oleksandr Davydenko, CEO of BFS.
“We build systems that simplify decision-making and give every infantryman access to advanced unmanned capabilities.”
The company’s flagship system, SHADOX, is a compact reconnaissance platform designed for rapid deployment and effective close-range operations. Its protected propeller design enables safe use inside buildings and trenches.
The system features self-stabilisation and does not require FPV piloting skills, allowing operators to become proficient with less than 30 minutes of training. It comes with a proprietary remote control unit and uses encrypted, low-profile communications designed to function in electronic warfare (EW)-contested environments.
Unlike traditional FPV systems that rely on specialised external operators, Black Forest Systems focuses on delivering autonomous capability directly to infantry units. By reducing cognitive load and simplifying deployment, the platform allows soldiers to operate advanced drone systems without requiring extensive piloting expertise.
A key differentiator is the company’s vertically integrated approach, where both hardware and software are developed in-house. This provides full control over performance, security, supply chain resilience, and long-term scalability into broader unmanned and robotic architectures.
“Drone technology has fundamentally changed how modern conflicts are fought. Black Forest Systems represents a new generation of infantry- and special forces-adapted systems where autonomy, simplicity, and rapid deployment are central. We see strong structural growth drivers in this segment,” says Jonas Malmgren, CEO, Front Ventures.
“We invest in technologies that build long-term strategic capability. Black Forest Systems is not merely developing a drone platform — it is building a technological foundation in autonomy, electronics, and secure communications that can scale across multiple unmanned applications. We view this as a strategically important step in strengthening European defence technology capacity,” says Patrik Olson, CEO, Hede Capital Partners.
The investment strengthens Front Ventures’ and Hede Capital’s exposure to defence technology and autonomous systems, a sector characterised by structural growth, accelerating innovation cycles, and increasing geopolitical importance.
According to Alex Winter, CTO, Black Forest Systems, the round will allow the company to industrialise SHADOX — from engineering refinement to production readiness and structured military deployment.
“Together with investors Front Ventures’and Hede Capital Partners, we are building the scale and structural foundation required for a long-term defence technology platform.”
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Gumloop lands $50M from Benchmark to turn every employee into an AI agent builder
PerpTools, an on-chain perpetual futures
trading platform, has been introduced by the creators of DEXTools, an analytics
suite for decentralised exchanges. The platform was developed following a $3
million seed funding round led by DEXForce and Orderly and is built on the
Orderly liquidity layer. PerpTools is integrated directly within the DEXTools
environment, allowing users to access perpetual futures trading without needing
additional tools or separate accounts.
According to the company, the DEXTools
platform has more than 30 million active users. Through the integration of
PerpTools, these users will be able to trade perpetual futures within the same
interface, without switching services. The addition expands the DEXTools
ecosystem, which already includes analytics tools, AI-driven features, and
prediction markets, and now adds perpetual trading functionality.
The company tracks activity across the
platform using internal analytics tools, monitoring indicators such as active
traders, connected wallets, executed trades, API calls, and strategy usage.
We built DEXTools to give traders
unparalleled insight into on-chain data and activity. With PerpTools, we’re
extending that mission to the futures market, delivering a secure,
community-driven, and seamless experience for all users.
Built by the DEXTools team, PerpTools
extends an ecosystem already widely used by traders in decentralised finance.
By combining analytics tools with the liquidity infrastructure provided by
Orderly, the platform is intended to broaden the range of trading services
available within the DEXTools environment and support the development of
decentralised derivatives markets.
Rather than operating as a standalone
on-chain protocol, PerpTools functions as a tooling and infrastructure layer.
Running on the Orderly liquidity network, the platform provides access to
shared liquidity and on-chain transparency while enabling trading through
integrated tools.
Future development plans include the
introduction of advanced analytics and automated trading strategies connected
to the upcoming PERP token, which is intended to support incentives, rewards,
and governance functions.
12/03/2026 02:11 PM
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12/03/2026 01:06 PM
Kodree raises $10M in user acquisition financing to expand AI-powered edtech platform globally
Kyiv B2C edtech platform Kodree has secured $10 million in user acquisition financing (UA) from financial services firm PvX Partners.
Kodree is the first product from Rist Labs, a co-founding studio launched by the founders of Ukrainian edtech company Mate academy – Roman Apostol, Anna Apostol and Max Lysak – focused on building AI-powered B2C products for Tier-1 global markets.
A subscription-based edtech platform, Kodree provides structured learning paths supported by an AI assistant that suggests solutions and provides feedback, alongside a community-driven learning experience designed to build skills through hands-on exercises, real-world projects and group collaboration.
With users in 185 countries, the platform helps those looking to make a career switch to develop in-demand skills for new opportunities, while also supporting professionals seeking to upskill and perform better in their current roles.
Led by Kodree CEO and former Mate Academy Head of Product Oleksandr Bartosiuk, the platform operates as a separate company with its own P&L.
“About 80 per cent of the learning process in Kodree is hands-on practice. The AI assistant helps users move faster by suggesting solutions, checking answers, and providing feedback along the way. We don’t believe in passive learning through watching YouTube videos — it creates an illusion of knowledge but doesn’t build real skills,” Bartosiuk said.
Kodree’s parent company, Mate academy, is an established edtech company in the Ukrainian tech ecosystem known for its AI-powered learning platform that helps users develop skills for both technical and non-technical roles and build careers in IT and beyond. The company operates across multiple markets and is supported by a robust product and engineering team.
According to Mate academy co-founder Max Lysak, launching Rist Labs is a natural extension of the team’s internal product experiments.
“At Mate academy, we’ve constantly experimented with new product ideas. Over time, this evolved into a dedicated R&D direction. Rist Labs gives us a way to systematically build new global products,” Lysak said.
The company will use the credit facility to scale marketing efforts and accelerate global user acquisition. PvX is a financial services platform specialising in cohort financing and market intelligence for consumer applications. Backed by General Catalyst, PvX provides businesses with non-dilutive, scalable capital.
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Meet the Pitch Competition finalists of the EU-Startups Summit 2026!
On May 7-8, Malta will once again transform into the heart of European innovation as we host this year’s edition of the EU-Startups Summit. Bringing together around 2,500 founders, startup enthusiasts, investors, corporates, and media representatives, this year’s event promises to be our biggest and most exciting edition yet.
Among the many highlights of the Summit, the Pitch Competition stands out as one of the most exciting moments! This year, we received over 1,600 applications from exceptionally promising early-stage startups across Europe. After a thorough evaluation process, 15 finalists have been selected and will take the stage in Malta to present their startups in front of our audience and a jury of well-known investors.
Meet the Finalists
Agilica: Founded in 2023 and based in Belgium, Agilica delivers a patented multi-modal resilient positioning and GPS-independent navigation technology for enabling autonomous drone operations. Their onboard positioning system utilises ultra-wideband technology to enable precise, autonomous drone navigation and landing, even within GPS-denied or dynamic environments.
Agnia Aerospace: Founded in 2025 and based in the UK, Agnia Aerospace is developing a dual-mode electrospray thruster for low-Earth-orbit satellites that integrates ultra-high efficiency and high-thrust capabilities into a single, pump-free architecture. Their innovative technology promises to ensure that the next generation of space infrastructure remains manoeuvrable, profitable, and 100% debris-free.
AlterEcho: Founded in 2025 in Denmark, AlterEcho is developing a system of robotic avatars and AI agents that seeks to revolutionise the pharmaceutical and medical industries by removing the risk of human contamination from cleanrooms. Their solutions promise to reduce the industry’s biggest cost drain and operational hazard, resulting in cleaner, more efficient, and more profitable operations.
Arclight Aerospace: Founded in 2025 in Malta, Arclight Aerospace is developing a regulatory-grade airspace operating system that enables safe, scalable, low-altitude operations for drones and future Urban Air Mobility services. Their ambitious team seeks to provide governments with the tools to open urban airspace while giving operators predictable and scalable access.
Asvel: Founded in 2023 in Estonia, Asvel is developing an AI-powered robotic endoscopy system that controls the surgical camera using real-time instrument tracking, soft-robotic actuation, and voice to improve precision and reduce surgeon workload. By enhancing minimally invasive procedures and reducing dependence on manual assistance, they help enable safer and more efficient operations.
Cooled Motors: Founded in 2025 and based in the UK, Cooled Motors is developing a new type of magnetless EV motor that reduces the cost of EV motors by up to 70% while matching the performance of standard magnet motors. Their ambitious team aims to deliver highly efficient, sustainable, and economically viable motors for vehicular transport and power generation worldwide.
DAITABLE: Founded in 2023 in Slovakia, this startup leverages AI to monitor, predict, and optimise energy consumption in real time. By combining advanced analytics with seamless integration into existing systems, their system identifies inefficiencies early and supports sustainable, future-ready operations across energy-intensive sectors such as manufacturing, commercial buildings, and infrastructure.
eMomentum: Founded in 2025 and based in Italy, eMomentum delivers an IoT solution focused on maximising performance and minimising waste in industrial and infrastructural operations. Their turnkey solution continuously monitors motor systems, helping to reduce energy costs and cut CO₂ emissions thanks to predictive maintenance alerts and AI-powered expert support.
Entrelacs: Founded in 2025 and based in France, Entrelacs aims to end one-size-fits-all mental health assessment by building AI that understands each person’s mental health beyond standardised tests. Combining conversational AI with adaptive psychometrics, its platform tailors evaluations to individuals and improves over time, enabling earlier detection of mental health deterioration.
Muun Health: Founded in 2023 in Estonia, Muun Health is developing the first wearable real-time hormone monitoring device for women’s health. The innovative startup aims to fill the gap in women’s hormonal health tracking for a better quality of life with their non-invasive tech solutions, with insights accessible through their mobile application for better management of reproductive health.
Snoika: Founded in 2024 in Estonia, this B2B SaaS startup helps companies become visible, cited, and recommended in AI search engines. Their technology fine-tunes AI models and turns AI search into a predictable inbound growth channel by analysing how brands appear in real AI-generated answers and systematically injecting authoritative context until target visibility KPIs are reached.
Systellar Space: Founded in 2024 in Spain, Systellar Space is enabling AI for the design of complex physical systems such as satellites, aircraft, trains or cars. Currently supported by Techstars Global Accelerator Program, the Systellar Space team is now further developing its innovative platform synapse and expanding its commercial reach to accelerate physical engineering.
Vecify: Founded in 2026 in Spain, Vecify is developing an AI engineering compliance platform that helps teams move faster without compromising safety. By connecting requirements, verification, and certification through continuous traceability, the Vecify platform reduces manual overhead, catches issues earlier, and helps teams stay audit-ready throughout product development.
Warden Machinery: Founded in 2023 in Luxembourg, Warden Machinery is developing AI and computer vision to make critical processes in metals and mining more predictable and efficient. They seek to support the transition from intuition-driven operations to data by deploying industrial AI agents at critical decision points, helping to enable real-time control and loss prevention.
Xydra Labs: Founded in 2025 in Germany, Xydra Labs is a frontier applied AI lab that has developed an architecture allowing LLMs to reason over structured enterprise data while mathematically preserving its topology. They turn LLMs from purely linguistic systems into verifiable reasoning engines for real-world structures, and aim to scale across financial services, insurance, and beyond.
The Prize Package
The stakes are high! Valued at over €1 Million, the prize is juicier than ever! Packed with funding opportunities and credits for great tools and services to supercharge your startup’s growth, this prize could truly transform your entrepreneurial journey. Let’s see what is in it:
€250k Funding Opportunity with Look AI Ventures. The winner will get fast-tracked and invited to pitch directly in front of Look AI Ventures‘ investment committee, and after the due diligence process, there will be a funding opportunity of up to €250k.
$220k Funding Opportunity with Techstars. The winner will be fast-tracked for a priority interview to join Techstars. This ensures that the startups’ business plan will be reviewed by the Techstars investment team and the most relevant program managing director. Following a positive due diligence process, the startup will have the opportunity to join a Techstars accelerator programme, including a $220k investment.
Up to €434k in Funding from Malta Venture Capital, matching the investment of Look AI Ventures and/or Techstars, if the winning startup is either based in Malta, open to relocating to Malta or considering a subsidiary in Malta.
Up to €100k in Cloud Credits from IONOS to support your startups’ hosting and scaling needs with a trusted European cloud provider.
$24k in Credits from Cyscale. The winning startup will receive cloud security credits to monitor and secure its cloud environment, helping to detect misconfigurations, vulnerabilities, and potential threats.
$24k Draper University scholarship (up to 2 co-founders, $12k per founder), including a guaranteed interview with the Draper University selection committee and investment fund and, upon selection, a full scholarship covering the programme costs, with accommodation and co-working space in the heart of Silicon Valley. Flights, visas, and personal expenses not included.
$12k in Credits from LUA AI to build an AI agent that helps automate tasks and interactions.
Gain €12k in value at Make, including €6k in Credits (Make Teams, 3.6m credits) and €6k in consultation services, to build no-code automated workflows using Make’s visual automation platform.
Up to $12k in Credits from Notion (6 months free Business Plan with unlimited AI), access to Notion Perks (exclusive discounts on other software) and to Notion Champions Community.
90% discount on HubSpot for Startups Pro Suite (worth up to $25k), including access to HubSpot’s Free CRM and Sales, Marketing, and Operations tools. The prize also includes a $1,000 matched credit for LinkedIn and Google Ads via HubSpot, as well as up to $150,000 in savings from HubSpot partners. T&C apply.
€10k in JetBrains licenses for essential development and team tools, including award-winning tools such as IntelliJ IDEA, PyCharm, and JetBrains AI, trusted by 50,000+ startups worldwide.
€10k in Remote Credits to support international hiring and help teams access global talent. Credits are valid for 12 months.
€9,900 D-ID Video Maker Enterprise plan, 5-user package with one year of free use.
€5k in value for an exhibition table at the EU-Startups Summit 2027, including 3 event tickets, and a 3-year CLUB membership.
Malta Enterpriseis Malta’s economic development agency, facilitating economic growth, investment, and innovation by offering a range of support services for local and foreign enterprises setting up a productive presence in Malta. As a key player in Malta’s economic landscape, it contributes to the nation’s prosperity by attracting investments, supporting businesses, and driving innovation, thereby reinforcing Malta’s position as an attractive destination for entrepreneurs and investors alike. Malta Enterprise actively cultivates a vibrant startup ecosystem, playing a pivotal role in fostering a conducive environment for startups and offering tailored support and incentives to empower emerging businesses.
M. Demajo Groupis a leading business player in Malta, with a successful history spanning 115 years. The Group’s growth and diversification have resulted in a wide coverage of business sectors through a commitment to long-term results.
M. Demajo Group’s workforce is 500 strong, and their various activities have been developed through organic growth, acquisitions, partnerships, and startups. Its strong financial situation and ethical standards, its business reputation, and its renowned track record as a business partner are all key factors in its continued expansion.
The IONOS Cloud Start-up Program provides young companies with up to €100,000 in cloud credits for up to five years after their founding. Start-ups benefit from a sovereign IT infrastructure “Made in Germany,” offering 100% GDPR compliance and full legal certainty. IONOS Cloud guarantees technological freedom without vendor lock-in. Long-term support is also ensured: exclusive discounts after the first year enable a seamless transition into the IONOS Cloud ISV Partner Program. In this way, digital sovereignty becomes a strategic competitive advantage from founding to scaling.
Qdrant,
an open-source vector search engine, has closed a $50 million Series B funding
round led by AVP, with participation from Bosch Ventures, Unusual Ventures,
Spark Capital, and 42CAP.
Vector
search initially emerged as a technique for retrieving nearest neighbours from
dense embeddings within relatively static datasets. However, modern AI systems
operate under more dynamic conditions. Retrieval is now often embedded in
agent-based workflows that execute large numbers of queries across multiple
data types while interacting with continuously evolving datasets.
Applications
such as retrieval-augmented generation (RAG), semantic search, and agent-based
reasoning require retrieval systems capable of operating reliably at production
scale. Tools designed primarily for single-vector similarity or built on legacy
indexing architectures can struggle under these demands.
Qdrant
has been developed to address these changing requirements. Built in Rust, the
system treats retrieval as a set of modular components (including indexing,
scoring, filtering, and ranking) that engineers can configure and combine.
This
composable approach enables teams to work with dense and sparse vectors,
metadata filters, multi-vector representations, and custom scoring functions
while controlling how these elements affect relevance, latency, and cost. By
exposing these options, the platform allows search performance to be adjusted
to priorities such as accuracy, speed, or efficiency without requiring major
architectural changes as workloads evolve.
AndréZayarni, CEO and co-founder of Qdrant, said that many vector databases were
originally designed simply to store dense embeddings and retrieve nearest
neighbours, capabilities that are now considered a basic requirement:
Production AI systems need a search engine where every
aspect of retrieval - how you index, score, filter, and balance latency against
precision - is a composable decision. That's what we've built, and what
developers and enterprises are looking for as they scale internal and external
AI workloads. This funding accelerates our ability to make it the standard.
The new
funding will support the further development and adoption of Qdrant’s
composable vector search platform as infrastructure for production AI systems.
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Wonderful raises $150M Series B to scale its enterprise AI agents across 30 countries
The Amsterdam-headquartered startup has been out of stealth for just eight months, but it already has 350 staff, production deployments across four continents, and a valuation reportedly approaching $1.7 billion There is a problem that every major enterprise AI deployment eventually runs into: the gap between a convincing demo and a working system in production. […]
Estonian-founded SkySelect, an AI-powered procurement platform transforming how airlines and maintenance providers source aircraft parts, has secured $9 million in funding.
Airlines face mounting pressure to modernise legacy procurement systems that leave them holding approximately $50 billion in excess parts inventory globally.
When aircraft are grounded due to missing components, airlines scramble to procure parts through manual, fragmented processes that can take days or weeks. Aircraft-on-ground (AOG) incidents, where a plane is grounded waiting for parts, cost airlines around $30 billion each year. Airlines also carry more than $10 billion in excess inventory.
Advancements in procurement technology are enabling airlines and maintenance, repair, and overhaul organisations (MROs) to reduce the number of shipments by up to 30 per cent while keeping fewer parts in stock. This minimises logistics costs and reduces carbon emissions, making operations more sustainable.
SkySelect pioneered the application of AI to aviation parts procurement before AI became ubiquitous in marketplace technology. Unlike generalised large language models,
SkySelect's platform employs specialised AI to match aircraft part requests with optimal suppliers across its network of thousands of vendors worldwide, providing real-time market visibility. This targeted approach enables just-in-time procurement, building operational resilience while reducing the need for costly safety stock.
The company also partners with major ERP solution providers to streamline the end-to-end part procurement process through seamless integrations.
Since its launch, SkySelect has processed over $6 billion in transactions, with $1.3 billion completed in 2025 alone.
The company is currently landing approximately one new major client per month, with recent additions including JetBlue, Sun Country Airlines, Air Transport Services Group, Widerøe, and Vueling.
Verb Ventures and RockCreek co-led the round, with participation from SmartCap Green Fund, funded by the European Union NextGenerationEU, and existing investors Bain Capital Ventures and Lux Capital.
Erkki Brakmann, Chief Executive Officer and co-founder of SkySelect, shared:
"Legacy procurement systems and processes are fundamentally broken. Airlines invest over $40 billion annually in aircraft parts while simultaneously carrying $50 billion in excess inventory — a massive inefficiency that our AI-driven platform directly addresses.
This growth funding validates both our early-mover advantage in applying AI to aviation procurement and the tangible value we're delivering to customers."
Alexander Chikunov, founding partner at Verb Ventures, says:
"SkySelect exemplifies the kind of B2B platform we back: a platform that brings transparency to opaque supply chains through data and automation. This new funding positions SkySelect to capture a larger share of the $40 billion aircraft materials market."
Anahita Smeets, Managing Director at RockCreek, says:
"RockCreek invests in AI and innovative companies that deliver both economic value and operational resilience.
SkySelect addresses a critical bottleneck in aviation by using AI to match supply and demand for parts. With airlines facing billions in losses from aircraft-on-ground delays and excess inventory, we believe SkySelect's platform offers a compelling solution at scale."
The investment will be used to enhance its AI sourcing and procurement optimisation tools, helping airlines and MROs build a more reliable, predictable, and sustainable supply chain. SkySelect plans to hire across product development, data science, and customer success in its USA, India, and Estonia offices.
Lead image: Karen Harms.
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Zendesk acquires Forethought in its biggest deal in two decades
The 2018 Startup Battlefield winner is joining Zendesk as the race to own agentic customer service accelerates When Forethought won the TechCrunch Startup Battlefield competition in 2018, ChatGPT was four years from existing. The company’s pitch, that AI could handle customer service conversations autonomously, was considered ambitious to the point of eccentricity. On Wednesday, Zendesk […]
Wonderful, an Amsterdam-based enterprise AI agent platform, has raised €129.8 million ($150 million) in a Series B funding round at a valuation of €1.7 billion ($2 billion).
The round was led by Insight Partners, with participation from existing investors Index Ventures, IVP, Bessemer Venture Partners, and Vine Ventures. In November 2025, the company raised €86.5 million ($100 million) Series A led by Index Ventures, just three months after raising €29.4 million ($34 million) Seed round.
“In 2026, enterprises will be deciding who to partner with to operationalise AI across their organisations, and those decisions will hinge on who can deliver deep integrations across complex infrastructures and tailor solutions to each organisation’s unique environment. We built our platform and operating model around that reality, and the demand we’re seeing globally reflects it. This capital allows us to expand our ability to support enterprises to do what they want with AI,” said Bar Winkler, CEO and co-founder of Wonderful.
Founded in 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful enables enterprises to run human-grade agents in some of the world’s most complex environments and use cases.
Wonderful merges a powerful AI platform with local deployment, delivering enterprise-grade AI agents worldwide. It enables building, monitoring, and optimising AI agents to serve customers and streamline workflows across all offices.
According to the company, enterprise AI will not scale through technology alone. It requires an agentic platform paired with locally embedded teams that can deploy agents inside complex organisations.
It states that by building full-stack teams that are co-located and forward-deployed into customer environments, Wonderful can enable direct collaboration with enterprise stakeholders, accelerate system integration, and sustain post-deployment optimisation long after go-live. Wonderful notes that, as a result, agents can transition from pilot to full production within days and weeks instead of months, even in highly regulated, operationally complex environments.
The Dutch company is building a horizontal enterprise foundation that can be activated across multiple use cases and workflows, rather than delivering isolated point solutions.
“The architecture is model-agnostic by design, continuously benchmarking and selecting the best-performing models for each use case while remaining flexible as the model landscape evolves. It incorporates state-of-the-art engineering practices, including harness-based evaluation and self-healing system design, to ensure agents remain reliable in production,” mentioned the company in the press release.
As enterprises activate additional use cases on the same underlying architecture, the value increases over time. Organisations can partner with Wonderful to deploy quickly while maintaining the ability to extend, build on, and ultimately own their AI capabilities in the long run.
“Over 70% of enterprises that begin with a single use case expand into additional workflows within the first three months. That expansion is possible because we built a shared foundation across core systems from day one. Once that architecture is in place, activating new use cases becomes faster, more predictable, and increasingly owned by the enterprise itself,” added Winkler.
Wonderful’s operating model can be applied consistently across various industries. Whether in telecommunications, financial services, healthcare, or manufacturing, companies are automating both customer interactions and internal processes.
The company reports that across deployments, agents have delivered measurable impact, reducing handling times by up to 60%, achieving containment rates above 80%, and enabling organisations to replace legacy automation vendors while unlocking multi-million-euro annual efficiency gains.
With the fresh capital, Wonderful plans to continue investing in its agentic platform and accelerate global expansion, scaling headcount from 350 to approximately 900 by year-end to serve more enterprises with locally embedded deployment teams.
In the eight months since emerging from stealth, Wonderful has quickly expanded, reaching over 30 countries in Europe, the Middle East, Asia-Pacific, and Latin America, and deploying production-grade agents for enterprises in telecommunications, financial services, manufacturing, and healthcare.
Switzerland’s tech ecosystem in 2025 showed strong
resilience and continued specialisation in deep technology, life sciences,
climate innovation, and industrial AI. Startups across the country attracted
€3.3 billion in funding through hundreds of rounds, reinforcing
Switzerland’s position as one of Europe’s most capital-efficient innovation
hubs.
Investment was largely concentrated in science-driven and
technically complex sectors, with healthcare and biotechnology representing the
largest share of activity. Climate and energy technologies also secured
substantial funding, reflecting increasing investor focus on decarbonization
and energy infrastructure.
The ecosystem is characterised by a strong early-stage
pipeline and close collaboration between startups, research institutions, and
global investors. As demand for deeptech, healthcare, and climate solutions
continues to grow globally, Switzerland remains well-positioned to play a
significant role in developing and scaling the next generation of high-impact
technologies (for more detailed analyses of the European technology ecosystem,
check out Tech.eu’s annual report: European Tech 2025 – The Big Picture).
Here are the 10 companies that raised the most in 2025.
Amount raised in 2025: $378M
Energy Vault is an energy storage technology company that develops and deploys utility-scale solutions designed to support the transition to renewable energy. Its technologies include gravity-based storage systems, battery storage, and hybrid hydrogen solutions, combined with software platforms that help utilities and industrial customers manage and optimise energy assets.
Founded in 2017, the company is known for its gravity energy storage technology, which stores electricity by lifting heavy composite blocks using cranes and releasing the stored energy when the blocks are lowered to generate power for the grid.
In 2025, Energy Vault secured $378 million across three funding rounds to support the continued development and deployment of its energy storage projects.
Amount raised in 2025: €150M
Teylor is a fintech company developing technology to digitise and automate lending for small and medium-sized businesses.
Founded in 2018, the company provides a digital platform that helps banks, financial institutions, and investors streamline credit processes, from loan applications and risk assessment to financing and management.
Its software enables lenders to launch and scale digital credit products while giving SMEs faster and simpler access to funding. In addition to its software platform, Teylor also operates lending and private debt solutions to finance business loans directly.
Teylor has secured €150 million in 2025 to expand its factoring business across seven European markets and further develop technology-driven financing solutions for small and medium-sized enterprises.
Amount raised in 2025: $162M
Climeworks is a climate technology company that develops direct air capture (DAC) systems to remove carbon dioxide directly from the atmosphere.
Founded in 2009, the company designs, builds, and operates large-scale carbon removal plants that capture CO₂ from ambient air and permanently store it underground. Climeworks provides carbon removal services to businesses and organisations aiming to achieve net-zero emissions and improve climate impact.
In 2025, Climeworks secured a $162 million equity funding round to support the expansion of its operations and the development of next-generation direct air capture (DAC) technology.
Amount raised in 2025: $150M
Distalmotion is a medtech company developing robotic surgery technology designed to expand access to minimally invasive procedures.
Founded in 2012 as a spin-off from EPFL in Lausanne, Distalmotion developed the DEXTER® Robotic Surgery System, a surgical robot designed to integrate into existing operating rooms. The technology supports minimally invasive procedures in areas such as general surgery, gynaecology, and urology while aiming to make robotic surgery more accessible for hospitals and surgeons.
Distalmotion has closed a $150 million round to accelerate US adoption of its DEXTER robotic surgery system and support ongoing clinical research and product development.
Amount raised in 2025: $130M
Auterion is a software company developing operating systems and AI-powered platforms for autonomous drones and robotic systems.
The company builds a common software stack that allows unmanned aerial and ground vehicles from different manufacturers to operate together and be managed as coordinated fleets. Its core technology, AuterionOS, provides flight control, mission planning, data analysis, and fleet management tools for enterprise and defence applications.
In 2025, Auterion secured $130 million in funding to scale production of AI-powered coordinated drone systems and expand its AuterionOS and Nemyx platforms globally.
Amount raised in 2025: $130M
GlycoEra is a biotechnology company developing precision therapies for autoimmune diseases using glycoengineering and protein-degradation technologies.
The company builds biologic medicines designed to selectively target and degrade disease-causing circulating proteins such as autoantibodies. Its platform enables the rapid and selective removal of pathogenic proteins without broadly suppressing the immune system, with the goal of improving safety and treatment outcomes for patients with autoimmune and other protein-driven diseases.
GlycoEra has closed a $130 million Series B round to advance its lead extracellular protein degrader into clinical trials, bring a second program to the clinic, and expand its pipeline of precision therapies for autoimmune diseases.
Amount raised in 2025: €106.2M
Oculis is a company focused on developing innovative treatments for eye and neuro-ophthalmic diseases.
The company develops non-invasive topical therapies, including advanced eye-drop formulations designed to treat conditions affecting both the front and back of the eye. Through proprietary drug-delivery technologies and research in ophthalmology and neurology, Oculis aims to improve vision and quality of life for patients worldwide.
Oculis secured a €106.2 million loan facility in 2025 to support the development of new treatments for eye diseases.
Amount raised in 2025: $120M
CeQur is a medical device company developing technologies to simplify insulin delivery for people living with diabetes.
The company focuses on wearable insulin delivery solutions that replace multiple daily injections with a discreet patch-based system. Its main product, CeQur Simplicity, is a wearable insulin patch designed to deliver rapid-acting mealtime insulin in a simple, injection-free format. CeQur’s technology aims to improve adherence to insulin therapy and help patients manage blood glucose levels more easily in everyday life.
In 2025, CeQur secured $120 million to scale diabetes management solutions.
Amount raised in 2025: $105M
Ecorobotix is an agritech company developing AI-powered precision farming technology designed to make crop care more efficient and sustainable.
The company builds ultra-high-precision spraying systems that use computer vision and artificial intelligence to detect weeds and treat crops plant by plant. Its flagship technology enables farmers to apply crop protection products only where needed, significantly reducing chemical use while improving yields and lowering environmental impact.
In 2025, Ecorobotix secured $105 million to accelerate growth.
Amount raised in 2025: $100M
Neural Concept is an AI software company developing engineering intelligence platforms for product design and development.
Founded in 2018 as a spin-off from EPFL in Lausanne, the company embeds deep learning and generative AI into engineering workflows to help teams design, simulate, and optimise products faster. Its platform enables engineers to analyse complex physical systems, explore design alternatives, and accelerate product development across industries such as automotive, aerospace, energy, and electronics.
In 2025, Neural Concept raised $100 million to further develop its AI engineering platform and expand enterprise AI adoption across advanced industrial workflows.
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Uber, Wayve, and Nissan are bringing robotaxis to Tokyo
The three-way MOU marks Uber’s first autonomous vehicle partnership in Japan, and adds Tokyo to a global rollout already targeting ten cities. Tokyo’s streets are, by common consensus, among the most demanding driving environments on Earth. Dense junctions, narrow lanes, complex signage, and a culture of precision that tolerates neither delay nor error make the […]
The Bavarian startup is targeting insurance fraud first, and sees Europe’s push for explainable AI as a competitive edge Neuramancer AI Solutions GmbH has closed a €1.7 million pre-seed funding round to accelerate the commercialisation of its deepfake detection platform, with an initial focus on the insurance industry. The Bavarian startup, which rebranded from Neuraforge, […]
The Milan cybersecurity firm’s Series B bets that predictive defence, not reactive detection, is how banks survive the AI fraud wave For more than a decade, Cleafy has been telling banks that waiting for fraud to happen before responding to it is a losing strategy. The Milan-based cybersecurity firm has now raised €12 million in […]
NVIDIA has agreed to invest $2 billion in Nebius Group, the Amsterdam-based AI cloud company that emerged from the wreckage of Yandex after Russia’s invasion of Ukraine, in a deal that pairs a substantial capital injection with a deep technical partnership aimed at deploying more than 5 gigawatts of NVIDIA-powered compute capacity by the […]
Delfos Energy, an AI company building “virtual engineer” technology for the energy industry, today announced that it now supports more than 1,000 energy sites across Europe, alongside the close of a €3 million Seed extension round.
The round includes new investment from Vox Capital/COPEL, existing investors include Headline, Contrarian Ventures, DOMO VC and EDP Ventures. Delfos Energy has now raised a total of €10 million.
Delfos Energy builds applied AI for renewable and energy infrastructure operators - helping them run assets more efficiently, reliably and at scale. Its platform acts as a continuously operating virtual engineer: it ingests operational data in real time, detects abnormal behaviour and early-stage failures, interprets complex signals in context, and turns them into prioritised, actionable recommendations for engineering, operations and executive teams.
Since 2017, Delfos Energy has applied machine learning in production environments across energy systems, combining deep domain expertise with production-grade AI.
Rather than simply surfacing data or triggering alerts, Delfos Energy is designed to solve an execution and decision-making problem: helping teams understand what matters most, why it matters, and what to do next - even across large, distributed fleets.
Unlike traditional monitoring and analytics tools that stop at dashboards, alarms or generic anomaly flags, Delfos Energy replicates the work of an experienced performance engineer. The platform:
Interprets operational signals, not just detects them.
Provides context and prioritisation across sites and assets. Suggests recommended actions, including what to do, when to do it and why.
Helps teams move from “something looks off” to “here’s the likely cause and the best next step” faster
Delfos Energy also provides natural-language interfaces, including tools such as WhatsApp, so teams can query complex operational data in plain language, lowering the barrier to adoption across organisations.
The company now supports more than 1,000 energy sites across over 10 countries.
According to Guilherme Studart, CEO and co-founder of Delfos Energy:
“The energy transition will only succeed if existing infrastructure runs far more efficiently and reliably than it does today. Delfos Energy uses AI to capture and scale the knowledge of experienced engineers - translating complex operational signals into clear priorities and actions at a time when expertise is being lost.”
The Seed extension will be used to consolidate Delfos Energy’s AI Suite, deepening deployments across key energy transition markets and continuing expansion into adjacent energy transition verticals, including energy storage Once Delfos Energy reaches sufficient scale and maturity in Europe, the company expects the US to represent its next natural market.
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12/03/2026 10:46 AM
Endform raises €1.5M as faster AI-generated code puts new pressure
The Swedish testing startup has secured seed funding to take on the CI pipeline bottleneck in the age of AI-generated code. The code review has always had a bottleneck, not the code itself, but the wait. As test suites swell alongside faster development cycles, engineering teams have increasingly found themselves staring at CI pipelines that […]
The startup, founded just two months before its raise, has secured China’s largest early-stage brain-computer interface round, heavily oversubscribed. Phoenix Peng has already built one brain-computer interface company. NeuroXess, his first venture, develops implantable BCI systems designed to restore communication and motor function for people with severe neurological conditions. His second company, Gestala, takes a […]
This week on the EU-Startups Podcast, we sit down with Kilian Kaminski, Co-founder of refurbed, the Vienna-based marketplace helping reshape how Europeans buy electronics and other consumer goods through refurbished products.
Founded in 2017, refurbed has grown into one of Europe’s leading platforms for sustainable consumption, offering professionally refurbished devices that provide a more affordable and environmentally friendly alternative to buying new products. Instead of sending used devices to landfills or limiting solutions to recycling, refurbed focuses on extending the lifecycle of electronics by refurbishing and reselling them through a curated marketplace.
In this episode, Kilian shares the story behind refurbed’s journey from a startup idea to one of Europe’s fastest-growing refurbished product marketplaces. Headquartered in Vienna, the company now operates across several European markets and has raised more than €120 million in funding to scale its operations and expand its mission of promoting a circular economy. He also discusses the evolution of the refurbishment sector, the challenges of building trust in second-life electronics, and how circular economy models are gaining traction across Europe, and much more.
Kilian is also a guest contributor to EU-Startups, where he shares insights on sustainability, circular economy, and entrepreneurship. You can find his articles here.
Tune in to the episode to hear Kilian’s insights on building a mission-driven company, scaling a marketplace across Europe, and why extending the lifecycle of products may become one of the most important levers in the transition towards a more sustainable economy.
This episode of the EU-Startups Podcast is brought to you by Vanta. The trust management platform helps more than 12k companies, including Nando’s, Allica Bank and Granola, start and scale their security programmes while building trust with buyers. It saves security teams time and improves programme visibility by automating over 35 compliance frameworks, such as SOC 2 and ISO 27001, as well as GRC workflows like risk management. Click here to learn more!
A March 11 political agreement on AI Act amendments will add an explicit prohibition on non-consensual intimate AI-generated images, direct fallout from the Grok scandal. It took a scandal, a wave of regulatory anger, and a coalition of 57 European Parliament members to get there, but the EU’s landmark AI Act will now contain an […]
Elaia has closed its third deep tech seed fund (DTS3) at €134 million, double the size of its previous deep tech seed funds. The fund is developed in partnership with leading European research institutions, including PSL, INRIA, CNRS, the Barcelona Supercomputing Centre, and the Max Planck Foundation.
Since its first close of €60 million in March 2024, DTS3 has already deployed capital across 11 portfolio companies in computing, life sciences, and industrial innovation.
DTS3 will invest between €1 million and €13 million in pre-seed and seed-stage B2B startups across Europe, partnering with founders at the earliest stages.
Since inception, DTS3 has backed companies with global ambition addressing fundamental bottlenecks in next-generation infrastructure, such as:
Proxima Fusion (Germany): Stellarator-based fusion power plants to provide clean, safe, and limitless baseload energy, positioning Europe as a leader in commercial fusion by the 2030s.
GetVocal (France): Fully auditable conversational AI agents for enterprise customer support, enabling companies to build trustworthy hybrid human-AI workforces with real-time oversight and transparent governance.
Biophta (France): A topical ophthalmic insert to replace daily eye drops and invasive injections with a simple, patient-friendly solution for conditions like glaucoma and macular edema.
According to Anne-Sophie Carrese, Partner at Elaia, DTS3 builds on a partnership model that the Firm pioneered through the PSL Innovation Fund and Elaia Alpha II Fund, which has already produced notable outcomes, including Aqemia, Alice&Bob, and Mablink Bioscience, which was acquired by Eli Lilly.
“These partnerships with Europe's top research institutions give us early visibility into breakthrough technologies and exceptional founding teams.
After nearly two decades backing deep tech founders, we're seeing an acceleration of innovation that rivals any ecosystem in the world.
From Zurich to Paris with hubs emerging across the continent, European deep tech is reaching escape velocity.”
According to Xavier Lazarus, Managing Partner at Elaia:
"DTS3 reflects our international ambition: we're backing founders across Europe, and our growing investor network reflects this geographic mix.
We're in an intense deployment phase and eager to meet ambitious entrepreneurs building Europe's next generation of deep tech companies."
With 11 investments completed and strong momentum, DTS3 will continue deploying capital throughout 2026 across three core pillars: the future of computing (AI, cybersecurity, semiconductor/photonics, quantum), the future of industry (physical AI, robotics, material, energy), and the future of life sciences (biotech, digital health, medical devices).
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Elaia closes its third deep-tech seed fund at €134M
The Paris-based VC backed by Bpifrance and Université PSL has exceeded the €120M goal it set at first close in March 2024. When Elaia first raised its third deep-tech seed fund in March 2024, the target was €120 million. The final figure has come in higher. The Paris-based venture capital firm has closed its DTS3 […]