Lars Eriksson 
Swedish entrepreneur Alfred Wahlforss founded the AI company Listen Labs in the United States three years ago. The startup is now being bought by software giant Salesforce in a transaction estimated at about 20 billion Swedish kronor (approximately $1.8 billion).
Lithuanian startup Axiology is providing DLT-based trading and settlement infrastructure for digital securities and is part of the initial rollout of the ECB’s Pontes service, which allows settlement in central bank money, marking a step toward pan‑European digital capital markets.
FlatPay, a Nordic fintech startup, is soaring in the market, prompting other fintech companies in the region to look for their next strategic moves.
Swedish research spin‑off Ipercept claims to have solved the long‑standing problem of predicting when factory floor machines will fail. The company has just closed a large funding round and is now planning to expand its operations to the United States.
Estonian‑Ukrainian defence‑tech startup DOD Solution raised €1.8 million in a pre‑seed round, backed by a mix of European venture funds and Canadian drone company Draganfly, to scale its AI‑driven autonomy platform AURA for drones and other unmanned platforms, with plans to expand across Europe and North America.
Oslo‑based cybersecurity startup Pistachio bought the IP of fellow Norwegian startup Hugin.io, integrating its compliance‑management technology into Pistachio’s platform and planning a new compliance product for 2027.
AI startup Instinct, founded in 2023 by Noah Shinn, is set to secure a 10 billion SEK funding round, pushing its valuation close to 100 billion SEK, according to the New York Times Dealbook.
Swedish startup Klang.ai raised €1.3 million to develop its own European speech‑AI model, Klang Pianissimo, which provides real‑time transcription on local hardware, and will use the funds to expand product development and enter new markets in the Nordics, Benelux, DACH and Japan.
Estonian startup bilt.me, an AI‑native platform that lets anyone create native iOS and Android apps without coding, closed a €614.9k pre‑Seed round led by Superhero Capital with participation from Bolt founder Markus Villig and Lightyear founder Martin Sokk. The funds will be used to accelerate global expansion and enhance the platform’s features.
Swedish venture capital firm J12, founded by AI specialist Bo Mattsson, sold a third of its holding in the startup Lovable during the late summer, reporting a 225‑fold return on its 2023 investment.