Searchable, a London-based AI performance marketing platform, raised €11.9 million in Series A funding led by Headline at a €72.1 million valuation. The platform helps brands understand, track and improve their visibility across AI-led search engines. Since launching in January 2025, the company reached €2.2 million in annual recurring revenue and works with major enterprise clients.
Arkeus, a defence technology company developing AI-based sensor systems that serve as the ‘eyes and brain’ for autonomous platforms, raised 15.5 million EUR in Series A funding. R+ VC is noted as the only European investor in the round.
Norwegian imaging technology company Muybridge raised $16 million in Series A funding led by Investinor, Fairpoint, Idekapital and RunwayFBU. The company develops a software-defined imaging platform that replaces traditional broadcast camera infrastructure with compact arrays of 4K sensors and GPU-powered systems, enabling virtual camera perspectives in real time. The funding will support international expansion and scaling of commercial operations.
Imperagen, a Manchester-based biotech company using AI and quantum physics to engineer enzymes, raised €5.7 million in Seed funding led by PXN Ventures. The company combines quantum physics simulation, AI model training, and automated robotics in a closed-loop system to improve enzyme designs. It brings total funding to €9.8 million and announced Guy Levy-Yurista as new CEO. The company plans to expand R&D, scale wet lab capabilities, and grow its go-to-market function.
Portuguese development bank BPF has disbursed 1.15 billion euros to 6,000 companies affected by devastating storms in January-February 2026, with plans to reach 2 billion euros in total support across 90 municipalities. The bank is also introducing new instruments for exports, investment, growth, and quality job creation.
Banco Português de Fomento made advance payments of 72 million euros to 1,113 companies under the IFIC program covering reindustrialization, defense and security, and AI sectors. This represents 30% of approved support, with remaining 70% to be paid upon validation of expenses during investment execution. The bank has approved projects for nearly 3,000 companies totaling over 2.2 billion euros in investment, with approximately 1,500 contracts currently in execution representing 436 million euros in eligible investment.
Sonae, the Portuguese retail conglomerate, reported strong Q1 2026 results with 47 million euros in profits (up 11% YoY) and record quarterly consolidated revenue of 2.7 billion euros. The company achieved improved profitability with EBITDA margins expanding from 9.8% to 10.4%, driven by growth across all retail operations and store expansion. Net debt decreased to 1.7 billion euros, reflecting strong cash flow generation and continued deleveraging.
NanoCo AI has raised $12 million in seed funding to commercialize NanoClaw, an open source enterprise-friendly AI agent harness. The company aims to provide enterprises with secure, one-to-one ‘professional assistant’ AI agents for each employee that build personalized knowledge graphs and execute tasks within sandboxed Docker environments. NanoClaw remains MIT Licensed open source while NanoCo AI offers managed commercial services.
The Portuguese government authorized Infraestruturas de Portugal to implement a phased payment schedule for the modernization of the Alentejo Railway Line. The project involves a 410.68 million euro investment to replace and electrify 63 kilometers of track between Casa Branca and Beja, enabling speeds of up to 200 km/h for passenger trains and 120 km/h for freight. Disbursements will run from 2027 to 2033, with the government seeking additional European funding through Portugal 2030 and other EU financing instruments.
Overwatch AI, a platform that helps pilots, cabin crew and operations managers working on the front lines of aviation find critical information quickly and make fast and efficient operational decisions, has closed a pre-seed round of 1.3 million euros with participation from United Airlines Ventures.