UK‑based B2B software startup Souk secured $1.6 million in pre‑seed financing led by Sure Valley Ventures, with participation from Antler, Fuel Ventures and angel investors. The funds will be used to advance its AI Partner Manager, Coco, which automates partner lifecycle tasks and aims to reactivate dormant B2B relationships into revenue streams.
Backbone, a Belgian food‑industry software startup founded in 2025, secured €4 million in a pre‑seed round led by Pitchdrive. The funding will accelerate its AI‑driven platform that centralises quality and compliance data for food companies and supports its expansion into the UK and the Netherlands.
London‑based Pharosyn, an AI‑powered competitive intelligence platform for biopharma, raised €2.5 million in a round led by Moonfire to expand its product and accelerate adoption among pharmaceutical commercial and portfolio strategy teams.
French AI startup Mistral AI secured a massive €3 billion financing round, with strategic investors Samsung, Nvidia, ASML and the European Scaleup Fund leading the round. The capital will be used to scale up its AI model development, hire talent and build out compute resources, positioning Mistral as a major player in the European generative‑AI landscape.
Palo Alto Networks bought the AI‑focused security automation startup Console, founded in 2024 by Romanian Andrei Serban. The deal, terms undisclosed, will allow Console’s AI agents to be integrated into Palo Alto’s security platforms, accelerating its vision of AI‑enhanced security workflows.
Swedish AI startup Unbounded, backed by Nordnet’s main shareholder and several tech billionaires, launched its product and was valued at nearly 250 million SEK (about $22.5 million) earlier this year.
Maska offers an artificial‑intelligence solution that scans websites, social media, packaging and reports to verify sustainability statements made by companies in the food, textile and tourism sectors, connecting each claim with supporting evidence and relevant regulations, thereby lowering the risk of greenwashing and legal issues.
Swedish startup Find My Factory has changed its name to Speya and secured 6 million Swedish crowns to build AI‑powered supplier review tools, positioning the solution as a new standard for the industry.
Founder Hamed Mohammadpour spent three years building 75 AI projects and is now launching Matrix OS, a personal cloud computer that operates around the clock for users.
After 3.5 years of strong growth, NORM, the data and insight layer behind RetailMedia.One, is becoming a standalone platform to provide retailers and brands with granular measurement of retail media effectiveness, with plans to expand into the UK, Germany, France and Belgium.