Viktor, a Warsaw and Munich-based AI startup that develops an AI coworker operating in Slack and Microsoft Teams, raised €64.7 million in Series A funding led by Accel. The company has reached €12.9 million revenue run rate within 10 weeks of public launch in February 2026 and serves over 2,000 organizations globally.
Portugal’s Iberian candidacy for a European Commission AI gigafactory project will concentrate all operations in Sines rather than establishing a secondary hub in Pego. The €8 billion investment from public and private funds will create an AI infrastructure facility with 150 MW computing capacity, expected to be fully operational by 2028. Spain’s location is Tarragona in Catalonia.
Mister IA raised 10 million euros in funding from 199 Ventures (Andréa Bensaid’s fund) and Momentum Invest
Paindrainer, a Swedish digital therapeutics company based in Lund, has raised €550,000 from existing shareholder Almi Invest, Tramontane Invest, and other existing and new shareholders. The company develops AI-powered digital platforms for chronic pain management, including its flagship PD Care System and the upcoming Relivra product powered by proprietary Artificial Neural Networks.
Dunia Innovations unveiled plans for Berlin GigaLab, a €280 million facility to industrialize AI-driven materials discovery. The 6,000 m² facility will integrate autonomous experimentation, AI-guided design, and industrial-grade characterization. Backed by an industrial consortium including Siemens, ABB Robotics, NVIDIA, AWS, and ILS, the facility is expected to create over 200 jobs and begin operations in 2028.
Ricoh’s document management subsidiary PFU announced a 3.3 million euro investment plan in Portugal through 2031, transforming Lisbon into a strategic innovation hub for the EMEA region. The expansion focuses on AI-powered document digitalization, intelligent data capture software, distribution channel strengthening, and entry into healthcare, education, justice, and public administration sectors. PFU currently operates in Lisbon with a 14-person team providing technical support across the EMEA region.
Stilta, an AI company founded by Oskar Block, has raised nearly 100 million SEK from venture capital firm Andreessen Horowitz. The company focuses on using AI to manage and maintain patents. Block, who previously gained fame as a teenager for winning large sums on sports betting and later attended Y Combinator, left McKinsey to focus on the venture.
Paris-based Mistral has acquired Austrian startup Emmi AI, which develops foundational AI models trained with physics laws to simulate complex engineering processes. This is Mistral’s second acquisition in three months, following the February acquisition of French startup Koyeb. Emmi, created a year ago, raised a €15m seed round and has over 30 employees who will join Mistral. The acquisition demonstrates Mistral’s shift toward vertical specialization in industrial AI.
LEADBAY raised €3.8 million to revolutionize sales intelligence by moving beyond traditional data sources like LinkedIn profiles, job postings, web traffic, technology stacks, marketing campaigns, and social media activity to capture a larger portion of the real economy.
Milan-based legal AI company Lexroom raised $50 million in Series B funding led by Left Lane Capital. The company develops AI infrastructure for legal professionals using a proprietary database of over 6 million verified legal sources. The platform is used by over 8,000 law firms and corporate legal teams globally, with plans to expand across civil law jurisdictions in Europe starting with Spain and Germany.