Nabla Names Brian Manning as New CEO in Leadership Transition
Nabla announced a leadership transition, with founder Alexandre Lebrun handing over the CEO role to Brian Manning.
France
Mistral AI pursues €3 billion Series D at €20 billion valuation with EU backing
French AI startup Mistral AI is pursuing a massive €3 billion Series D financing, potentially led by the EU Scaleup Fund, pushing its valuation to about €20 billion and positioning the company as Europe’s answer to Palantir.
French AI Startup Raise Summit To Be Acquired, Marking Consolidation in European Tech Sector
The article reports that the AI startup Raise Summit is set to be acquired, indicating that the time for a takeover has already arrived.
Dutch Online Supermarket Picnic Reaches Profitability Milestone in Home Market Despite €272 Million Net Loss
The Dutch online supermarket Picnic achieved a positive EBITDA of €4 million and positive operating cash flow in the Netherlands for the first time, while its overall 2025 results showed a net loss of €272 million due to continued investment in growth, including new distribution centres in Germany. Revenue grew 24% to €1.9 billion and the company now serves 3.6 million customers across the Netherlands, Germany and France.
Five European and US air quality sensor companies launch coalition to advance EU environmental monitoring
A coalition of five companies – Airly (Poland), Ecomesure and Ellona (France), Kunak Technologies (Spain) and Clarity Movement Co. (USA) – launched Clean Tech for Clean Air (CT4CA) in Brussels to support EU member states in deploying high‑quality small sensors for better air‑quality monitoring and policy implementation under the revised EU Air Quality Directive.
Ventech backs Grenoble-based Engo’s connected sports glasses ambitions
Engo, a startup from Grenoble, has impressed venture capital firm Ventech with its connected sport glasses, leading to a new investment round.
Major Publishers Challenge Google Over Unauthorized Use of Books in Gemini AI Training
French publisher Hachette, US-based Cengage Learning, and Dutch publisher Elsevier have filed a lawsuit against Google, alleging that the company used their books to train the Gemini AI without authorization from authors or publishers. The case highlights the legal gray area around AI training data, particularly in the US where copyright protections are less restrictive.
Scaleway Wins Major Cloud Contract with Aerospace Giant Airbus
Scaleway, a French cloud computing company, has secured a cloud contract with Airbus, marking a significant partnership in the SaaS sector.
Paris-based Syntetica Secures $30 Million Series A to Scale Nylon Recycling Technology
Paris-based Syntetica, a company developing a patented process to recycle both types of nylon in a single process, has raised $30 million in a Series A round led by Bpifrance’s Ecotechnologies fund. The funding includes participation from Lululemon, MAS Holdings, and other investors. The company plans to use the funds to scale its technology and build a commercial facility.
Ukrainian Defense Startup Fire Point Develops Homegrown Anti-Missile System with European Partners
Fire Point, a Ukrainian defense startup, is advancing a national anti-missile system with European collaboration. The project aims to create a cost-effective, sovereign defense solution amid geopolitical shifts and reduced reliance on U.S. or Chinese systems.