vc-scanPre-diligence & valuation
← This week's Intake

The Podium

Last 90 days

The i-Index ranks sectors. This ranks ideas — the lanes where several separate companies raised money for the same thing. Ranked by how many companies, not by how much money, because one $2bn round can make any lane look like the story of the quarter.

If you are raising, this is the answer to “am I alone in this, or is a partner already looking at three of us?” If you are investing, it is a comp set you did not have to assemble.

2 Aug – 30 Oct · 487 companies raised · 27 contested lanes · rumours excluded · share ↓

01

Chips built for AI

19 companies · $6.3bn reported

02

AI agents doing the work

17 companies · $706.9m reported

03

Grid & energy storage

13 companies · $338.4m reported

Every contested lane

01

Chips built for AI

19 companies$6.3bn reported · 17 of 19 disclosed

Silicon designed specifically to run models, rather than general-purpose processors doing the job.

  • Firmus$2.9bn (reported)7 Aug 2026 · AU

    Builds and operates large AI data centres in Australia powered by Nvidia chips.

    Startup Daily ↗
  • Tenstorrent$1.5bn (reported)19 Oct 2026 · US

    Designs chips for running AI models and publishes the designs openly, positioning itself against Nvidia.

    TechCrunch ↗
  • FuriosaAI$620m (reported)29 Oct 2026 · KR

    Designs chips for running trained AI models, claiming better efficiency than Nvidia's professional cards.

    Tech in Asia ↗
  • Infinigence AI¥2.3bn (reported)12 Oct 2026 · CN

    Software that lets one AI model run efficiently across chips from different makers.

    TechNode ↗
  • OLIX€270.5m (reported)3 Aug 2026 · GB

    Designs specialised silicon chips to replace general-purpose GPUs for AI inference workloads.

    EU-Startups ↗
  • EUCLYD€200m (reported)15 Sept 2026 · NL

    Building energy-efficient chip systems for running large AI models, with the first hardware due from 2028.

    EU-Startups ↗
  • Nano-core Chip¥1bn (reported)30 Oct 2026 · CN

    Designs chips that run already-trained AI models, and is preparing to make them in volume.

    TechNode ↗
  • Salience Labs$125m (reported)14 Oct 2026

    Switching chips that move data between AI servers using light instead of electrical signals.

    Tech.eu ↗
  • Callosum$100m (reported)20 Aug 2026 · GB

    Systems software that routes AI workloads to the cheapest suitable models and chips.

    EU-Startups ↗
  • DeepX$30m (reported)4 Aug 2026 · KR

    Designs AI processor chips for edge devices; says it has secured over 30 mass-production contracts across eight countries.

    Tech in Asia ↗
  • Ubitium$14m (reported)13 Oct 2026

    Designs a single general-purpose processor chip for autonomous machines and other hardware that has to run AI on board.

    Tech.eu ↗
  • Photon Bridge€10m (reported)21 Oct 2026 · NL

    Makes the lasers that carry data between AI chips, aiming at the millions needed as clusters grow.

    Tech.eu ↗
  • Velatir€5m (reported)20 Aug 2026 · DK

    An AI infrastructure platform that helps companies run AI workloads across different chips and models.

    EU-Startups ↗
  • MintNeuro$5m (reported)7 Oct 2026 · GB

    Designs chips small and frugal enough to sit inside neural implants and wearable devices.

    Tech.eu ↗
  • Solinide€4m (reported)20 Aug 2026 · SE

    Silicon-nitride photonic chips for AI data centres, moving toward mass manufacturing.

    Tech.eu ↗
  • Embedd$2.7m (reported)25 Aug 2026 · GB

    Software that builds a digital twin of computer chips and uses AI to auto-generate the integration code needed for physical-AI devices.

    UKTN ↗
  • HexSeed Technology£600k (reported)21 Aug 2026 · GB

    Develops a diamond-coating material that stops AI computer chips from overheating.

    UKTN ↗
  • Groqamount undisclosed17 Aug 2026 · US

    Designs AI inference chips for running AI models efficiently.

    Tech in Asia ↗
  • SUNMMIOamount undisclosed14 Oct 2026 · CN

    Designs 3D-stacked chips built to run large AI models faster when they are answering, rather than training.

    TechNode ↗
02

AI agents doing the work

17 companies$706.9m reported

Software that carries out a multi-step business task end to end — booking, onboarding, chasing, resolving — instead of answering a question and handing back.

  • Butterfly Effect$500m (reported)8 Oct 2026 · CN

    The company behind Manus, a Chinese AI agent.

    TechNode ↗
  • Ema$77m (reported)24 Sept 2026

    AI agents that take on routine office jobs, sold to companies as though they were extra staff.

    Inc42 ↗
  • Vesta$30m (reported)8 Oct 2026

    Software that runs a mortgage lender's application process using teams of AI agents.

    TechCrunch ↗
  • Restate$20m (reported)30 Sept 2026 · DE

    Plumbing that keeps a long multi-step job running correctly when a step fails halfway - first used in banking, now under AI agents.

    Tech.eu ↗
  • Eagle Cloud¥100m (reported)14 Sept 2026 · CN

    Security controls for companies letting AI agents loose on internal systems — what each agent may touch and what it did.

    TechNode ↗
  • Ghost$11m (reported)5 Oct 2026

    A $3,499 desktop computer built to run AI agents that act on their owner's behalf.

    TechCrunch ↗
  • Zeliq€7m (reported)22 Sept 2026

    A sales prospecting workspace where AI agents find leads and run the outreach a sales team would otherwise do by hand.

    Tech.eu ↗
  • Primo€6.9m (reported)22 Sept 2026 · FR

    One place for a company's IT team to handle laptops, software accounts, logins and support requests, with AI agents doing the routine jobs.

    EU-Startups ↗
  • Opply$7.5m (reported)21 Oct 2026

    A platform consumer-goods brands run their day-to-day operations on, with AI agents doing the legwork.

    Tech.eu ↗
  • 50skills€5.3m (reported)24 Sept 2026 · IS

    Automates the paperwork behind hiring and staff admin, with AI agents that work alongside an HR team.

    EU-Startups ↗
  • Shamrock AI$5m (reported)15 Oct 2026

    Tooling that lets a company put AI agents into live use and keep them behaving predictably.

    Inc42 ↗
  • Granite€4m (reported)28 Sept 2026

    Sells cloud infrastructure, software and hardware built to run AI agents.

    Tech.eu ↗
  • Kontext$4m (reported)24 Sept 2026

    Security software that watches what AI agents do while they are running and stops the actions that should not happen.

    Tech.eu ↗
  • Reduck$3m (reported)22 Oct 2026

    Speeds up the way AI agents click and read their way through websites.

    Tech.eu ↗
  • Cygrid€2.7m (reported)23 Oct 2026 · DE

    Decides which confidential company files an AI agent is allowed to open, by checking the identity behind each request.

    EU-Startups ↗
  • Itoflow$2.5m (reported)25 Aug 2026 · GB

    AI agents that learn how an individual investment firm does its research, then run parts of that work for it.

    UKTN ↗
  • Aisot Technologies€2.1m (reported)14 Aug 2026 · CH

    Gives institutional investors AI-driven portfolio management tools using autonomous 'agentic' AI.

    EU-Startups ↗
03

Grid & energy storage

13 companies$338.4m reported

Storing electricity so it can be used when it is needed rather than when it is generated — batteries, and the software that decides when to charge them.

  • Nexeon£100m (reported)31 Aug 2026 · GB

    Makes the silicon-based materials that go inside batteries, sold to battery and vehicle manufacturers.

    EU-Startups ↗
  • AmberAUD 78.5m (reported)21 Sept 2026 · AU

    Trades the electricity sitting in household batteries and electric cars on the wholesale power market.

    Startup Daily ↗
  • Ore Energy$43m (reported)4 Aug 2026 · NL

    Long-duration batteries that can store energy for several days at a time.

    Tech.eu ↗
  • Yuma Energy$35m (reported)1 Sept 2026 · IN

    Runs a network of stations where electric-vehicle riders swap a flat battery for a charged one instead of waiting to recharge.

    Inc42 ↗
  • MP SpaceAUD 23m (reported)26 Oct 2026 · AU

    Off-the-shelf batteries and power systems for satellites, in place of the one-off custom builds spacecraft normally carry.

    Startup Daily ↗
  • Certain Energy£10m (reported)26 Aug 2026 · GB

    Manganese flow batteries that hold electricity for days at a time, aimed at grid-scale storage.

    Tech.eu ↗
  • Octave.energy€10m (reported)4 Sept 2026 · BE

    Installs grid-scale battery storage and sells the software that decides when those batteries charge and discharge.

    EU-Startups ↗
  • Neu Battery Materials$7.6m (reported)13 Oct 2026

    Recycles lithium iron phosphate batteries to recover the materials inside them, from a plant in Singapore handling 1,300 tonnes a year.

    Tech in Asia ↗
  • Boldr$5m (reported)24 Aug 2026 · GB

    Smart thermostats and software that turn home heating and cooling systems into flexible capacity for the power grid.

    Tech.eu ↗
  • Metris Energy€4.4m (reported)21 Sept 2026 · GB

    Pulls the data from wind, solar and battery sites into one place, with an AI interface doing work operations teams did by hand.

    EU-Startups ↗
  • Rebaba$4.6m (reported)9 Sept 2026 · SE

    Builds battery storage systems out of batteries taken from used electric vehicles.

    Tech.eu ↗
  • Furo€3.4m (reported)11 Sept 2026 · DE

    Software for running battery storage at factories and other industrial sites so that the batteries pay their way.

    EU-Startups ↗
  • AcouBatt£1.1m (reported)16 Sept 2026 · GB

    Tests batteries on the production line using sound, to catch faults before the cells reach a customer.

    Tech.eu ↗

Defence & national security

12 companies$604.3m reported · 10 of 12 disclosed

Companies selling into defence ministries — including dual-use businesses that lead with that customer.

  • Cambridge Aerospace$300m (reported)10 Aug 2026 · GB

    Builds low-cost interceptor missiles for European and allied militaries.

    EU-Startups ↗
  • Warhound$200m (reported)22 Oct 2026

    Genetically engineers dogs for military and police work and fits them with Anduril equipment.

    TechCrunch ↗
  • Beyond Vision€28m (reported)22 Oct 2026 · PT

    Makes drones and other unmanned vehicles, selling to civilian and military buyers alike.

    EU-Startups ↗
  • HEOAUD 37m (reported)21 Sept 2026 · AU

    Photographs other satellites while they are in orbit, so operators and defence agencies can see what is up there.

    Startup Daily ↗
  • INLEAP Photonics€20m (reported)1 Sept 2026 · DE

    Laser systems that bring down drones, sold to defence and critical-infrastructure operators.

    Tech.eu ↗
  • Buntar Aerospace$16m (reported)5 Oct 2026 · UA

    Builds autonomous aircraft systems for military use, developed under wartime conditions in Ukraine.

    Tech.eu ↗
  • FuVeX€3m (reported)5 Aug 2026 · ES

    Drone technology built for both civilian and military uses.

    Tech.eu ↗
  • DOD Solution€1.8m (reported)28 Sept 2026 · EE

    Onboard software that lets military drones and other unmanned vehicles navigate and act without someone flying them.

    EU-Startups ↗
  • Arke Telekom€1m (reported)22 Oct 2026

    Communications kit that keeps drones connected, built for defence buyers.

    Tech.eu ↗
  • Freya Industries€533k (reported)14 Sept 2026 · SE

    Low-cost smart sensors that detect drones, sold to security and defence customers.

    EU-Startups ↗
  • Monavaamount undisclosed4 Aug 2026

    Uses acoustic sensors to detect and track drones for security and defence.

    Tech.eu ↗
  • SpaceAMamount undisclosed17 Aug 2026 · GB

    Makes ultra-lightweight autonomous sensing systems for use in harsh defence and space environments.

    EU-Startups ↗

Construction & project bidding

10 companies$400.3m reported

Software for an industry that still runs on tenders and spreadsheets — finding the work, pricing it and winning it.

  • Gravis Robotics€172m (reported)17 Aug 2026 · CH

    Develops autonomous-driving technology for heavy construction machinery.

    EU-Startups ↗
  • Buildots$130m (reported)15 Sept 2026

    Uses 360-degree cameras worn on site managers' helmets to track how construction work is progressing.

    Tech in Asia ↗
  • Origin$20m (reported)15 Oct 2026

    Construction robots that carry out building-site work on their own.

    Inc42 ↗
  • Dream$17m (reported)29 Oct 2026 · US

    An AI model of how buildings behave, trained on permit records, so construction teams can test designs against real physics and codes.

    TechCrunch ↗
  • Cato€6m (reported)7 Sept 2026 · IT

    Software that helps companies find public-sector tenders, work out whether to bid, and put the bid together.

    Tech.eu ↗
  • conmeet€6m (reported)5 Aug 2026

    AI-powered operating system to help construction and trades businesses run projects.

    Tech.eu ↗
  • Strong by Form€5.8m (reported)9 Sept 2026 · ES

    Engineers wood into a high-strength building material meant to replace some of the concrete used in construction.

    Tech.eu ↗
  • Solvera$6.3m (reported)15 Oct 2026 · NO

    An engineering firm for the construction industry that does its design work with AI rather than by hand.

    Tech.eu ↗
  • reebuild€3m (reported)13 Oct 2026 · AT

    Automates the back-office paperwork and financial admin of construction and property companies.

    EU-Startups ↗
  • Volve$3m (reported)25 Aug 2026 · NO

    AI platform that helps construction companies manage tendering and preconstruction planning.

    Tech.eu ↗

Fleet & freight software

8 companies$481.3m reported

Running vehicles that carry goods — routing, utilisation, compliance and cost per mile.

  • Moove$250m (reported)5 Aug 2026

    Manages fleets of autonomous vehicles, including Waymo robotaxis, for ride-hailing operators.

    TechCrunch ↗
  • Hello Robotaxi$100m (reported)17 Sept 2026 · CN

    Runs a fleet of self-driving taxis, spun out as its own business from a Chinese mobility group.

    TechNode ↗
  • Yulu$93m (reported)12 Aug 2026 · IN

    Electric two-wheeler ride-sharing and fleet operator, expanding into full-size electric scooters.

    Inc42 ↗
  • Chargepoly€23m (reported)6 Aug 2026 · FR

    Electrification systems and charging infrastructure for heavy-duty commercial vehicle fleets.

    EU-Startups ↗
  • FRYTE Mobility€3.5m (reported)9 Sept 2026 · DE

    Software that coordinates charging for electric lorry fleets, linking logistics schedules with the energy supply.

    Tech.eu ↗
  • NeoFleet Capital€3.5m (reported)8 Oct 2026 · CY

    Finances fleets of taxis for professional drivers in emerging markets.

    EU-Startups ↗
  • Depotcharge€2.7m (reported)15 Sept 2026 · DE

    Shared charging depots where electric lorries from different haulage firms can recharge.

    Tech.eu ↗
  • Rightcharge£500k (reported)3 Sept 2026 · GB

    Manages the billing and payments for charging electric vehicle fleets.

    Tech.eu ↗

Giving robots senses

8 companies$329.7m reported · 4 of 8 disclosed

The sensors, chips and models that let a robot work out what it is touching or looking at, rather than following a fixed path.

  • Lyte$165m (reported)2 Sept 2026

    Sensors and perception software that let robots see and interpret what is around them.

    Crunchbase News ↗
  • PaXini¥1bn (reported)4 Aug 2026 · CN

    Makes tactile-sensing "skin" that gives robots a sense of touch.

    TechNode ↗
  • MoSense¥100m (reported)27 Oct 2026 · CN

    Electronic skin that gives a robot a sense of touch across its whole body.

    TechNode ↗
  • TacnIQ.ai$1.5m (reported)22 Sept 2026 · SG

    Touch sensing for robots, built on thousands of hours of recorded tactile data so machines can judge what they are handling.

    Tech in Asia ↗
  • CyboPalamount undisclosed27 Oct 2026 · CN

    A small desktop robot that gives a personal AI assistant a body, with movement and vision, alongside the user's computer.

    TechNode ↗
  • Huixi Technologyamount undisclosed23 Oct 2026 · CN

    Designs the chips that handle a robot's perception and movement control.

    TechNode ↗
  • Jingji Intelligentamount undisclosed21 Oct 2026 · CN

    Robots that clean vertical surfaces, countertops and bathroom fixtures, using force control to judge their touch.

    TechNode ↗
  • Matrix Innovationamount undisclosed12 Oct 2026 · CN

    Makes touch sensors, including gloves that record how human hands handle objects so robots can learn from it.

    TechNode ↗

Warehouse & factory robots

7 companies$122.8m reported · 6 of 7 disclosed

Machines that move, pick and handle physical goods inside warehouses, factories and fulfilment centres.

  • PsiBot$100m (reported)28 Aug 2026 · CN

    Robots with hands dexterous enough to pick up and manipulate objects, from a Chinese embodied-AI company.

    TechNode ↗
  • Inbolt€11m (reported)30 Sept 2026 · FR

    Gives factory robots eyes and reflexes, so an arm can adjust to a part that is not quite where it was expected instead of stopping.

    EU-Startups ↗
  • Bleu Robotics€5m (reported)29 Oct 2026 · FR

    AI that teaches an industrial humanoid robot a new task from only a handful of demonstrations.

    EU-Startups ↗
  • Motion€1.7m (reported)27 Aug 2026 · BE

    Rents humanoid robots to warehouses and factories by the month instead of selling them outright.

    EU-Startups ↗
  • Logibot€1.4m (reported)17 Sept 2026 · BE

    Rents out humanlike warehouse robots by the shift, with the software layer that tells them what to do — a temp agency for robots.

    Tech.eu ↗
  • O-ID$1.2m (reported)24 Sept 2026 · JP

    Builds humanoid robots out of interchangeable modules, aimed at factory and warehouse work.

    Tech.eu ↗
  • RobCoamount undisclosed5 Oct 2026 · DE

    Modular industrial robots that smaller manufacturers can reconfigure for different jobs on their own factory floor.

    EU-Startups ↗

Medical devices

6 companies$174.9m reported · 5 of 6 disclosed

Regulated physical hardware used in the delivery of care.

  • NeuroXess¥700m (reported)28 Oct 2026 · CN

    Brain implants that read signals through flexible electrodes and send them out wirelessly, now heading into multi-site trials.

    TechNode ↗
  • Scarlet$50m (reported)12 Oct 2026

    A certification body that signs off AI and software-based medical devices so they can legally be sold.

    Tech.eu ↗
  • adsilico£10m (reported)26 Oct 2026 · GB

    Tests medical devices on simulated virtual patients, so a device can be tried on body types a real trial would miss.

    Tech.eu ↗
  • MintNeuro$5m (reported)7 Oct 2026 · GB

    Designs chips small and frugal enough to sit inside neural implants and wearable devices.

    Tech.eu ↗
  • Phosphoenix€1.3m (reported)18 Sept 2026 · NL

    An implant that stimulates the brain directly to give some sight back to people who are profoundly blind.

    EU-Startups ↗
  • Strolllamount undisclosed3 Sept 2026 · GB

    Augmented-reality software, regulated as a medical device, used to rehabilitate people with neurological conditions.

    EU-Startups ↗

Humanoid robots

5 companies$968.7m reported

Robots built in roughly human shape, so they can work in buildings and with tools designed for people.

  • XPeng Robotics$900m (reported)25 Aug 2026 · CN

    Develops humanoid robots, spun out from EV maker XPeng.

    TechNode ↗
  • Mecka AI$60m (reported)7 Oct 2026

    Pays people to record themselves doing everyday tasks, and sells the motion data to train humanoid robots.

    TechCrunch ↗
  • Bleu Robotics€5m (reported)29 Oct 2026 · FR

    AI that teaches an industrial humanoid robot a new task from only a handful of demonstrations.

    EU-Startups ↗
  • Motion€1.7m (reported)27 Aug 2026 · BE

    Rents humanoid robots to warehouses and factories by the month instead of selling them outright.

    EU-Startups ↗
  • O-ID$1.2m (reported)24 Sept 2026 · JP

    Builds humanoid robots out of interchangeable modules, aimed at factory and warehouse work.

    Tech.eu ↗

AI for online shopping

5 companies$293.1m reported

Helping a shopper find the right thing, and helping the retailer describe it — search, listings and product data.

  • Tabby$233m (reported)15 Sept 2026 · AE

    Buy-now-pay-later payments that let shoppers in the Gulf pay for purchases over time.

    Tech in Asia ↗
  • Boldfit₹4bn (reported)12 Oct 2026 · IN

    Sells its own fitness gear and sportswear straight to shoppers online, and is now opening physical stores.

    Inc42 ↗
  • Ace Blend$9.9m (reported)29 Oct 2026 · IN

    Sells nutrition and dietary supplements direct to shoppers online, and is now paying for clinical trials of them.

    Inc42 ↗
  • Theater₹750m (reported)10 Sept 2026 · IN

    A fashion and accessories brand that sells direct to shoppers online and is now opening physical stores in Indian cities.

    Inc42 ↗
  • FLTRD€500k (reported)29 Oct 2026

    An app that tells shoppers how heavily processed the food in front of them is.

    Tech.eu ↗

Electric vehicle manufacturing

5 companies$57.9m reported

Building electric vehicles, as opposed to the software or charging around them.

  • Yuma Energy$35m (reported)1 Sept 2026 · IN

    Runs a network of stations where electric-vehicle riders swap a flat battery for a charged one instead of waiting to recharge.

    Inc42 ↗
  • Matel Motion & Energy Solutions₹1.3bn (reported)3 Aug 2026 · IN

    Manufactures components for electric vehicles.

    Inc42 ↗
  • Rebaba$4.6m (reported)9 Sept 2026 · SE

    Builds battery storage systems out of batteries taken from used electric vehicles.

    Tech.eu ↗
  • Zenergize$4m (reported)1 Sept 2026 · IN

    Manufactures charging equipment for electric vehicles.

    Inc42 ↗
  • Rightcharge£500k (reported)3 Sept 2026 · GB

    Manages the billing and payments for charging electric vehicle fleets.

    Tech.eu ↗

Quantum computing

4 companies$109.9m reported

Computers built on quantum states rather than transistors, and the control hardware around them.

  • Universal Quantum$100m (reported)8 Oct 2026 · GB

    Building large quantum computers out of linked modules, from a University of Sussex spinout.

    Tech.eu ↗
  • ColibriTD€4m (reported)27 Aug 2026 · FR

    Software that runs engineering physics simulations on quantum computers.

    EU-Startups ↗
  • S-Transistors€2.6m (reported)31 Aug 2026 · FI

    Building integrated circuits out of superconducting transistors, aimed first at controlling and reading the signals inside quantum computers.

    EU-Startups ↗
  • RhymeQ$2.2m (reported)22 Oct 2026

    Tools that make writing software for quantum computers simpler than it is today.

    Tech.eu ↗

Servicing craft in orbit

4 companies$57.7m reported

Refuelling, repositioning and powering satellites that are already up there, instead of replacing them.

  • HEOAUD 37m (reported)21 Sept 2026 · AU

    Photographs other satellites while they are in orbit, so operators and defence agencies can see what is up there.

    Startup Daily ↗
  • Neuraspace€15.6m (reported)5 Aug 2026 · PT

    AI software that tracks satellites and debris to help prevent collisions in orbit.

    Tech.eu ↗
  • InspeCity₹1bn (reported)27 Aug 2026 · IN

    Spacecraft that service other satellites in orbit, with four missions planned over the next 12 to 18 months.

    Tech in Asia ↗
  • Blackswan Space€2.5m (reported)30 Sept 2026 · LT

    Lets a spacecraft steer itself close to another object in orbit without a ground crew flying it.

    Tech.eu ↗

Making AI cheaper to run

3 companies$314.5m reported · 2 of 3 disclosed

Cutting the cost of answering each request once a model is live — compression, serving infrastructure and the arithmetic of inference, as distinct from training.

  • OLIX€270.5m (reported)3 Aug 2026 · GB

    Designs specialised silicon chips to replace general-purpose GPUs for AI inference workloads.

    EU-Startups ↗
  • KantokoAUD 3.5m (reported)13 Aug 2026

    Offers online care to make ADHD diagnosis and treatment faster and cheaper.

    Startup Daily ↗
  • Groqamount undisclosed17 Aug 2026 · US

    Designs AI inference chips for running AI models efficiently.

    Tech in Asia ↗

Launch & space infrastructure

3 companies$214.1m reported

Getting mass off the ground, and the vehicles and ground systems that do it.

  • i-Space¥1bn (reported)5 Aug 2026 · CN

    Builds and launches reusable rockets for commercial spaceflight.

    TechNode ↗
  • HyImpulse€50m (reported)2 Sept 2026 · DE

    Builds small rockets for suborbital and orbital launches.

    Tech.eu ↗
  • MuRay€7.1m (reported)29 Oct 2026 · DE

    Uses muons to look inside rocket engines and turbines, reaching places X-ray inspection cannot.

    Tech.eu ↗

Solar

3 companies$42.7m reported

Generating power from sunlight, and the businesses that finance, fit and maintain it.

  • GridsightAUD 36m (reported)1 Sept 2026 · AU

    Software that finds spare capacity hiding in overloaded electricity distribution networks, so more solar and EV charging can connect without new wires.

    Startup Daily ↗
  • Naked Energy£8.9m (reported)6 Aug 2026 · GB

    Solar-thermal panels that generate renewable heat directly at the point of use.

    EU-Startups ↗
  • Metris Energy€4.4m (reported)21 Sept 2026 · GB

    Pulls the data from wind, solar and battery sites into one place, with an AI interface doing work operations teams did by hand.

    EU-Startups ↗

AI-designed materials

3 companies$11.9m reported

Using models to propose new physical materials — catalysts, sorbents, alloys — instead of discovering them by trial in a lab.

  • Discovered Materials$9m (reported)11 Aug 2026 · IN

    Uses AI to discover new materials for semiconductor manufacturing.

    Inc42 ↗
  • SyncrowinAUD 3m (reported)19 Oct 2026

    AI that watches factory equipment to catch breakdowns and wasted material before they happen.

    Startup Daily ↗
  • HexSeed Technology£600k (reported)21 Aug 2026 · GB

    Develops a diamond-coating material that stops AI computer chips from overheating.

    UKTN ↗

Compact nuclear reactors

2 companies$1.1bn reported

Small reactors built in a factory and shipped to where the power is needed, rather than constructed once, on site, as a bespoke power station.

  • Valar Atomics$1bn (reported)4 Aug 2026 · US

    Builds compact nuclear fission reactors; its Ward 250 unit reached criticality in Utah under a US Department of Energy pilot program.

    Tech in Asia ↗
  • Bluecore Energy$50m (reported)8 Sept 2026 · US

    Portable nuclear reactors built on barges, to be towed to wherever power is needed.

    TechCrunch ↗

AI on the phone

2 companies$217.1m reported

Machines handling spoken customer conversations — sales calls, support lines and booking, without a person on our end.

  • HappyRobot$150m (reported)4 Aug 2026

    AI voice agents that automate calls and coordination for supply-chain and logistics teams.

    Tech.eu ↗
  • Omilia€58.1m (reported)7 Aug 2026 · CY

    AI-powered customer-service software that runs automated conversations for enterprise contact centres.

    EU-Startups ↗

Software supply-chain security

2 companies$150m reported · 1 of 2 disclosed

Checking the code a company depends on but did not write — the open-source packages that reach production unread.

  • HappyRobot$150m (reported)4 Aug 2026

    AI voice agents that automate calls and coordination for supply-chain and logistics teams.

    Tech.eu ↗
  • Platteramount undisclosed7 Aug 2026 · GB

    Software that runs food supply chains for suppliers, wholesalers and manufacturers.

    Tech.eu ↗

Cancer therapeutics

2 companies$141.4m reported

Drugs aimed at tumours — including immunotherapies that recruit the patient's own immune system.

  • Nouscom€120m (reported)19 Oct 2026 · CH

    Developing off-the-shelf cancer immunotherapies that train the immune system to attack mutations found in tumours.

    EU-Startups ↗
  • SpectaCell€6m (reported)9 Oct 2026 · BE

    Analyses cells for teams developing cell-based immunotherapies. It is a spin-out of imec, VIB and Ghent University.

    EU-Startups ↗

Property software

2 companies$33.5m reported

The software estate agents, landlords and property managers run their business on.

  • Vesta$30m (reported)8 Oct 2026

    Software that runs a mortgage lender's application process using teams of AI agents.

    TechCrunch ↗
  • RentBetterAUD 5m (reported)25 Sept 2026 · AU

    Software that lets landlords advertise, let and manage a rental property themselves instead of paying a letting agent.

    Startup Daily ↗

Diagnostics at the bedside

2 companies$9.3m reported

Getting a diagnostic answer where the patient is, in minutes, rather than sending a sample to a laboratory.

  • Sunfox Technologies$7m (reported)7 Oct 2026 · IN

    Runs Spandan, a cardiac diagnostics platform for spotting heart problems.

    Inc42 ↗
  • Holifya€2m (reported)1 Sept 2026 · IT

    An online clinic treating obesity with prescription weight-loss drugs alongside diagnostic testing.

    Tech.eu ↗

Recovering & reusing materials

2 companies$8.5m reported

Pulling valuable materials back out of waste streams and industrial by-products so they do not have to be mined or made again.

  • Neu Battery Materials$7.6m (reported)13 Oct 2026

    Recycles lithium iron phosphate batteries to recover the materials inside them, from a plant in Singapore handling 1,300 tonnes a year.

    Tech in Asia ↗
  • Metal Morph£700k (reported)13 Aug 2026 · GB

    Recovers valuable metals and chemicals from industrial wastewater instead of letting them go to sewer.

    UKTN ↗

Energy from farm waste

2 companies$7.8m reported

Turning crop residue and agricultural by-products into gas or fuel, rather than leaving them in the field.

  • Ki 13$5m (reported)2 Sept 2026 · GB

    Splits biomass using electricity to make cheaper synthetic fuels, and is building a first industrial pilot plant.

    Tech.eu ↗
  • Neela Biotech£2.1m (reported)8 Oct 2026 · GB

    Turns food, farm and forestry waste into jet fuel, moving from the lab to trials at a working biogas plant.

    UKTN ↗

Counter-drone defence

2 companies$616k reported · 1 of 2 disclosed

Spotting and stopping hostile unmanned aircraft — one of the fastest-moving lines of European defence procurement.

  • Freya Industries€533k (reported)14 Sept 2026 · SE

    Low-cost smart sensors that detect drones, sold to security and defence customers.

    EU-Startups ↗
  • Monavaamount undisclosed4 Aug 2026

    Uses acoustic sensors to detect and track drones for security and defence.

    Tech.eu ↗

📣 Share the Podium

A ready-made post with the leading lanes and who is in them, plus anyone who joined one this week. Copy it, or open a platform and paste.

Share on X

X pre-fills the post. LinkedIn can't pre-fill text, so Copy + open LinkedIn copies it for you — just paste (Ctrl/Cmd+V) into the box that opens; the link still shows its preview card. Putting the link in the first comment instead of the body often gets more reach.

How this is built

The lanes are written, not discovered

We hold a list of 36 ideas and the words that identify each one, and a company joins a lane when our one-line description of it matches. The alternative — letting an algorithm group the descriptions by shared vocabulary — was built first and thrown away: it proposed a lane called “scale” containing a farm-waste plant, a gene-therapy company and a quantum computer, and it merged AI agents with estate agents. A machine still proposes candidates; a person decides what gets a name.

One company, one vote

The count is of companies, never of news stories. A round reported by two outlets on two days is one company in one lane. Money is the sum of what each company's most recent report said — never added up across repeat sightings, which would inflate it.

Why there are no percentages

A company can be in two lanes at once — a payments rail built for AI agents is both. That is deliberate, and it means there is no total to take a share of. So this page counts and adds, and never says “X% of deals”. The eighteen sectors are the mutually-exclusive classification; these are not.

When we refuse to rank

Medals need enough companies in the window that a quiet fortnight cannot reorder the table, and enough lanes with 3 or more companies that coming first means something. Below either, the lanes are still listed — as a tally, with no medals and no ranking claim.

The list of lanes grows as the market shows us new ones, and this table is recomputed from it every time the site is rebuilt — so adding a lane can make it appear in past windows too. That is the honest behaviour (the companies were always there; we had no name for what they shared), but it means this is a live view and not a fixed historical record. Lexicon v1, 36 lanes.

Every figure is what a news outlet reported, not a verified or audited number. Rounds tagged “rumoured” are excluded entirely. This page is general information — not investment advice, and not a recommendation of any company on it. Spotted a lane we have missed, or a company in the wrong one? Tell us.