Five new unicorns joined the ranks, underscoring the continent’s growing clout in fintech, edtech, and more. Aikido Security, Osapiens, Preply, Harmattan AI, and Cast AI all crossed the $1 billion valuation mark. Their accomplishments are a testament to incredible creativity and determination in an intensely pressurized competitive environment.
Aikido Security, a Belgium-based cybersecurity startup, became the newest unicorn after their successful $60 million Series B funding round. This funding will enable the company to expand its platform and continue leading the industry by unifying security across the full software lifecycle. Over 100,000 teams globally use the platform on an active basis. This popularity is a testament to how it has proven effective in tackling our biggest cybersecurity challenges.
Osapiens, a German environmental, social, and governance (ESG) software developing company. Their potential was recently recognized with a $100 million Series C funding round, led by Decarbonization Partners. With this latest round, Osapiens’ valuation exceeded $1.1 billion. Founded in Mannheim in 2018, the company now serves more than 2,400 customers globally, including large multinational corporations that rely on its software to meet compliance and sustainability goals.
Aikido Security: A New Force in Cybersecurity
Aikido Security has catapulted to unicorn status. This success is exemplary of a larger potential for European tech firms to compete on a global stage. The startup’s innovative approach to cybersecurity resonates particularly well in an industry often dominated by established players from Palo Alto and Tel Aviv.
“In an industry dominated by Palo Alto and Tel Aviv heavyweights, Aikido shows that Europe can build a world-class software security company and win globally.” – Aikido team
Such affirmation from the Aikido team is a major signal of intent and commitment toward making Europe a global leader in cybersecurity innovation. The funding is sure to accelerate investments in technology, creating jobs at home, and expanding us into new markets. This transition will assist Aikido in enhancing its reputation as a proven trusted provider of cybersecurity solutions.
Osapiens: Leading the Charge in ESG Solutions
Osapiens’ remarkable funding round stands as a testament to the rising significance of ESG factors among organizations globally. As organizations navigate regulatory requirements and consumer expectations regarding sustainability, Osapiens equips them with robust tools to manage their ESG performance effectively.
The company’s incredible growth highlights a larger trend within the technology sector, where companies that lead with sustainability are emerging victorious. Osapiens strength as a customer base and a huge valuation. This puts the company in the catbird seat to benefit from the increasing focus on environmental, social, and governance issues in business.
Preply and Beyond: Language Learning and Cloud Optimization
With this round Preply has joined the young and ambitious global club of new unicorns. This 14-year-old, privately held language learning marketplace recently made news with a valuation north of $1.2 billion. The company employs 150 people in Ukraine and aims to utilize proceeds from its $150 million Series D round to recruit more AI talent across its four offices. This introduction demonstrates Preply’s vision to provide a powerful blend of human connection and leading technology to deliver the most rewarding, engaging learning experience for users.
French defense tech company Harmattan AI just announced a $1.4 billion valuation. This remarkable milestone follows their announcement of five-times revenue growth and almost three-times customer growth in the last year. This tremendous growth trajectory is a direct result of the growing demand for innovative, agile, and accessible defense solutions.
Cast AI, which is based in Lithuania but has a large office in Vilnius, has experienced amazing growth. As a result of a recent PAV-led round that valued the company at over $1 billion, PAV celebrated its first unicorn. The cloud optimization company is uniquely and perfectly positioned to assist all businesses optimize their cloud financial spending at enterprise levels while achieving expected transformation efficiency.
Lovable: A Growing Presence in the Coding Space
Though technically based in Delaware, Lovable takes a whole lot of creative inspiration from Stockholm’s dynamic startup culture. The coding startup has recently crossed $300 million in annual recurring revenue, marking a substantial achievement in its growth journey. Lovable is working on making that success an everyday thing. It’s going to be a tremendous release for providing developers with new, cutting edge solutions!