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Start-ups – Silicon Republic

European start-ups have best quarter in four years, finds Crunchbase Munich-based fusion energy start-up Proxima raises €411m Limerick operations AI start-up WrxFlo raises €3m Jentic, Spryt, MenoPal among eight KPMG Global Tech Innovator nominees Dublin’s Everhaze secures €450k as AI assistant Lú launches in UK Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up Open AI’s Sarah Friar among backers of Tapestry VC’s new ‘repeat founder’ $80m Fund III Cork medtech NeuroBell bags $5.5m for its AI neonatal monitor CroíValve adds $20m to Series B, taking round to $36m Irish space-tech Ubotica raises $11m to scale AI marine monitoring Ireland's TensorX bags €8m to build sovereign AI infrastructure Paris-based AI company Tsuga raises $35m in Series A funding Two Irish start-ups accepted into Y Combinator's summer batch Irish sports-tech platform Hexis raises $2.1m in seed funding round Karb AI named Digital Start-up of the Year for Northern Ireland Scientific research start-up CuspAI to raise $400m with Jeff Bezos among backers - FT Nax Bioscience and Imragen top Irish Genomics Business Plan competition 7 Irish start-ups transforming the manufacturing floor Cork-based Trustap raises $10m ahead of new product launch OpenAI backs automation start-up Poetic in $50m round Swedish legal-tech Legora plans London and European expansion Dublin-based AI IP start-up Midnight Labs backed by Sony AI company PhysicsX raises $300m in Series C funding round Nvidia, Fei-Fei Li back Generalist’s $400m round to scale AI robotics Irish co-founded Wordsmith raises $70m, plans jobs in Ireland French quantum start-up Quobly bags €115m ahead of market debut Dublin's Fonoa raises $110m and snaps up PwC tax platform 319 Irish start-ups raised €992m in 2025, but funding cooled post Q1 Teacher-founded AI edtech Diotima spins out from Trinity VC funding of Irish SMEs falls 58pc in Q1, IVCA finds Dublin document automation start-up Better Futures raises €600,000 The Interview: Andreea Wade quits VC to fix AI’s invisible plumbing problem EU taps Sweden's EQT to manage major €5bn Scale-up Europe Fund 10 Irish medtech start-ups innovating the game Euan Blair’s edtech Multiverse valued at $2.1bn after $70m raise Dublin’s Lios gets renewed €2m ESA contract for its acoustic tech The Interview: Faye Walsh Drouillard on building an impact fund from Ireland Quantum start-up Algorithmiq raises €18m amid Milan move Europe’s $17bn tech quarter: AI, deep tech win as fintech slides Software company Barespace launches embedded finance platform EU-backed Kembara's first big bet is $160m Quantum Motion round Tissue repair therapy Substrato wins best pitch at EI Start-Up Day Enterprise Ireland pumped €33m into home-grown start-ups in 2025 German quantum computing start-up Eleqtron raises €57m Cork’s Nexalus teams with TuffTek for next-gen cooling systems What EU Inc really means for Europe’s start-ups – a legal view UK's IoT Tribe launches Dublin base with two new hires David Silver's Ineffable Intelligence raises $1.1bn Vinted hits €8bn valuation in oversubscribed €880m share sale Cohere buys Aleph Alpha to forge sovereign AI alternative to US Big Tech Swedish legal-tech Legora buys AI legal research start-up Qura Belfast’s Cloudsmith eyes ‘massive growth’ with $72m raise France's Univity raises €27m to allow European telecoms to compete with Starlink Stripe alum's Seapoint raises €7.5m as ‘financial home’ to start-ups Irish co-founded AI start-up Lua raises $5.8m Dublin tech company Vox Talk raises €1.35m in pre-seed round Irish-founded Ulysses raises $46m in rounds featuring A16Z Solidroad raises $25m as demand for QA product sparks fresh hiring Danish finance AI start-up Spektr raises $20m Dublin's Audrey AI closes $1.8m pre-seed funding round Dublin start-up Otel AI raises €2m to expand hotel AI platform Bull and Equal1 to advance next gen of hybrid quantum tech in Europe Dublin AI SaaS provider Apex B2B launches with €1.5m backing Medtech start-up Vertigenius raises €2.55m for US expansion Dublin start-up Zellor bags €850k for AI shopping assistant Irish co-founded Prism Layer out from stealth with $1m raise Galway-based AI start-up Octostar raises €6.1m Space-tech start-up Starcloud raises $170m to hit unicorn status Irish co-founded Icarus to test robot labour in space mission Quantum computing company IQM to fuel R&D with €50m investment French AI start-up Mistral raises $830m in debt Legal-tech start-up Harvey valued at $11bn after new raise of $200m Dublin's Grand raises $5m pre-seed for ‘real-world’ payment network Chip lithography start-up Lace raises $40m for tech development Bluesky reveals it quietly raised $100m Series B back in April 2025 Commission says EU Inc will be in place by end of 2026 ‘Vibe-coding’ start-up Replit raises $400m in Series D funding French insurtech Alan surges to €5bn valuation mark Legal AI start-up Legora hits $5.55bn valuation with latest raise More women founders raising funds, but deal sizes are down Cork insurtech Kayna raises €1.5m seed to fuel US, UK expansion
Kota ranks ninth in Sifted’s 100 fastest-growing UK and Irish start-ups list
Suhasini Srinivasaragavan · 2026-03-18 · via Start-ups – Silicon Republic

Protex AI, Altra, Barespace, Tines, Nory and CleverCards also made it to this year’s list.

Despite the usual London dominance in Sifted’s annual list of the 100 fastest-growing Irish and UK start-ups, Dublin’s Kota has managed to place in the top 10 this year.

The Irish insurance and employee benefits platform has made it to the ninth spot on the 2026 list, with a two-year revenue compound annual growth rate (CAGR) of more than 640pc. The four-year-old start-up last raised $14.5m in May 2025, taking its total raise to date to nearly $23m.

“This ranking is a reflection of the work we’ve done over the last three years building out our infrastructure and network of insurance and pension providers, and the value that lets us deliver to customers,” Kota said in a post on LinkedIn celebrating the ranking.

The company’s employee health insurance and benefits platform aims to empower start-ups and scaling organisations to automate and manage team benefits.

Others in this year’s list include the Dublin-based and Limerick-founded workplace safety start-up Protex AI, which secured $36m early last year to expand across the US. The 2021-founded company ranked 21 on the Sifted list with a CAGR of 313pc.

Protex’s AI-powered platform plugs into CCTV devices and uses computer vision to capture unsafe events autonomously. The start-up already has around 80 employees.

Meanwhile, care-tech start-up Altra placed number 41 with a CAGR of just above 200pc. Founded in 2019, the start-up has reached profitability. “This recognition reflects a real shift in the care sector,” the company said.

Food sector-focused AI start-up Nory has dropped seven spots since last year, reaching the 44th rank in this year’s list. The dual-headquartered start-up in Dublin and London raised $37m last September to drive expansion in the US. Nory has a two-year revenue CAGR of around 182pc.

While fintech CleverCards dropped 27 spots to the 54th rank on the 2026 list. Founded it 2019, CleverCards’s payments technology allows businesses and public sector organisations to create prepaid digital Mastercards and send them to anyone. The service was launched to market in 2023.

Dublin’s Barespace, which bills itself as the “operating system” for the hair and beauty industry, has made it to the 56th spot – the highest ranking seed start-up on the list.

Founded in 2022, the company has around 32 employees. Last September, it announced a €2.9m round to accelerate its UK and European expansion.

Irish automation unicorn Tines has climbed 12 positions on the list since last year, reaching the 70th spot with a CAGR of 136pc. The company, which has around 400 workers, recently announced 100 new jobs in Boston as demand for its AI tools rise in the US.

Founded in 2018, Tines reached unicorn status in February 2025 after a $125m Series C round. The company has raised $272m to date from investors including Goldman Sachs, SoftBank, Felicis, Addition, Accel, Blossom Capital and Lux Capital.

Irish entrants from the 2025 list that did not rank this year include e-SIM provider Holafly, VR simulation training provider VRAI, data company CitySwift, e-commerce financier Wayflyer, and AI copyright protection provider Ceartas.

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Updated, 11:35 am, 19 March, 2026: The article has been corrected to reflect that CleverCards is a fintech, not an insurtech.