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Start-ups – Silicon Republic

Samsung in talks to back France's Mistral at €20bn valuation - FT UK-based Humanoid secures $152m Series A funding Cambridge's CuspAI launches AI Materials Foundry, confirms $450m raise 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 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 Kota ranks ninth in Sifted’s 100 fastest-growing UK and Irish start-ups list 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
Irish space-tech Ubotica raises $11m to scale AI marine monitoring
Suhasini Srinivasaragavan · 2026-06-24 · via Start-ups – Silicon Republic

From left: Aubrey Dunne, Fintan Buckley and John Bourke. Image: Fergal Phillips

Ubotica has seen a ‘significant demand’ for its maritime intelligence platform over the past year, it said.

Irish space-tech Ubotica has raised $11m for its AI-powered platform used in maritime security, as countries around the world arm themselves with the latest to watch over their waters.

The round was led by Act Venture Capital and Greencode Ventures, with participation from existing investor Atlantic Bridge.

Ubotica offers satellites that make real-time decisions using AI. It has deployed more than 30 Earth observation models so far, ran “hundreds of thousands” of AI inferences and achieved a 100pc mission success rate, the company said.

The latest raise will be directed toward Ubotica’s live maritime intelligence platform, which enables governments and maritime agencies to detect emerging threats to critical infrastructure, including to undersea communications cables and offshore energy assets, across vast maritime territories in real time.

It works by combining orbital AI with autonomous ground-to-orbit tasking, to focus the available sensors on emerging activity, rather than relying on fixed satellite collection schedules and post-processing on Earth. Ubotica wants to bring the technology to market at scale.

The company has seen a “significant demand” for its maritime intelligence platform over the past year, it said, driven by Ubotica’s ability to enhance maritime surveillance across exclusive economic zones that are much larger than a nation’s landmass.

“Ubotica has spent years pioneering orbital AI, and we have applied that knowledge to one of the hardest security challenges on Earth – protecting vast maritime zones and critical offshore infrastructure,” said Fintan Buckley, the CEO of Ubotica Technologies.

“Live maritime intelligence predicts where risk is emerging, tasks the right satellites and sensors, and delivers decision-grade intelligence in minutes, giving security teams the speed and efficiency they need to act.”

Ubotica is a frequent collaborator with NASA and the European Space Agency, having delivered the first spacecraft to autonomously identify a target ahead and reorient itself to capture it.

Last month, the company announced a partnership with Texas-based Novi to combine its AI platform with Novi’s smart-satellite constellation to process Earth observation data directly onboard satellites.

“Ubotica has been running inference in orbit for years and transforms static Earth observation into live intelligence,” said Andrew O’Neill, principal at Act Venture Capital. O’Neill is also on Ubotica’s board.

“Nations can’t afford to wait hours for imagery while a vessel goes dark over critical infrastructure. Live maritime intelligence proves what on-board intelligence is worth – it turns Earth observation from a camera into a real-time sentinel, starting with Europe’s waters.”

Ubotica bagged the SpaceNews Icon Award for Space AI Partnership last December, alongside NASA JPL and Open Cosmos.

In April, the start-up announced a partnership with NASA for a test mission to demonstrate autonomous intelligent satellite networks.

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