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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 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 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
Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up
Ann O’Dea · 2026-07-03 · via Start-ups – Silicon Republic

From left: Melissa Feddis and Kevin Burke, Enterprise Ireland; Frank Smyth, CTO and co-founder, Pilot Photonics; Minister Peter Burke, TD; William Oppermann, CEO, Pilot Photonics

The Dublin company’s patented photonic chip technology generates ultra-pure wireless signals for AI data centres, satellite communications and next-generation mobile networks.

Dublin-based integrated photonics company Pilot Photonics has been approved for a recommended investment of up to €10.4m from the Horizon Europe European Innovation Council (EIC) Accelerator, one of Europe’s most competitive deep tech funding programmes.

The company has developed patented photonic chip technology that it said uses laser light to generate extremely pure wireless signals, built for AI data centres, satellite communications, and 5G and 6G mobile networks.

Photonic circuits offer greater power efficiency, higher bandwidth signal processing and capabilities that conventional electronics cannot replicate, according to the company.

Demand for photonic integrated circuits is already accelerating across two key sectors. Data servers have adopted the technology to meet the bandwidth demands of AI, while the commercial space industry has turned to photonic chips to cut the size, weight and power consumption of its systems. Pilot Photonics said it has secured validation from leading international customers in both markets.

The integration of photonic components into compact, production-scalable chips is also said to be lowering the barrier to entry for industries that depend on these capabilities, making the technology commercially as well as technically significant.

The EIC Accelerator funding will support the company’s next phase of growth, covering product qualification, high-volume manufacturing, and team expansion in Ireland and internationally.

William Oppermann, CEO of Pilot Photonics, said being selected by the EIC was “a major endorsement of Pilot Photonics’ technology, team and commercial ambition”.

“This support gives us the platform to move from breakthrough innovation to industrial scale-up, building a stronger team in Ireland, qualifying our products for global customers and establishing the supply chain required to compete internationally,” he said.

Minister for Enterprise, Tourism and Employment Peter Burke, TD described the investment as “a testament to the innovation and dedication of the Pilot Photonics team”, pointing to the company’s contribution to Europe’s digital sovereignty across 6G, satellite systems and secure communications.

Enterprise Ireland, which leads the National Support Network for Horizon Europe in Ireland, supported Pilot Photonics through its EIC National Contact Point Support team. Kevin Burke, national director for Horizon Europe at Enterprise Ireland, said the award was “international recognition of the breakthrough nature of Pilot Photonics’ technology” and the team’s progress in bringing products to market.

The EIC Accelerator is part of the EU’s Horizon Europe 2021 to 2027 Research and Innovation Programme. It provides deep tech start-ups and scale-ups with a blended finance package combining grant funding of up to €2.5m and equity investment ranging from €500,000 to €10m.

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