Unicorn alert

Companies that could reach a €1B valuation in the next 12 months

European deep tech companies valued between €250M and €1B that raised equity in the last 24 months, ranked by post-money valuation. 0 valuations are published; the rest are estimated from the size of the latest round and marked as estimates (see how below). Companies already valued at €1B or more, and those that have exited, are not listed. All figures in euros (1.14 USD = 1 EUR).

Last updated

#CompanyLocationLatest roundValuation (post-money)Investors
1Verda logoVerdaFull-stack AI cloud on renewable energyFinlandHelsinkiSeries B2026-09-22~€995MEstimateMembers only
2Basecamp Research logoBasecamp ResearchAI frontier models for therapeutic designUnited KingdomLondonSeries C2026-09-23~€982MEstimateMembers only
3Nouscom logoNouscomOff-the-shelf neoantigen cancer vaccinesSwitzerlandBaselSeries D2026-10-19~€960MEstimateMembers only
4QuantWare logoQuantWareIndustrial-scale superconducting quantum processorsNetherlandsDelftSeries B2026-05~€937MEstimateMembers only
5Sateliot logoSateliotLEO satellite 5G IoT connectivitySpainBarcelonaSeries C2026-04-17~€928MEstimateMembers only
6Reverion logoReverionReversible fuel cell power plantsGermanyEresingSeries B2026-09~€921MEstimateMembers only
7Kraken Technology Group logoKraken Technology GroupAutonomous uncrewed surface vessels for defenceUnited KingdomFarehamSeries B2026-07-09~€921MEstimateMembers only
8Euclyd logoEuclydUltra-efficient AI inference silicon and systemsNetherlandsEindhovenSeries A2026-09-15~€900MEstimateMembers only
9Onodrim Industries logoOnodrim IndustriesEuropean defence industrial scale-up platformNetherlandsAmsterdamSeries A2026-09~€900MEstimateMembers only
10D-Orbit logoD-OrbitSpace logistics and orbital transportation servicesItalyFino MornascoSeries D2026-01~€880MEstimateMembers only
11PLD Space logoPLD SpaceReusable small satellite launch vehiclesSpainElcheSeries C extension2026-09~€864MEstimateMembers only
12Skeleton Technologies logoSkeleton TechnologiesPower systems for AI data centersEstoniaTallinnGrowth2026-10~€800MEstimateMembers only
13Ecorobotix logoEcorobotixAI plant-by-plant precision sprayingSwitzerlandYverdon-les-BainsSeries D2025-10-13~€737MEstimateMembers only
14RobCo logoRobCoModular autonomous industrial robots as-a-serviceGermanyMunichSeries C2026-01-29~€702MEstimateMembers only
15Auterion logoAuterionOperating system for autonomous drone swarmsSwitzerlandZurichSeries B2025-09~€684MEstimateMembers only
16Salience Labs logoSalience LabsAll-optical circuit switches for AI datacentersUnited KingdomOxfordSeries B2026-10-14~€658MEstimateMembers only
17Ferroelectric Memory Company logoFerroelectric Memory CompanyFerroelectric memory chips for AI data centresGermanyDresdenSeries C2025-11-13~€616MEstimateMembers only
18Sereact logoSereactVision-Language-Action AI for warehouse robotsGermanyStuttgartSeries B2026-07~€611MEstimateMembers only
19PolyAI logoPolyAIVoice AI agents for enterprise customer serviceUnited KingdomLondonSeries D2025-12-15~€604MEstimateMembers only
20Humanoid logoHumanoidIndustrial humanoid robots for manufacturingUnited KingdomLondonSeries A2026-07-21~€600MEstimateMembers only
21Frankenburg Technologies logoFrankenburg TechnologiesAffordable mass-manufacturable guided missile systemsEstoniaTallinnSeries B2026-06~€600MEstimateMembers only
22SiPearl logoSiPearlSovereign high-performance energy-efficient European CPUsFranceMaisons-LaffitteSeries A2025-07~€585MEstimateMembers only
23Quobly logoQuoblyIndustrial silicon quantum computersFranceGrenobleSeries A2026-06-03~€518MEstimateMembers only
24Quobly logoQuoblySilicon spin-qubit quantum computersFranceGrenobleSeries A2026-06-03~€518MEstimateMembers only
25Nabla logoNablaAmbient AI documentation for cliniciansFranceParisSeries C2025-06-17~€491MEstimateMembers only
26Callosum logoCallosumAI inference orchestration across chipsUnited KingdomLondonSeed2026-08-20~€482MEstimateMembers only
27Cailabs logoCailabsOptical ground stations for laser communicationsFranceRennesGrowth2025-09-12~€456MEstimateMembers only
28Nyobolt logoNyoboltUltra-fast charging, high-power battery systemsUnited KingdomCambridgeSeries C2026-05-06~€421MEstimateMembers only
29QuantumDiamonds logoQuantumDiamondsQuantum diamond sensing for chip inspectionGermanyMunichSeries A2026-07~€410MEstimateMembers only
30Skyrora Limited logoSkyrora LimitedSmall satellite launch vehicles and enginesUnited KingdomGlasgowAngel2025-11~€407MEstimateMembers only
31Universal Quantum logoUniversal QuantumModular trapped-ion quantum computersUnited KingdomHaywards HeathSeries A2026-10-08~€395MEstimateMembers only
32Cradle logoCradleAI platform for protein engineeringNetherlandsAmsterdamSeries B2024-11-26~€384MEstimateMembers only
33Orca AI logoOrca AIAI-powered maritime situational awareness platformUnited KingdomLondonSeries B2025-05~€382MEstimateMembers only
34AnaCardio logoAnaCardioOral drugs that boost heart contractilitySwedenSolnaSeries B2026-09-30~€375MEstimateMembers only
35OMass Therapeutics logoOMass TherapeuticsSmall-molecule drugs via native mass spectrometryUnited KingdomOxfordSeries C2026-10~€374MEstimateMembers only
36Blykalla logoBlykallaLead-cooled small modular nuclear reactorsSwedenStockholmGrowth2026-07-07~€352MEstimateMembers only
37ORCA Computing logoORCA ComputingPhotonic quantum computers for AIUnited KingdomLondonGrowth2026-08~€351MEstimateMembers only
38Starship Technologies logoStarship TechnologiesAutonomous sidewalk delivery robotsEstoniaTallinnSeries C2025-10~€351MEstimateMembers only
39Orbem logoOrbemAI-powered MRI for food & biologyGermanyMunichSeries B2025-01~€333MEstimateMembers only
40DeltaQuad logoDeltaQuadBattlefield-proven fixed-wing VTOL ISR dronesNetherlandsDuivendrechtGrowth2026-02-19~€323MEstimateMembers only
41Automata Technologies logoAutomata TechnologiesAI-ready lab automation platformUnited KingdomLondonSeries C2026-01-29~€316MEstimateMembers only
42Breye Therapeutics logoBreye TherapeuticsOral therapies for diabetic retinopathyDenmarkHørsholmSeries A2026-09-29~€304MEstimateMembers only
43Zama logoZamaFHE-based confidential onchain financeFranceParisSeries B2025-06-25~€300MEstimateMembers only
44Marvel Fusion logoMarvel FusionLaser-driven inertial fusion power plantsGermanyMunichSeries B2025-03~€300MEstimateMembers only
45NVision Quantum Technologies logoNVision Quantum TechnologiesMolecular qubits and quantum-enhanced MRIGermanyUlmSeries B2026-05~€289MEstimateMembers only
46Maxion Therapeutics logoMaxion TherapeuticsAntibody drugs for ion channel diseasesUnited KingdomCambridgeSeries A2025-03-17~€284MEstimateMembers only
47Sensofusion logoSensofusionPassive drone detection and C-UAS systemsFinlandVantaaSeries B2025-12~€270MEstimateMembers only
48microagi logomicroagiRobotics deployment platform for factoriesGermanyMunichSeed2026-07-16~€265MEstimateMembers only
49Orbital Industries logoOrbital IndustriesAI-driven advanced materials & industrial hardwareUnited KingdomLondonSeries B2026-05-28~€263MEstimateMembers only
50Manna Air Delivery logoManna Air DeliveryAutonomous drone delivery for everyday essentialsIrelandDublinSeries B2026-04-01~€263MEstimateMembers only
51Argive logoArgive3D-printed microturbine jet engines for dronesUnited KingdomYarntonSeries B2025-03~€260MEstimateMembers only
52Entrix logoEntrixAI-powered battery storage optimization platformGermanyMunichSeries B2026-03~€258MEstimateMembers only
53eleQtron logoeleQtronTrapped-ion quantum computers via MAGIC technologyGermanySiegenSeries A2026-05~€257MEstimateMembers only

How valuations are estimated

All valuations are post-money. Where a valuation has been published for the latest round, it is shown as reported. Where none has been published, we estimate it as a multiple of the latest round's size, based on the stage:

Stage of latest roundPost-money ÷ round size
Pre-seed5×
Seed5.5×
Series A4.5×
Series B6×
Series C & later8×

For example, a €50M Series B is estimated at a €300M post-money valuation. Estimates are a rough guide, not a reported figure.