Bulgaria is cementing its status as a Southeast European tech hub. A new list highlights 10 innovative Sofia-based startups, founded between 2022 and 2025, that are tackling everything from AI development to sustainable farming.
Data security startup Cyera has raised a $400 million Series F funding round, hitting a $9 billion valuation. This comes just six months after it was valued at $6 billion, highlighting explosive demand for tools that manage AI-related data risks.
After years of staying private, a massive wave of companies is expected to go public in 2026. This could force a long-overdue reckoning for the private equity industry, which has been promising returns on paper for years without having to prove them in the public markets.
A flash strike by over 200,000 delivery riders on New Year’s Eve has thrown India’s booming quick-commerce industry into chaos. The protest targets the core 10-minute delivery promise, demanding better pay and safety, just as investors grow wary of new labor codes. The model’s sustainability is now
Lux Capital has secured $1.5 billion for its ninth fund, the largest in the firm’s 25-year history. The raise comes despite a broader slump in new VC fund formation, highlighting investor confidence in Lux’s frontier tech thesis.
In a surprise move, MSCI has postponed its proposal to kick so-called digital asset treasury companies (DATCOs) out of its indexes. This gives firms like MicroStrategy, whose stock jumped 6% on the news, a crucial lifeline for now.
Biographica, a UK AI startup, has raised €8 million to apply drug discovery techniques to agriculture. Its platform aims to identify key genetic traits for crops in weeks, not years. The funding round was led by Faber VC.
Serial entrepreneurs Dillon Erb and Daniel Kobran have raised a $15 million pre-seed round to launch Autonomous, an AI-powered wealth strategist app. They aim to democratize financial strategies used by the ultrawealthy, like tax-loss harvesting with individual stocks.
xFusion, China’s top AI server provider, has hired Citic Securities to guide it toward an initial public offering. The move comes as AI-related stocks in China are seeing massive first-day pops, with indices up sharply. The company was spun off from Huawei in 2021.
Elon Musk’s xAI has secured a monumental $20 billion in new funding. The capital will accelerate its data center buildout and the development of its Grok AI models, which now reach 600 million users.
