The European AI Index 2026
Europe's 15 largest private AI companies as of May 2026. Combined valuation, country and category breakdowns, downloadable dataset (CC BY 4.0).
Helsing's reported $18B Series E (disclosed by Bloomberg on 9 May and TechCrunch on 11 May) had not closed as of this update. The headline ranking uses the confirmed $14.1B Series D figure from June 2025. We will update this page when the round closes.
| # | Company | HQ | Founded | Valuation | Total raised | Category |
|---|---|---|---|---|---|---|
| 1 | Helsing | 🇩🇪Munich | 2021 | $14.10B | $2.40B | Defence AI |
| 2 | Mistral AI | 🇫🇷Paris | 2023 | $13.70B | $3.05B | Foundation models |
| 3 | Wayve | 🇬🇧London | 2017 | $8.60B | $2.55B | Autonomous driving |
| 4 | Ineffable Intelligence | 🇬🇧London | 2025 | $5.10B | $1.10B | Foundation models / superintelligence |
| 5 | AMI Labs | 🇫🇷Paris | 2025 | $4.50B | $1.03B | World models |
| 6 | Recursive Superintelligence | 🇬🇧London | 2025 | $4.00B | $500M | Foundation models / superintelligence |
| 7 | Synthesia | 🇬🇧London | 2017 | $4.00B | $420M | Video / generative AI |
| 8 | Quantum Systems | 🇩🇪Gilching | 2015 | $3.50B | $400M | Defence AI |
| 9 | Parloa | 🇩🇪Berlin | 2018 | $3.00B | $560M | Agentic AI / customer experience |
| 10 | ICEYE | 🇫🇮Espoo | 2014 | $2.80B | $820M | Defence / EO + AI analytics |
| 11 | Quantexa | 🇬🇧London | 2016 | $2.60B | $400M | Decision intelligence |
| 12 | DeepL | 🇩🇪Cologne | 2017 | $2.00B | $415M | Translation / NLP |
| 13 | Wonderful | 🇳🇱Amsterdam | 2025 | $2.00B | $180M | Enterprise AI agents |
| 14 | Multiverse Computing | 🇪🇸San Sebastián | 2019 | $1.76B | $215M | LLM compression / quantum-inspired AI |
| 15 | Harmattan AI | 🇫🇷Paris | 2024 | $1.50B | $240M | Defence drone AI |
How to cite this dataset
Free to share and adapt with attribution under CC BY 4.0.
Built in EU (2026). The European AI Index 2026. Retrieved from https://builtineu.eu/research/european-ai-index-2026
Citing this dataset or planning coverage? Drop a note at press@builtineu.eu. We send updates when the index is refreshed and can pull custom cuts (by country, category, founding year) on request.
For the full analysis, methodology, sources, and historical context, read the accompanying long-form post: The European AI Index 2026 (blog).
