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10 Series A+ AI Startups on Their Path to Becoming Unicorns Pt. 1

10 Series A+ AI Startups on Their Path to Becoming Unicorns Pt. 1, TheRecursive.com
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From autonomous vehicles and digital health to cybersecurity and finance, AI continues to disrupt industries across Central and Eastern Europe. This part of the series presents a selection of 10 AI-driven startups in CEE. The rounds mentioned are arbitrarily selected from over 100 Series A+ startups analyzed for the State of AI in the CEE 2024 report. If you have any suggestions, reach us at [email protected].

1. Infermedica

Country: Poland

Founded: 2012

Description: A digital health company specializing in AI-powered preliminary diagnosis and patient triage solutions.

Last funding round: Series B, 2022

Total funding: €41M

Investors: EBRD, Heal Capital, Inovo VC, Karma Ventures, and One Peak Partners 2.

 

2. Silent Eight

Country: Poland

Founded: 2013

Description: Silent Eight uses AI to develop custom compliance models for leading financial institutions worldwide, enhancing fraud prevention and regulatory adherence.

Last funding round: Series B, 2022

Total funding: €51M

Investors: Aglaia, Boon Hwee Koh, HSBC, OTB Ventures, SC Ventures, TYH Ventures, and Wavemaker Partners 3.

 

3. Hyperscience

Country: Bulgaria

Founded: 2014

Description: Hyperscience specializes in automating complex, mission-critical processes for enterprise clients, using AI to enhance operational efficiency.

Last funding round: Series E, 2021

Total funding: €265M

Investors: Bessemer Venture Partners, Global Founders Capital, Stripes, and Tiger Global 4.

 

4. Ariadne

Country: Greece

Founded: 2019

Description: Ariadne technology company that provides detailed customer analytics with its cutting-edge artificial intelligence approach.

Last funding round: Series A, 2023

Total funding: €9M

Investors: Marathon Venture Capital.

 

5. Payhawk

Country: Bulgaria

Founded: 2018

Description: Payhawk provides a spend management platform that integrates company cards, expenses, and accounts payable solutions for European and US businesses.

Last funding round: Series B, 2022

Total funding: €217M

Investors: Digital East Fund (ex-Earlybird), Endeavor Catalyst, HubSpot Ventures, Jigsaw VC, Lightspeed Venture Partners and Sprints.

 

6. Quantive

Country: Bulgaria

Founded: 2015

Description: Quantive is a Strategy Execution Platform that leverages OKRs to help organizations accelerate growth and maintain alignment with their goals.

Read more:  Europe's AI Talent Tops the US, Atomico's State of Tech Report Reveals

Last funding round: Series C, 2021

Total funding: €147M

Investors: Charles River Ventures, Index Ventures, Singular, and Visionaries Club.

 

7. Spotawheel

Country: Greece

Founded: 2015

Description: Spotawheel is a technology-driven used car platform known for transparency and for the experience of finding and purchasing inspected vehicles.

Last funding round: Series B, 2022

Total funding: €129M

Investors: Adevinta, Collective Spark, FJ Labs, Rockaway Ventures, UNIQA Ventures, Velocity Partners Venture Capital, and VentureFriends.

 

8. Druid AI

Country: Romania Founded: 2018

Description: DRUID AI offers a platform for building conversational AI applications that enhance customer experiences and boost productivity across multiple industries.

Last funding round: Series B, 2023

Total funding: €47M

Investors: Endeavor, GapMinder Venture Partners, Hoxton Ventures, Karma Ventures, Smedvig Capital, TQ Ventures and Verve Ventures 9.

 

9. Dexory

Country: Romania

Founded: 2015

Description: Dexory provides real-time warehouse state representation using data captured by autonomous robots, offering seamless access through its digital platform.

Last funding round: Series B, 2024

Total funding: €85M

Investors: Atomico, Bootstrap Europe, Capnamic Ventures, DTCP, Lakestar, Latitude Ventures, and WaVe-X 10.

 

10. FintechOS

Country: Romania Founded: 2017

Description: A fintech platform that simplifies and accelerates the launch of financial products, enabling companies to adapt quickly to market demands.

Last funding round: Series B, 2024

Total funding: €144M

Investors: BlackRock, Cipio Partners, Earlybird Venture Capital, GapMinder Venture Partners, Molten Ventures, and OTB Ventures.

We also invite you to check out the second part of this series: 10 Series A+ AI Startups from CEE with Unicorn Potential

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10 Series A+ AI Startups on Their Path to Becoming Unicorns Pt. 1, TheRecursive.com

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Loredana Dobrea is a Startup & Tech Research Editor specializing in market research and data analysis. She leads data collection efforts and writes analytical articles, with a particular focus on AI, HealthTech, Education, and Social Impact sectors. Covering everything from emerging startups to established industry players in the CEE tech ecosystem, Loredana brings their stories to light with clarity and depth.