The Recursive’s weekly roundup aims to cover key tech developments across Central and Eastern Europe, as well as the growing impact of CEE-born founders on the global stage. Take a look at the latest news in funding, startup milestones, and emerging trends tied to the region’s innovation potential.
CEE deals
Czech-founded Resistant AI, a provider of native AI models for financial crime and fraud prevention, has announced a $25 million (€21.6 million) Series B funding round. The round was led by DTCP, with strong participation from existing investors including Experian, GV, and Notion Capital, who doubled down on their previous commitments.
Polish Innovation Labs (PIL), operating in the military and tech sector, has raised €2.3 million (PLN 10 million) from Rubicon Partners, Remigiusz Talarka’s Elephant Rock Family Foundation, and business angels, according to MamStartup.
Founded by Tadeusz Wiatr, Cezary Wiatr, and Maciej Sabat, PIL, owner of the Polska Fabryka Amunicji brand, specializes in large-scale small-caliber ammunition production. The company runs three assembly lines with a combined capacity of 54 million rounds annually, supported by secure warehouses and an in-house ballistic lab for quality control.
Prague-based energy scaleup Delta Green has raised €2 million from Credo Ventures, Tilia Impact Ventures, and Purple Ventures to drive its European expansion.
The company’s platform links households into a virtual power battery, letting them shift energy use, discharge home batteries, and sell rooftop solar during peak demand—cutting costs, boosting renewables, and reducing fossil fuel dependence.
Other partnerships
Backbase, an AI-driven banking technology, has partnered with Facilization, an Albania-based consultancy and software firm, to help banks in Albania, Malta, and Central Eastern Europe modernize their digital services and enhance customer experience. The partnership combines Backbase’s AI-powered banking platform with Facilization’s local expertise to help financial institutions overcome legacy system challenges, speed up digital transformation, and reduce implementation risks.
Cisco has opened a new office in Heraklion, furthering its integration of CodeBGP, the Greek startup it acquired to strengthen internet routing security, reported George Tziralis from Marathon Venture Capital on LinkedIn.
The new hub of excellence will serve as a key center for Cisco’s global internet infrastructure operations, with plans for significant team growth. The original CodeBGP founders, who built their company on the island, will continue to play a leading role as the Crete-based team supports critical network resources worldwide.
Diaspora news
Romanian-founded Dexory, a warehouse robotics and AI company that builds autonomous inventory robots, raised $165 (€143) million to expand its platform and grow internationally.
The funding includes a $100 million Series C led by Eurazeo’s Growth team, with LTS Growth and Endeavor Catalyst joining. Existing investors DTCP, Atomico, Lakestar, Elaia, Latitude Ventures, Wave-X and others also participated. Bootstrap Europe increased Dexory’s growth debt facility.
