The round was led by Elsewhere Partners.

“We are  ahead of the curve. Undo has spent years building deterministic, program recording technology for code failure runtime visibility, which has become absolutely essential with the rise of AI,” says Undo Founder and CEO Greg Law.

“This investment allows us to accelerate at exactly the right moment – embedding Undo into AI workflows, scaling our commercial reach, and ensuring we are an essential part of how engineering teams operate in this new, AI-first world. We look forward to working alongside the Elsewhere team to ease the next era of software engineering problems for companies around the world.”

Similar 2026 activity points to sustained funding activity around the operational layers of AI-assisted software development: software supply chain control, AI-agent security and governance, CI/CD, cloud operations, production infrastructure, and developer tooling.

Undo’s round sits closest to this group of companies because it addresses a similar enterprise concern: how engineering teams can maintain reliability, visibility and control as AI-generated or AI-assisted code increases system complexity.

The UK comparison is particularly relevant, with Cloudsmith, Geordie AI, Trent AI, CodeWords, Overmind and Toyo all receiving funding in 2026, indicating domestic activity around secure and reliable AI-enabled software infrastructure.

“AI is making code unmanageable – introducing code that engineers cannot understand, trust, or debug. So while AI helps them generate more code, some of it is poorly understood, poorly structured, and of questionable quality. Systems become full of unknowns, making them unstable and increasing the risk of outages, security breaches, and customer escalations,” notes Elsewhere Operating Partner Rod Favaron.

“Undo ensures engineering teams can effectively operate complex systems in an AI-first world and provide the essential runtime context for enterprise-grade, AI-assisted software.”

Founded in 2012, Undo allows coding agents to solve complex problems on complex codebases, enabling fully automated root cause analysis – across development, test and production.

Undo says they fill a critical gap by giving AI agents the runtime context needed to reliably diagnose complex software issues in multifaceted systems. By capturing complete execution history (how code actually behaves when running) into self-contained recordings, Undo enables AI agents to perform accurate root cause analysis and ensures even AI-generated code remains understandable and maintainable.

No matter how good AI models get, the company outlines that results are limited by how good the context is: AI = model + context. Runtime context tells the model what the programme did, rather than just what the code says, so the models perform significantly better.

According to the company’s benchmarks on a range of complex bugs:

• The latest models are able to identify the root-cause of just 38% without Undo; whereas with Undo’s runtime context that increases to 92%.
• In cases where models can solve a problem without Undo, when the same problem is solved with Undo fewer tokens are used.
• Customers report completion of root-cause analysis 100x faster with Undo than before.

“Quality is extremely important at Palo Alto Networks, and we cannot afford to rely on guesswork. The hardest – and costliest – bugs in multi-million-line codebases live in runtime state and are not captured by logs or other solutions,” says Suresh Sangiah, Senior VP Engineering at Palo Alto Networks. “Undo provides the visibility needed to catch and correct errors before they become an operational problem for our customers, enabling automatic root cause analysis. Undo often autonomously finds the root causes in minutes.”

The company plans to significantly scale its product development, customer support, and go-to-market teams across the United States and Europe to support the expansion and adoption of its solutions as software engineering needs evolve.

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Reuters reports that the company priced its IPO at $135 per share, valuing the satellite, rockets and artificial intelligence company at around €1.52 trillion ($1.77 trillion).

For European SpaceTech, the listing is being read less as a single-company event and more as a test of how far space has moved into mainstream capital markets.

Space gets its public-market moment

For Mark Boggett, CEO of the British space investment firm Seraphim Space, the listing marks a shift in how public markets can understand the sector – outlining the VC perspective: “A SpaceX IPO is a landmark moment for the space economy. More than simply attracting additional venture capital, it would further establish space as a mainstream investment category and provide public market investors with a highly visible benchmark for the sector’s potential.”

Boggett adds that the impact could extend beyond venture capital: “A SpaceX IPO has the potential to bring additional capital into the asset class, increasing participation from institutional investors, wealth managers, retail investors, and public market participants.”

That broader capital-markets signal matters for Europe, where SpaceTech companies are building across launch, satellite infrastructure, Earth observation, communications, DefenceTech, climate intelligence, and space-enabled applications.

Europe reads the signal

While SpaceX remains closely associated with rockets and Starlink, several European voices argue that the largest implications may sit beyond launch.

For José Manuel Rodríguez, CFO of the Spanish SpaceTech company PLD Space, the IPO is best understood as part of the sector’s maturation, rather than as an isolated SpaceX story. He sees the wider public conversation around launch as useful for Europe, particularly as access to space becomes increasingly tied to national and regional infrastructure priorities.

“This kind of movement is a natural evolution of the sector and, overall, a positive development. It helps bring visibility to an industry that, until recently, operated largely outside the public conversation,” says Rodríguez.

For PLD Space, that visibility also reinforces the case for European autonomy. SpaceX’s listing may validate the launch market, but it also underlines how important it is for Europe to continue developing its own competitive space transportation capabilities.

Beyond rockets and Starlink

That same theme – validation, but not automatic advantage – comes through in the response from Bruno Santos, co-founder and Head of R&D at the Luxembourg Space BioTech startup Exobiosphere.

Santos sees the IPO as a signal that space is becoming legible to generalist investors, but warns that capital may still flow first to the most visible parts of the market.

“It’s the signal that tells generalist investors space is a real asset class and not a moonshot. That changes the room. Founders doing serious work in orbit start getting taken seriously, and money that wouldn’t have looked at the sector now does,” says Santos.

The risk, in his view, is that investors continue to focus on launch and constellations, while missing the application layers where space infrastructure could unlock value in other sectors. For Exobiosphere, that means drug discovery, disease modelling, advanced biomanufacturing, and other work that behaves differently in microgravity.

“So the IPO makes ‘space’ investable much faster than it makes ‘space-enabled BioTech’ investable. That gap is the opportunity, and also where we get hurt,” says Santos. “Validation without capital just tells your better-funded competitors where to aim.”

Capital is not the only constraint

For Anatolii Papulov, CEO and co-founder of British SpaceTech startup NewOrbit, the IPO reflects a broader shift in how space infrastructure is valued, particularly as satellites become increasingly tied to telecommunications and data infrastructure on Earth.

However, his response also points to the scale of SpaceX’s lead, built through deep capital commitments, vertical integration, and the deployment of more than 10,000 spacecraft.

“SpaceX’s IPO marks a genuine shift in how the market values space. It’s no longer treated as a curiosity or a moonshot, but has become essential infrastructure for life on Earth, particularly in telecommunications and, increasingly, data centres,” says Papulov.

Papulov argues that the IPO helps address one of SpaceX’s remaining constraints: capital. The harder problem is orbital capacity. As satellite numbers increase, congestion and collision avoidance become more central to the economics and safety of space infrastructure.

“The two problems SpaceX still needs to solve are capital and finding the space to put their satellites. The IPO goes a long way on the first, but the second is much harder,” says Papulov.

In that sense, SpaceX’s IPO does not only validate space infrastructure as an investment category. It also highlights the technical and environmental constraints that the next generation of European SpaceTech companies will need to address.

The real test for Europe

Taken together, the responses suggest that European SpaceTech sees SpaceX’s IPO as validation, but not as a solution to Europe’s structural challenges.

The listing may bring more investors into the asset class and make space easier to explain to public markets. It also sharpens the question of whether Europe can match scientific depth and technical capability with sufficient growth capital, autonomous launch capacity, and infrastructure of its own.

For European founders and investors, the significance of the IPO is not only that SpaceX has reached public markets. It is whether the attention now spills into the less visible layers of the space economy, where many European companies are trying to build.

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Anterra’s investor base spans institutional investors, food system operators and industry innovators across North America, Europe and APAC, including Rabobank, Novo Holdings and Zoetis, among others. Operators in the LP base collectively farm more than 13 million acres and include leaders of some of the world’s largest CPG, bakery, produce logistics and food retail businesses.

“The vote of confidence from our investor base is what gives this close its weight. “The combination of leading global asset managers, the institutions that know our sector backwards and the operators who farm millions of acres all backing the same thesis is an unrivalled force supporting the Anterra portfolio,” said Adam Anders, Partner at Anterra Capital. 

Founded in 2013, Anterra invests in and builds companies that apply life-science and software innovations to food and agriculture. The firm manages over €430.4 million ($500 million) across three funds.

According to Anterra, food and agriculture remain the largest industry on the planet, valued at roughly €8.6 trillion ($10 trillion) and employing around 1.3 billion people, nearly 40% of the world’s workforce. 

The firm reports that global investment in food and agriculture technology reached a record high of nearly €44.7 billion ($52 billion) in 2021, then declined to about €13.7 billion ($16 billion), close to 2016 levels. It states that much of that generalist capital supported ambitious, capital-heavy ventures that did not scale successfully: indoor vertical farms, plant-based processed meat alternatives, and 10-minute grocery delivery.

Anterra’s approach involves backing science-backed companies built on real unit economics and designed to scale through existing industry channels. That retreat of capital from hype back to fundamentals is precisely what now opens the door for disciplined specialists.

Maarten Goossens, Partner at Anterra Capital, “The firm has now successfully navigated two capital cycles in food and agriculture. Each one rewarded the same discipline: backing companies that deliver real returns for their customers and to their investors. What’s different this time is that the real-world industries we operate in — large, complex and historically resistant to change — are now ready to be rewired, and the tools to do it have arrived.”

The firm notes that AI’s impact runs deepest in the industries the last generation of software never reached: those that still rely on manual workflows, fragmented data and analogue infrastructure. Among these, food and agriculture are the largest.

“Two engines are now firing at once: vertical AI, the fastest-growing category in enterprise technology with investment tripling in a single year, is finally digitising how these industries operate; in biology, AI is compressing R&D timelines, shrinking teams and slashing the capital needed to reach a first commercial milestone — unlocking a generation of opportunities that were previously out of reach for venture capital The capital cycle has cleared the noise. And Anterra has spent twelve years building the knowledge and relationships to deploy into both,” Anterra mentioned in the press release.  

Anterra’s investment thesis has remained steady across two funds. Now, with valuations reset and AI transforming the economics of building in software and biology, the firm notes that the moment has finally arrived to deploy it at scale.

Anterra’s first two funds have produced multiple exits, including one of the largest exits ever in early-stage veterinary medicine, a Nasdaq IPO, and several other acquisitions by industry-leading strategics across the value chain.

The firm’s core modus operandi involves company-building, deployed where the firm identifies white space that the market has not filled. Its first company creation, Enko Chem, is discovering and developing next-generation crop protection chemistry through rational design to replace old, ineffective and unsafe products such as glyphosate. It has partnered with key industry leaders, including Syngenta and Bayer Crop Science.

Another Anterra-built company, Invetx, applied proven biological approaches from human medicine to veterinary medicine. Founded in 2018, it was acquired by Dechra Pharmaceuticals for over €430.3 million (half a billion dollars) within 6 years of inception.

Fund III has already made two investments. It has backed Anchr, an AI-native platform modernising the back office of food distribution, alongside a16z Speedrun. The fund’s second investment is Animerra, a veterinary biologics company founded and built by Anterra. 

“We’ve spent twelve years and two funds proving you can build category-defining companies in food and agriculture — and generate real returns doing it. What’s changed is that the world has finally caught up to that thesis. The technology is here, the valuations make sense, and the founders building in this sector are the best we’ve ever seen. This is the most exciting moment in our firm’s history, and Fund III is how we intend to make the most of it,” said Brett Wong, Partner at Anterra Capital.

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The capital will fund expansion into new markets, growth across existing and new enterprise customers, and the continued build-out of Orbio’s agent suite across the full employee lifecycle. In September 2025, the company raised €6.4 million led by Visionaries Club. 

“What stands out about Orbio is the speed at which customers have completely rebuilt their operating models around it. In a matter of months, some of the world’s largest employers have embraced AI-first frontline workforce management with Orbio at the core, replacing labour budgets in a permanent way,” said Henry Mason, Partner at Dawn Capital.

Orbio was founded in 2025 by CEO Sergi Bastardas (previously co-founded Colvin), CRO Nacho Travesí (co-founded the employee benefits platform Cobee, which was acquired by Pluxee, formerly Sodexo), and CTO Antonio Melé (co-founded Nucoro, which was acquired by Backbase). 

The company helps global enterprises automate frontline hiring, onboarding and workforce management with its team of AI agents. It deploys AI agents designed to optimise key processes such as talent acquisition, selection, and management, helping companies reduce turnover, streamline hiring, and improve the employee and candidate experience. 

According to the company, 80% of the world’s workforce operates on the frontlines of essential industries, including 2.7 billion healthcare workers, retail associates, warehouse operators, hospitality staff and logistics drivers. The unstaffed shifts can directly impact revenue, customer experience and operational performance. Its mission is to modernise workforce operations for the 2.7 billion frontline workers underserved by traditional enterprise software.

However, Orbio notes that most enterprise software developed in the last twenty years was intended for desk-bound knowledge workers. Frontline employees are often deskless, without corporate email addresses, and are reached through messaging and phone calls rather than software logins. 

This results in frontline hiring and workforce management still relying heavily on fragmented manual processes, spreadsheets and large operational teams, consuming significant time and costing organisations billions every year.

The company notes that the cost is felt on both sides. In many frontline sectors, annual employee turnover surpasses 70%, overwhelming recruiters and operations teams with administrative tasks while unfilled positions hinder operational efficiency. Workers often start jobs without proper onboarding, lose touch with employers within days, and leave within weeks. 

Orbio claims to be building an AI workforce platform designed for frontline industries. Its agents can conduct interviews, assess candidate fit and motivation, guide new hires through onboarding, monitor engagement and churn signals, and remain in contact with employees throughout their lifecycle. 

For employers, it offers the ability to engage and support frontline workforces 24/7 while delegating large parts of workforce operations to AI agents. This results in faster hiring, lower administrative burden, improved retention and a more resilient operational workforce, says Orbio. 

Sergi Bastardas, co-founder and CEO of Orbio, “This is not a talent shortage problem, it’s a talent allocation problem. The people are there. The work is there. What’s been missing is the ability to connect frontline workers with opportunities quickly, consistently and at scale.

“With Orbio, candidates can be contacted within seconds, onboarding can happen in hours rather than days, and employers can stay continuously connected with their workforce. The result is faster hiring, lower attrition and smoother operations, while workers get a better chance to start, stay and grow.”

Orbio works with global enterprise customers, including Poke House and YUM! Brands (which owns brands including KFC, Taco Bell and Pizza Hut), AWWG, Atento, Adecco, as well as US companies like The Stepping Stones Group. These companies use Orbio’s AI agents to hire, onboard, manage and retain frontline employees at scale. 

Operating autonomously across channels, including messaging and phone calls, Orbio’s agents can engage candidates and employees directly, handling hiring, onboarding, engagement and offboarding workflows for both full-time and shift-based workforces.

It caters to customers across Europe, the US and Latin America. The new capital will fund further expansion across those markets, alongside continued development of Orbio’s AI agent suite across the full employee lifecycle.

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This round was subscribed through a SAFE instrument and led by the Grassi family through their family holding company G&G, shareholder of E80 Group S.p.A. The additional capital was raised less than four months after the company’s first €700k round led by Techstars, bringing Bestie Bite’s total funding to €2.2 million. 

“We want to change this market. Authenticity is the most valuable and scarce asset on the web: we are building a new standard and a technological layer that brings the full power of artificial intelligence to restaurants, always starting from real content. With this round, we are accelerating from Italy to the United States to make this the global standard,” Carlotta Robbe Di Lorenzo and Caterina Vertefeuille, co-founders of Bestie Bite, said in a joint statement. 

Founded in 2024 by Carlotta Robbe Di Lorenzo and Caterina Vertefeuille, Bestie Bite helps people discover restaurants, bars and hotels through short, real videos created by users. The company also supports restaurants with the first AI-managed video marketing system for the hospitality industry.

According to the company, it’s addressing a problem that stems from two sides that are looking for each other but struggling to connect. It states that on one side are people, especially younger generations, who increasingly find it difficult to discover restaurants, cafés and hotels they can trust. This is caused by unreliable written reviews, fragmented information and content dominated by influencers and sponsored posts. 

On the other side is the restaurant industry, composed mainly of small businesses that often lack the budget or marketing expertise necessary to differentiate themselves online. Valuable local businesses remain invisible precisely when customers are seeking them.

Bestie Bite considers AI as the key solution for both market sides. For consumers, it is an app that understands users’ preferences and search intent, employing artificial intelligence to navigate video content and help them find the right choice more quickly and confidently.

It states that, unlike traditional reviews, each piece of content is based on verification standards and authenticity rules, including authentication, fraud detection, and AI video detection, which the company claims are unique to this platform. 

The platform builds trust by using gamification, offering a cashback system that rewards users who contribute authentic videos. Its most powerful expression comes through Missions at partner restaurants, where cashback is higher and directly connected to the business model.

On the business side, Bestie Bite has introduced an “AI Marketing Employee” for the hospitality industry, which is an artificial intelligence system that takes the place of social media managers and marketing agencies.

Starting with a single authentic video from the Bestie Bite community, the AI generates a full editorial plan for the following month and publishes it autonomously across the venue’s channels, without input from the restaurant owner. The startup highlights that this service is offered at a fraction of the cost of a traditional agency. The platform also provides sentiment analysis and performance insights, allowing businesses to monitor service quality in real time.

The startup reports notable organic growth, with over 100,000 users and more than 120,000 videos uploaded across more than 80 countries worldwide. One of its initial structured use cases is Pescaria, which leverages the platform to acquire reusable video content and conduct ongoing analysis of the customer experience.

One of the primary goals of the round is to consolidate Bestie Bite’s presence in Italy and, most importantly, to enter the US market with a base in San Francisco, a city the team had already explored earlier this year.

During its time in the city, Bestie Bite has already established its first partnerships with notable local clients, including Tony’s Pizza and North Beach Restaurant. The app has thousands of users and over 500 reviewed restaurants in the local market.

Bestie Bite’s operational headquarters are in Rome, at the House of Emerging Technologies, with a second hub at OGR Tech in Turin.

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The round was co-led by HPI Ventures and Caesar Ventures, with participation from 10x Founders, Antler, Adesso Ventures, and Angel Invest.

Nicholas Torabi, co-founder of Qorelo, said, “Large enterprises are facing an unprecedented race against time to modernise their digital backbones before the 2027 deadline, but the industry simply lacks the human delivery capacity to make it happen. 

“At Qorelo, we have built an elegant solution that automates the repetitive functional workstreams of these massive transformations. This funding allows us to bring on the absolute best engineering and sales talent in Europe to scale our platform and fundamentally change how enterprise software is deployed and maintained.”

Qorelo was founded in late 2025 by Nicholas Arman Maxwell Torabi (19), Louis Andrea Schmidlin (24), and Marino Kurtović (28). The company has built an AI intelligence layer which automates and simplifies the upgrade and migration of ERP projects using SAP software.

According to the company, modernising enterprise ERP systems is a complex and costly task. It indicates that just 8% of migrations are completed on time, projects extend about 30% beyond their planned duration, and more than 60% go off track in terms of budget, schedule, or quality. In the most extreme cases, failed transformations have cost large corporations hundreds of millions of euros before they were abandoned.

The startup further states that this challenge is being exacerbated by SAP issuing a strict instruction to all corporate users to migrate to a new modern version (S/4HANA) by 2027. 

“35,000 SAP customers are currently undertaking this and, because each migration runs between 18 and 36 months, demand for skilled delivery talent is surging through late 2026. The global SAP application services market for S/4HANA transformation and optimisation was valued at €37.8 billion ($44 billion) in 2025 and is projected to reach €60.2 billion ($70 billion) by 2030,” the company mentions in the press release. 

Qorelo claims to address the bottleneck of delivery capacity by automating the functional delivery workstream across ERP programmes. This reduces the delivery timelines of projects by 45%. 

The platform acts as a permanent system of record for ERP delivery, turning one-time transformations into continuous optimisation relationships that keep corporate operational data permanently ready for artificial intelligence.

Qorelo caters to consultancies and enterprises. For consultancies, it helps win more contracts, deliver faster, and scale delivery capacity without increasing headcount. For enterprises, it helps reduce reliance on external consultancies and keep SAP expertise in-house.

Within those organisations, typical users include solution architects, process owners, functional leads, programme leadership (PMO and transformation leads), and SAP Centre of Excellence teams.

The German startup is initially working with corporates across the DACH region facing the SAP transformation crunch. It reports that a leading German automotive enterprise is already a live customer, engaging Qorelo for its transformation and expanding into ongoing native operations.

Jens Schmidt-Sceery, Partner at HPI Ventures, commented, “Modernising the enterprise tech stack is one of the hardest problems on any CIO’s desk. These are multi-year programmes where most of the risk and cost sits in slow, manual, expert-dependent work. Qorelo is the AI companion that carries enterprises and their consultants through it – turning fragmented discovery and scoping into structured, traceable progress, while keeping people in control. 

“In a remarkably short time, this young founding team has won the trust of demanding enterprise customers like Mercedes-Benz – building the kind of early traction and commercial instinct that is rare at this stage. A clear signal of how fast and how far they can go.”

With this funding, the company plans to scale both growth and product development as Qorelo expands its team to tackle a massive market opportunity. The company is onboarding top-tier European talent, expanding from enterprise sales capabilities to deep technical knowledge on the SAP side. 

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The fund has already completed investments in Ukrainian DefenceTech companies including Norda Dynamics, Himera and Sine Engineering, while a fourth portfolio company remains confidential.

Varangians Co-founders Pär Lager, Andreas Flodström and Jonas Rydin said: “We founded Varangians because we have seen how Ukrainian engineers innovate under fire; producing low-cost, effective tech that Europe urgently needs.”

Founded in 2025, Varangians will invest primarily in Ukrainian DefenceTech startups, while also considering non-Ukrainian companies working across military and civil defence. The fund is focused on high-impact technologies being developed and tested in real frontline conditions, with particular attention on unmanned systems, electronic warfare, strategic communications, demining, secure communications, and selected dual-use technologies.

Varangians was founded by a leading Swedish family office alongside entrepreneurs Pär Lager, Andreas Flodström and Jonas Rydin, bringing together experience in technology, defence, entrepreneurship and Ukraine.

Its stated mission is to strengthen Ukraine through DefenceTech investments, while supporting the re-arming of Sweden, the Nordics and wider Europe through Ukrainian innovation, experience and systems.

Their current portfolio:

• Norda Dynamics is developing an autonomous UAV piloting system for mission execution in communication-deprived environments.
• Himera builds user-friendly, EW-resistant secure communications systems for civil and emergency use.
• Sine Engineering is working on a next-generation UAV communication and positioning platform for contested environments involving jamming, interference and spoofing.
• According to Varangians’ website, their fourth confidential company is described as a manufacturer of UAVs, UGVs and components for unmanned systems, as well as providing drone pilot training and an R&D lab for innovation and testing.

Varangians’ model combines targeted scouting, context-aware evaluation and active support after investment. The team says it identifies promising companies through Ukrainian defence innovation ecosystems and trusted networks, then assesses them through a combination of technical insight, operational relevance and governance standards.

It also offers consulting services for organisations looking to establish operations in Ukraine, including support with local partners, security and risk planning, field testing, field engineering and frontline-driven R&D.

The name Varangians refers to the Swedish Vikings who travelled to Ukraine and Kyiv around the year 800 and played a role in the early history of the region alongside Ukrainians.

For the fund, the name is intended to reflect a renewed link between Sweden and Ukraine through technology, resilience and defence innovation.

Flodström is best known as the co-founder of Beetroot, the Swedish-Ukrainian tech ecosystem founded in Stockholm in 2012 by Flodström and Gustav Henman. Beetroot began as a backpack startup and has since grown into an international tech company and social enterprise, engaging more than 400 people across its headquarters in Sweden and R&D locations in Ukraine, Bulgaria, Poland, Romania, Moldova and Vietnam.

The launch of Varangians comes as venture capital interest in DefenceTech continues to rise across Europe, with Ukraine increasingly seen as a key source of battle-tested innovation.

By backing startups solving real frontline problems, the fund is positioning itself around technologies that can support Ukraine now while also strengthening European security in the long term.

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The round was led by Sondo Capital, an Oslo-based venture capital firm, and supported by a group of experienced angel investors from the Nordic tech and e-commerce scenes, including from VILLOID, Kry, Enode, Whitson and others.

“Customer support is only the starting point. Our vision is to automate the operational work that slows e-commerce teams down, while giving consumers instant, personalised help around the clock. This funding round allows us to further accelerate product development, double the team, and save more time and money for e-commerce brands,” said Jørgen Vartdal Halse, CEO and co-founder of Mimir.

Founded in 2024 by Jørgen Vartdal Halse, Jens Kristoffersen, and Øyvind Monsen, Mimir started as an AI-native customer support platform specifically designed for B2C e-commerce companies. The platform currently manages approximately 250,000 customer conversations each month for around 60 brands across 5 countries, helping companies like VILLOID, HiFi Klubben, and Holzweiler. 

Instead of adding AI on top of legacy systems, Mimir claims to be a fully AI-native operations platform specifically for B2C e-commerce. According to the company, it understands orders, deliveries, returns, and products, can handle tasks end-to-end, and is tailored to the brand’s existing systems and workflows. 

Mimir states that it enables e-commerce stores to provide instant, high-quality customer interactions around the clock, while also saving time and money on operational costs.

“We truly believe that customer service and e-commerce operations as we know it will be dramatically changed with AI. The Mimir team embodies exactly what we’re looking for; technically strong founders that combine a great product with a real market pull in a massive market,” said Henrik Hatlebrekke, General Partner and co-founder at Sondo Capital.

The company also revealed that it had no plans to raise capital, having grown roughly 7x over the past year and achieved profitability without external funding. However, it raised funding due to strong inbound interest from multiple funds and some customers.

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The round was led by J&T Ventures, with participation from Seed Starter ČS (Česká spořitelna) and Slovak Investment Holding (SIH). The funding will be used to accelerate expansion across the DACH region, the UK, and the United States.

“Vendor selection today is largely a social process built on relationships, referrals, and reputation. That worked when projects were slower, and the stakes were lower. It doesn’t work anymore. Definic is the name that reflects what we are building: a definitive layer of intelligence between enterprises and the vendors they trust with their most critical projects,”  Lukáš Řezanina, CEO of Definic. 

Founded in 2020, Definic is a vendor intelligence platform helping enterprises improve IT vendor selection through delivery track records, case studies, and live market pricing. 

The company states that enterprises encounter significant challenges in choosing IT vendors, and selecting the wrong one can cost 3 to 5 times the original contract amount. In many situations, procurement teams lack clear insight, as vendor decisions are often made based on reputation, hourly rates, and past relationships.

Definic claims to fix IT procurement by assessing vendors through thousands of data points, including delivery track records, case studies, and live market pricing. It highlights that enterprise clients using Definic have shortened tender cycles from months to weeks and decreased IT vendor expenses by as much as 20%.

“I first met Martin Kešner from J&T Ventures at Vodafone Nápad Roku back in 2023. At that time, we were still early and not yet ready for venture funding, but we stayed in touch and focused on execution. Having J&T Ventures lead this round now is a strong reflection of the trust built over time and the progress the whole team has made. Together with Seed Starter ČS and Slovak Investment Holding, this investment gives us the platform to accelerate product development and take Definic global,” says Robert Dečman, co-founder of Definic and CEO of North America.

The company noted that a major banking group in Central Europe engaged Definic to improve its IT procurement decisions. Using Definic, the group’s procurement team identified 90+ relevant vendors aligned with project requirements, significantly expanding its sourcing options.

Definic reported that this improved visibility reduced tender cycles from 6 weeks to 2 weeks, resulting in €1.2 million in cost savings on €5.4 million spent on IT vendors during the first five months of 2026.

“Definic’s proprietary Vendor Intelligence technology creates a clear and defensible moat in a market long overdue for disruption. Having followed Robert, Lukáš and Michal for several years, we have seen firsthand the execution discipline and relentless commitment that distinguish exceptional founders. We are convinced Definic is set to redefine the standard for the industry,” said Jan Sova, J&T Ventures.

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