European Cybersecurity Startup Radar 2026
Europe’s cybersecurity innovators, mapped across six markets
Belgium
Belgium’s cybersecurity ecosystem is small but steady, with a distributed landscape increasingly driven by the Flemish north around Antwerp and East Flanders, while Brussels holds firm as a central hub. It remains a predominantly early-stage market with limited scale-up maturity, yet AI is already widely embedded across the majority of startups. The ecosystem’s clearest strengths lie in future-proof data protection including advanced cryptography, identity and access management, vulnerability management, and streamlining governance, risk, and compliance, and it has produced a homegrown unicorn in Aikido.
40 companies analyzed · Leading categories: Data Protection, Vulnerability Management, IAM & GRC
France
France’s cybersecurity ecosystem is in full effervescence, adding a record wave of new startups even amid economic and technological uncertainty. The country combines strong state and Bpifrance backing with a strong deep tech base, and it stands out for its work in securing AI and homomorphic encryption, home to unicorns Ledger and Zama. Its leading categories in 2026 are Governance & Risk Compliance, Vulnerabilities, and Data Security, while Paris remains the central hub alongside fast-growing regional poles such as Lyon.
279 companies analyzed · Leading category: Governance & Risk Compliance
Germany
Germany’s cybersecurity ecosystem is entering a consolidating phase, where innovation is increasingly driven by European regulation rather than by new attack techniques. Startups here are international by design, addressing global markets from day one and turning compliance with NIS2, DORA, and the Cyber Resilience Act into a core product capability. The strongest momentum sits in AI security, automated compliance, and identity-centric access, while the ecosystem clusters around three regional hubs: Berlin, North Rhine-Westphalia, and Bavaria.
106 companies analyzed · Leading categories: GRC, AI Security and Identity
Luxembourg
Luxembourg’s cybersecurity ecosystem is small but remarkably fast-moving, with three quarters of its startups founded since 2022 and an average company age of just 3.1 years. The country combines a compact, pro-business support system (from the Luxembourg House of Cybersecurity with its LUCYA accelerator to Luxinnovation’s Fit4Start program) with particular strengths in post-quantum cryptography, digital trust, and secure data exchange. Its startups cover nearly all NIST CSF 2.0 pillars, target enterprise clients in regulated sectors from day one, and internationalize early, with Germany, France, and Belgium acting as natural first expansion corridors.
20 companies analyzed · Leading category: Governance
Switzerland
Switzerland’s cybersecurity ecosystem is defined by data protection, neutrality, and trust, with startups pursuing international growth strategies primarily focused on European markets. Creation is steady rather than explosive, and the market is structured around strong incubation platforms, led by Zurich and complemented by hubs in Vaud, Geneva, Zug’s Crypto Valley, and Ticino. Its clearest strengths lie in secure data exchange, data security, and network security, alongside a notable deep tech presence in areas such as data privacy and privacy-preserving technologies, and it has produced a homegrown unicorn in Acronis.
49 companies analyzed · Leading category: Secure Data Exchange
United Kingdom
The United Kingdom is one of Europe’s largest and fastest-growing cybersecurity startup markets, adding an unprecedented wave of new entrants in 2026. London remains the central hub, yet activity is increasingly dispersing to regional ecosystems, with the South West standing out among this year’s new arrivals. British startups are strongest in Governance & Risk Compliance, Detection & Response, and Application Security, and AI adoption has surged, though finding customers and market access remain the ecosystem’s biggest hurdles.
235 companies analyzed · Leading category: Governance & Risk Compliance
Any questions?
Our experts are always on hand to answer any questions you may have about the radars.
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Noémie Honore
Associate Partner, Belgium
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Gérôme Billois
Partner, France
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Jonathan Schlaeger
Partner, Germany
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Jérôme de Lisle
Senior Manager, Luxembourg
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Armando Chiodi
Partner, Switzerland
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Rémi Pactat
Senior Manager, Switzerland
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Florian Pouchet
Partner, UK
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