Oslo-based Pistachio acquires Hugin.io to expand into cybersecurity compliance

Oslo-based company Pistachio has acquired Hugin.io in order to expand its business operations into the field of cybersecurity compliance. The acquisition forms part of a broader landscape of startup funding and tech developments across Europe, as highlighted by various industry reports.

The wider funding environment includes several notable investments across different countries. Milan-based Bynario raised two point one million euros in pre-Seed funding following AI research that exposed serious Apple vulnerabilities. Zurich-based xorlab secured five million euros to scale sovereign email security throughout Europe, while Brussels-based Motion raised one point seven million euros to address Europe's robot adoption problem.

In France, Hackuity secured sixteen million euros to handle automated cyber remediation driven by a growing vulnerability tsunami. Additionally, Exein reached unicorn status, raising two hundred thirty-four million euros for Physical AI cybersecurity while facing five thousand attacks weekly. In Denmark, Copenhagen-based Seed Capital closed a one hundred thirty million euro Fund V to support Nordic startups from the seed stage through Series A.

Other notable movements in the sector include Netherlands-based cybersecurity startup Hadrian raising thirty-five point six eight million euros to scale its agentic AI offensive security platform. These developments reflect active capital investment and strategic expansion across the European startup ecosystem, particularly within cybersecurity and artificial intelligence technologies.