Rising
Tech

European technology was a story of absence. The largest platforms were built elsewhere, the deepest capital pools sat elsewhere, and the most ambitious founders followed both. That framing no longer holds. Across defence, robotics, foundation models and finance, European companies have moved from promise to scale, and the question is no longer whether they can be built here but whether they will stay.

This issue examines that shift from the inside: the founders, their investors, the bankers taking them public, the policymakers writing their rules. Each conversation circles the same tension: sovereignty against openness, speed against regulation, national interest against a European market still more aspiration than fact.

What emerges is less a verdict than a set of open questions, published in the belief that better questions yield better answers.