Conference Presentation, Panel, Fireside Chat
Startup Competition Final: RAISE the STAKES | RAISE Summit 2026
RAISE SummitGleb Budman, Cyrille Saint Olive, Luke Pappas, Shahab Shafieehanjani, Cyril, Rodrigo, Kinga Matua, Charles
Raise the Stakes 2026: Competition Overview & Statistics
- The event, organized by Raise Summit, identified as the world's largest AI startup competition, featured 1,100 initial applications.
- 750 companies qualified through a venture capital lens, representing founders from 79 different countries.
- The qualified cohort has collectively raised over $200 million and holds a combined valuation of $800 million.
- The competition was sponsored by Backblaze, Google for Startups, and Google DeepMind, alongside ten other partners including Vanta, Crusoe, and Dilem (deal flow management).
- From the Top 10 finalists, three companies—Neural Trust, CurryGen, and Strawberry Browser—were selected to pitch in the final round.
- Previous finalists (2025) saw valuations rise from a range of $5–15 million to approximately $150 million within a year; the 2026 Top 10 has already raised $56 million collectively.
Jury Panel & Strategic Focus
- Gleb Finkelshteyn (Backblaze CEO): Highlighted Backblaze's role as foundational cloud storage for AI workflows and emphasized the need for startups to focus on building rather than infrastructure costs.
- Cyril (Google for Startups): Outlined Google's support for startups ranging from early-stage to late-stage, including access to DeepMind models, cloud credits, and ad ecosystem connections.
- Luke Pappas (NEA Partner): Noted NEA is launching its 18th fund ($6 billion+) and emphasized the firm's focus on companies from pre-seed to IPO, with a strong presence in London and Paris.
- Jury Consensus: Judges agreed that the current market requires "why now" urgency regarding AI security and specialized data sets rather than general-purpose models.
- Forward-looking Statement: The host predicts at least one of the 2026 Top 10 founders will become a unicorn within the next few years, with a potential transition to a "scale-up competition" in 2027.
Finalist 1: Neural Trust
- Value Proposition: A centralized AI agent cybersecurity platform addressing the lack of security for AI agents in enterprise environments.
- Market Data: A survey of 160 CISOs revealed 96% consider AI agents their greatest concern, 84% found agents leaked sensitive data during stress tests, and 72% had no security measures in place.
- Product Suite: Offers four modules—Trust Lens (identification), Trust Test (vulnerability testing), Trust Gate (runtime blocking), and Trust Guard (policy enforcement).
- Performance Metrics: Claims end-to-end latency under 100ms and high multilingual detection accuracy, integrating with any LLM or MCP server.
- Regulatory Advantage: Holds the only official endorsement from the European Innovation Council, ensuring alignment with the EU AI Act and GDPR.
- Funding & Traction: Recently closed a $20 million seed round (largest for an EU cybersecurity company); 92% of 20+ paying clients are companies with over $1 billion in revenue.
- Jury Feedback: Praised the board-level relevance of the problem and the specific breakdown of the solution, though noted the need for more detail on unique differentiation against large legacy security firms.
Finalist 2: CurryGen
- Value Proposition: Develops a "Google Maps for human cells" platform to make drug discovery more predictable, utilizing a biology-first approach rather than relying solely on AI models.
- Problem Statement: Traditional drug discovery takes 15 years and costs $4 billion, with a 97% failure rate due to incomplete data on cellular behavior.
- Core Technology: Uses single-cell multi-omic tools to generate proprietary, ground-truth data on how individual cells respond to treatments, creating causal models.
- Operational Model: Operates a "lab in the loop" system where AI predicts experiments, which are validated physically, refining the model with every cycle.
- Revenue & Partners: Generated $600,000 in revenue from three pharma pilot projects; business model includes pilot projects (~$250k/3 months), milestone payments, and royalties.
- Funding Goal: Seeking seed investment to establish a proprietary lab for scaling data generation, specifically targeting oncology and immune oncology.
- Jury Feedback: Recognized the high barrier to entry due to the 15-year workflow development and unique data; some concern noted regarding focus given the broad scope of diseases addressed.
Finalist 3: Strawberry Browser
- Value Proposition: An AI agent platform built into a browser interface to enable non-technical teams to collaborate and share context without complex engineering setup.
- User Benefit: Solves the fragmentation issue where teams use disparate AI tools; enables agents to access full context (tabs, apps, CRMs) automatically.
- Use Case Demonstration: Demonstrated a 15-minute workflow to identify meeting attendees from a website, scrape LinkedIn profiles, update CRM, and create a dashboard.
- Current Traction: Claims tens of thousands of users and has just signed its first enterprise contract last week.
- Funding Status: Raised $6 million; a new funding round is planned for later in the year, though growth and product development remain the immediate priority.
- Long-term Vision: Plans to move agentic infrastructure to the cloud, develop mobile apps, host custom models, and create new protocols for an "agentic web" independent of US tech giants.
- Jury Feedback: Praised the team's energy and vision but expressed skepticism about the difficulty of mass adoption for a new browser compared to established players like Chrome or Microsoft Copilot.
Competition Results & Deliberation
- Third Place: Neural Trust (recognized for solving an immediate, high-urgency enterprise security problem).
- Second Place: Strawberry Browser (recognized for ambition and team velocity, despite distribution challenges).
- First Place: CurryGen (selected for the uniqueness of its proprietary data generation workflow and high barriers to entry).
- Selection Criteria: The jury deliberated on the balance between immediate market fit, technical defensibility, and the founding team's ability to execute, ultimately favoring CurryGen's deep biological integration.
- Future Engagement: The host expressed interest in having at least one finalist present on the 2027 Raise Summit agenda as a panelist.