Following our series of country articles, today we turn our attention to Hungary, a country that has quietly built a resilient and increasingly specialised startup ecosystem in Central and Eastern Europe. With strong technical education, competitive operating costs, and a growing base of internationally minded founders, Hungary continues to produce companies tackling complex, global challenges.
In this article, we highlight 10 of the most promising Hungarian startups founded from 2021 onwards that are shaping the country’s next wave of innovation. Presented in alphabetical order, the selection focuses on companies that have demonstrated early momentum through product development, funding activity, and market traction as Hungary’s tech ecosystem moves toward 2026.
Founded in 2021 and based in Szentendre, ABZ Innovation is a drone technology company developing and manufacturing heavy-duty unmanned aerial vehicles for agricultural, industrial, and commercial use. The company focuses on European-built drone systems designed to support precision operations across farming, construction, logistics, and maintenance environments.
Its portfolio includes agricultural spraying and seeding drones, as well as multifunctional platforms for industrial cleaning, research, and custom integrations. The systems are CE-certified and built to operate in demanding field conditions, with modular configurations and varying payload capacities. ABZ Innovation completed its latest funding round in 2026, bringing total funding to €7 million to support further product development and international expansion.
Headquartered in Budapest, Axoflow is a cybersecurity company developing a Security Data Layer designed to automate security data curation for SIEM and analytics tools. The platform collects, classifies, normalises, and routes security telemetry in real time, aiming to improve detection quality while reducing operational complexity.
Built by the creators of syslog-ng, Axoflow integrates pipeline, storage, and AI capabilities into a single layer that manages ingestion, preprocessing, storage, and search. By automating parsing and data reduction, the system is designed to reduce SIEM costs and accelerate investigations while maintaining visibility across security environments. Founded in 2023, the company has raised over €8.5 million in funding.
Founded in 2021 and based in Budapest, denxpert EHS&S software provides cloud-based compliance solutions for environmental, health, safety, and sustainability professionals. The system is designed to help organisations manage regulatory obligations, streamline reporting, and centralise compliance processes across multiple sites and jurisdictions.
The platform combines EHS compliance management, ESG reporting, and sustainability data collection within a single digital environment, supported by a global network of sustainability consultants. By replacing fragmented spreadsheets and manual workflows with structured, audit-ready documentation and continuously updated legal registers, denxpert aims to reduce risk and improve operational transparency. The company completed its latest funding round in 2024 and has raised over €900k.
Founded in 2023 and headquartered in Budapest, Mitzu is a warehouse-native product analytics platform designed to operate directly within a company’s existing data warehouse. The solution enables teams to analyse product usage, marketing performance, funnels, retention, and customer journeys without moving data to external systems.
By processing data where it is stored, Mitzu aims to ensure accuracy, governance, and privacy while reducing infrastructure costs associated with third-party analytics tools. The platform supports self-service analytics for non-technical teams, allowing them to generate insights without SQL while maintaining full traceability to underlying data. To date, they have secured around €450k in funding.
Based in Budapest, Qneiform is a talent intelligence platform focused on financial services and investment markets. The company provides tools to help executive search firms, investors, and financial institutions identify, analyse, and track professionals across sectors such as private equity, hedge funds, investment banking, and venture capital.
The platform combines AI-driven data collection with expert verification to build structured, frequently updated talent datasets. Features include natural language search, market mapping, benchmarking tools, and collaborative project management, enabling users to monitor hiring activity and analyse market dynamics in real time. Founded in 2022, they have secured €3.75 million in funding.
Founded in 2022 and headquartered in Budapest, Redmenta is an AI-powered education platform designed to support teachers in creating, evaluating, tracking, and personalising classroom activities. The system combines AI-assisted content generation with competency tracking tools to provide a structured environment for both digital and paper-based learning.
Redmenta enables educators to design worksheets and lesson plans, analyse student work across multiple formats, and monitor progress through detailed competency profiles. The platform integrates with major learning management systems and complies with GDPR, allowing students to use it without mandatory registration. To date, the company has raised €466k and continues to scale its platform across international education markets.
Founded in 2025 and based in Budapest, Riptides is a cybersecurity startup developing an identity-based security platform for machine-to-machine communication and AI-driven workloads. The company focuses on replacing static credentials with short-lived, verifiable workload identities.
Riptides provides a unified identity layer that issues and rotates identities automatically, enabling secure authentication and encrypted communication between services, infrastructure components, and AI agents. By enforcing identity at the operating system level and integrating with standards such as SPIFFE and cloud-native environments, the platform aims to reduce credential sprawl and improve visibility across distributed systems. To date, the company has raised over €2.7 million as it prepares for broader market rollout.
Founded in 2022 and headquartered in Budapest, scoutlabs is an agri-tech startup developing a digital insect monitoring system designed to help farmers detect pest pressure earlier and more accurately. The company provides solar-powered traps equipped with cellular connectivity that transform traditional manual trap networks into AI-supported monitoring systems.
The platform uses cloud-based artificial intelligence, supported by entomological expertise, to identify and quantify pest populations and send automated alerts to farmers. By enabling more precise intervention and reducing the need for manual scouting, scoutlabs aims to support more efficient crop protection and lower input costs. To date, the company has landed €1.75 million as it expands deployment across agricultural markets.
Founded in 2022 and based in Szeged, Tengr.ai is an AI-driven image generation platform designed for creative and business use. The system enables users to generate high-resolution visuals, customise styles, edit images through text prompts, and apply tools such as face swap and background removal within a single interface.
Tengr.ai positions itself as a commercially oriented AI partner, allowing users to retain ownership of generated content for business applications. The platform offers tiered subscription plans, API access, and advanced editing capabilities, supporting use cases ranging from marketing and branding to digital art production. To date, the company has raised €1 million as it continues to grow its international creative community.
Founded in 2023 and headquartered in Budapest, VRG Therapeutics is a biotechnology company focused on developing miniprotein-based therapeutics and cell and gene therapy technologies. The company combines AI-driven protein engineering with wet-lab directed evolution to design peptide-based medicines targeting mechanisms that are difficult to address with traditional small molecules or antibodies.
Its proprietary platform integrates in silico scaffold selection with laboratory screening to optimise potency, selectivity, and safety. By leveraging its ISEP and CREATe technologies, VRG Therapeutics aims to accelerate the discovery of highly selective therapeutic candidates for complex disease targets. Founded in 2023, they have €5 million to advance its research pipeline and platform capabilities.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!
