South Summit Madrid 2026: Mitiga Solutions Wins, Plus the Standouts
Mitiga Solutions took the Global Winner title as Madrid's most international edition pushed AI into health, capital markets, water, and defense.
South Summit's 15th edition filled La Nave from June 3 to 5 with its most international cohort to date: 100 finalists pulled from more than 4,500 applications across 110 countries, 26 nations represented. Half build AI as their core technology. But the real story is not the AI count, it is where the AI is going. The strongest finalists are pushing into hard, regulated sectors, health diagnostics, capital markets, water, cybersecurity, energy, and this year, defense, where a working product matters more than a slide. The other throughline is geography: South Summit remains Southern Europe's clearest bridge into Latin America, and the LatAm-facing companies here carried real revenue, not just ambition.
This was also a mature room. 57 percent of finalists generate more than $150,000 in revenue, 60 percent have raised over $1M, 36 are already at scaleup stage, and 46 hold at least one patent. Madrid opened with a first-ever Defense and AI vertical, NATO's DIANA included, a clear read on where European deep tech and capital are heading.
The jury crowned Mitiga Solutions the Global Winner on closing night. Here are the awards, the standouts, and the rest of the cohort.
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The Global Winner
Mitiga Solutions [Climate Tech] took the Global Winner title. The Barcelona company's EarthScan platform measures and reduces the physical climate risk sitting on a company's assets and infrastructure, combining supercomputing, AI, and its own climate models to price exposure precisely. As extreme-weather events grow more frequent, that turns climate adaptation from a guess into a calculation, and it is exactly the kind of applied, infrastructure-grade AI this edition rewarded. Mitiga also won the Climate Tech and Sustainability vertical.
The Category and Vertical Winners
Beyond the grand prize, the jury handed out four cross-cutting awards plus a set of vertical wins.
- Most Sustainable: Macadam [Consumer] The walk-to-rewards app also won the Consumer vertical, with users lifting their physical activity by about 25 percent on average.
- Most Disruptive: Floatech [Industry] The Getafe company makes next-generation silicon battery anodes through a patented process that drops copper foil, binders and solvents, cutting cost and improving sustainability. It also won the Industry 5.0 vertical.
- Most Scalable: Wise CX [Enterprise] The Argentine startup runs an AI omnichannel customer-experience platform: chatbots, conversation analytics, social listening and mass messaging in one unified view. It also won the Enterprise Solutions vertical.
- Best Team: Xplora [Mobility] The Italian company uses AI to map underground infrastructure, combining remote sensors and data analysis to locate pipes, utilities and buried risks as precise 3D models. It also won the Mobility and Smart Cities vertical.
Other vertical winners: LunaLift took Digital & Tech Solutions, Granter took Fintech and Insurtech, STEMDO took Future of Work and Talent, and Altum Sequencing took Health.
The Standouts
Flomics Biotech [Healthtech]
A liquid biopsy built on cfRNA rather than DNA, detecting Stage I cancers at around 80 percent sensitivity and pinpointing tissue of origin. More than 6M euros raised (over 60 percent non-dilutive), 700K euros in revenue, and 30+ clinical collaborations including the NHS, Oxford University Hospitals and Clinic Barcelona. One of the more clinically serious companies in the cohort.
Paynest [Fintech]
An AI finance platform that folds expenses, invoices, cards and reimbursements into one system, with compliance built for Iberian regulation rather than bolted on. Over 200 customers including CTT, Fidelidade, BP and PwC. The wedge is regulatory: a moat foreign competitors keep underdelivering on.
Secur0 [Cybersecurity]
The largest network of Spanish-speaking ethical hackers, selling continuous offensive security where clients pay only for validated vulnerabilities. Bootstrapped from 3,000 euros of share capital to 1M euros in revenue in 19 months, with 1,500+ verified hackers and clients including Telefonica via Wayra. A rare profitable security story.
Ailytics [AI]
Computer vision for safety and productivity in heavy industry, converting single-camera feeds into 3D scene understanding without extra sensors. Roughly 3.9M USD ARR, 400+ active projects across 11 countries, 170+ customers. One of three Singapore startups in the final 100, and proof the cohort reaches well beyond Europe.
Brokerware [Fintech]
A front-to-back operating system for capital markets, replacing the 8 to 15 disconnected tools a broker-dealer stitches together today. Runs roughly half of Paraguay's capital markets industry, with Itau and Miami-based Insigneo as anchor clients. The clearest LatAm infrastructure play in the room.
Macadam [Healthtech]
A European app with 15M users that turns daily steps into rewards, aimed at the sedentary majority rather than athletes. Bootstrapped, profitable, a team of 36, and presence in 51 countries. Scale and discipline that most finalists are years away from.
Coalex.ai [AI]
A vendor-neutral trust layer that governs AI agents at runtime, mapping controls directly to frameworks like the EU AI Act. Early pilots with Fidelidade and Luz Saude, first institutional funding closed. It sits exactly on this year's theme: AI adoption gated by governance, not capability.
Arq Quantum Technologies [Deep Tech]
Quantum repeaters aimed at making a quantum internet viable, with massive multiplexing for high-rate communication over long distances. The technology selected by the Quantum Internet Alliance, already working with Cellnex and holding a Telefonica LOI. The longest-horizon bet here, and a signal of Europe's deep-tech appetite.
anyformat [AI]
A production layer for document AI that grounds every extracted value to the exact pixel with calibrated confidence. 1M docs processed, customers including L'Oreal, the Government of Singapore and Iberia.
mettis AI [AI]
Patented computer vision that makes driving certification objective, approved by Spain's DGT, working with 100+ driving schools and a logistics deal covering 20,000 trucks.
LunaLift [AI]
Infrastructure that reads AI-search signals and auto-executes optimization for customer growth. Google Scale AI, NVIDIA Inception and Cloudflare partner.
Soource [AI]
A multi-agent platform automating supplier intelligence, compressing weeks of market scouting into days. 800K ARR, 58 enterprise customers.
Predictheon [Healthtech]
AI that anticipates surgical complications before they happen, validated on 4,000+ patients at Hospital Clinic de Barcelona.
Moonlight AI [Healthtech]
Computer vision detecting genomic biomarkers from routine liquid tumor sample images, no extra processing, results in minutes. Seed round closed.
60Nd [Biotech]
NeoMag applies non-invasive mechanical forces to cells so pharma can screen drug candidates under realistic conditions. First revenue in 2025, 2.4M euro EIC Transition grant.
Nanogrow Biotech [Biotech]
Localized nanobody therapies for cancer and immune disorders, around 90 percent anti-tumor efficacy in vivo. Five pharma agreements, 750K USD projected 2026 revenue.
MOBI LATAM [Fintech]
Subscription electric motorcycles plus battery-swapping and embedded financing, cutting last-mile rider costs by 40 percent. 178 active riders, a Rappi partnership, operating across Bolivia, Paraguay and Peru.
boxful [Enterprise Software]
Software-powered logistics infrastructure for e-commerce across Latin America. 10M USD ARR and 6,000+ SMEs.
Ciudadela [Consumer Tech]
An agentic operating system for property management, built by former operators. 2,500+ communities managed, on track to surpass 3M euro ARR in 2026.
PowerUP Energy Technologies [Climate / Energy]
Portable hydrogen fuel-cell generators as a clean alternative to diesel, deployed across most continents. Series A closed in 2025.
URAPHEX (Urtech Water) [Climate / Energy]
Chemical-free water regeneration cutting industrial water use by up to 90 percent, in commercial deployment with Volkswagen, Florette and Cinfa.
Dottir Labs [Climate / Energy]
Real-time chemical intelligence and control for water industries, platform technology developed at MIT, MOU signed with a Norwegian aquaculture firm.
NPHarvest [Climate / Energy]
Recovers nutrients from wastewater and turns them into recycled fertilizers, low operating cost, pilots in three locations with first deals close.
ZYON Helmets [Robotics / Hardware]
A motorcycle helmet with patented air-filtration against pollution and allergens. Global patent secured, an AUDI Startup Challenge win at VivaTech, 6,000+ organic reservations.
Tangy Market [Fintech]
A marketplace for investing in music royalties and cultural IP like stocks. Roughly 6,000 users and around 15 percent historical annual yields.
Impressora [Fintech]
Circular-economy 3D printing moving into manufacturing and international sales, with marine reconstruction projects underway.
The rest of the cohort
MedicubeX, iYoni App, NIGAL, Miramoon, Ocean Oasis, UniSCool, Spendbase, ONO, Secrets Vault, Qualla, DeepNeuronic, Stemdo, Initiativ, Libertify, Tissue Dynamics, Service Club, MESPAC, PhenOlives, OmniShelf, Manie, NanoChronia, FindNido, Naltilia, tranSkriptorium AI, Valeria, Dealcar, Metadataworks, EthicHub, Mapsi, simplyblock, Ravenwits, Solfium, Judit, iCook, CryptoMate, LoopOS, Ainwater, Sendsteps AI, Xplorobot, Ubicuity, Worksible, LOVI.ai, Astroteq.ai, Mobi, Autentik AI, Space to Grow, Kincode AI, Fibrazo.
The so-what
The center of gravity in Madrid this year was applied AI with a regulated buyer: health systems, capital markets, compliance teams, industrial operators, and for the first time a defense track. That is a maturing cohort, less novelty and more product-market fit. And the strongest LatAm-facing names, Brokerware, MOBI, boxful, carried live revenue, which is the real reason South Summit still earns its place as Europe's gateway into the Ibero-American market.
