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Blackwall hits €1B valuation as Estonia's newest unicorn

Estonian cybersecurity firm Blackwall has surged to a €1.03 billion valuation, according to the independent TopTech 2026 ranking. That's a leap of 368% over the past year, propelling the company to fifth place among Estonia's tech leaders. Blackwall's main product, GateKeeper, blocks harmful traffic before it reaches customers’ apps. The ranking is based on revenue multiples and recent funding trends. Blackwall’s status as a unicorn will be confirmed with its upcoming funding round.

Why it mattersBlackwall's jump reflects rising demand for cybersecurity and shows that sizable growth in this sector can still happen outside the established US and Israeli markets. The independent ranking gives a rare, data-backed look at valuations in the increasingly active Estonian tech scene.

Sources covering this

Tech.euBlackwall jumps 368% to become Estonia’s newest unicorn6:00 AM →
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