Funded by Baillie Gifford, alongside support from the NATO Innovation Fund, our initiative aims to drive sustainable development through strategic partnerships and geographical expansion into key markets. This investment will enable continued product innovation and scale up manufacturing capabilities.
TEKEVER, the European market leader in AI-powered Unmanned Aerial Systems (UAS), has secured €70 million in funding, led by Dragoneer Investment Group, an early backer of Airbnb, Spotify, and SpaceX, along with NIF, a €1 billion venture capital fund backed by 24 NATO allies focused on advancing defence, security, and resilience through deep tech investments.
The consortium comprising NSSIF, a UK government-owned fund focused on supporting advanced technologies relevant to national security, LP, an investment agency based in Silicon Valley with expertise in the defence sector, and existing investors, including Cedrus Capital, backed TEKEVER’s initiative. The company was advised by The Progress Stage and Houlihan Lokey during the transaction process.
Newly hired traders bring valuable strategic expertise to fuel TEKEVER’s future growth and expansion. With a strong track record of successfully scaling pioneering, fast-growing companies over the long term, they offer valuable sector expertise and priority access to high-growth markets. Their expertise could be crucial in helping Tekever prepare for the next stages of their multinational growth strategy.
As a part of its development plan, TEKEVER, which is already worthwhile, will speed up funding in R&D to assist product innovation, each enhancing present UAS and growing new product strains to make sure its know-how stays forward of curve within the quickly evolving technical panorama and its merchandise proceed to exceed buyer expectations. TEKEVER may even increase its world manufacturing, supply and assist footprint to satisfy the ever-increasing demand for its services.
We’re living in an increasingly perilous world where exponential change and the revolutionary force of software, artificial intelligence, and robotics are dramatically reshaping our reality. Built to capitalize on the reality of rapid technological advancement, Tekever developed a suite of future-proofed, AI-driven solutions, leveraging scalable and globally deployable hardware-enabled methodologies to empower clients. To elevate our Collection B, we prioritized securing partners who not only matched our values but also shared our commitment to bringing this vision to life. We are delighted to have Baillie Gifford as a lead investor – an esteemed group with an impressive track record of supporting companies that have profoundly impacted society. NIF, NSSIF, and Crescent Cove bring unparalleled insight and expertise on the International Security and Defence market, offering a unique blend of European and US perspectives that will be invaluable in helping us and our clients navigate future challenges.?
According to Chris Evdaimon, Funding Supervisor at Baillie Gifford, “Tekever is a rapidly ascending and already valuable company, a rare combination of expertise in defence, national security, and space startups.” The company’s appeal lies in its drone-building strategy, which revolves around a software-driven, vertically integrated model, bolstered by TEKEVER’s real-world experience gained through operations in Ukraine and partnerships with organizations such as the UK House Office and European Maritime Security Agency.
Patrick Schneider-Sikorsky, a key figure in the NATO Funding Fund, noted that “The application of unmanned aerial system technologies is crucial for driving innovation in defence, security, and resilience.” We’re delighted to support TEKEVER, a pioneer in revolutionizing defense and business intelligence, surveillance, and reconnaissance sectors, and eagerly anticipate collaborating with the company to explore opportunities that leverage its expertise to benefit more governments and organizations across the Alliance.
TekEver provides cutting-edge drone-based intelligence solutions as a service, offering unparalleled aerial surveillance capabilities to survey vast areas in real-time, empowering clients to make data-driven decisions that prioritize timely and environmentally responsible responses to mitigate threats to human life, the environment, and the economy. Its dual-use know-how is employed by both civilian and military organisations, as well as private corporations, serving purposes that range from detecting environmental threats like oil spills, wildfires, or flash flooding to gathering intelligence and conducting search-and-rescue missions for defense and security purposes.
Unlike conventional aerospace corporations, TEKEVER’s vertically integrated structure enables full control over each subsystem and value chain, encompassing airframe design and manufacturing, payloads, avionics, software development, data analytics, and AI. This unique setup allows for rapid adaptation of products based on shifting market demands and global economic and political trends.
Proponents from across Europe, North America, and Southeast Asia have rallied behind the European Maritime Security Company, alongside esteemed partners such as the UK’s Ministry of Defence, various government agencies, and reputable defence and security firms. The TEKEVER platform has been successfully deployed in Ukraine, enabling the execution of complex, high-stakes intelligence, surveillance, and reconnaissance (ISR) missions under extreme operational and technical conditions, showcasing its exceptional performance and reliability.
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