TEKEVER raises EUR 70 million Series B led by Baillie Gifford and NATO Innovation Fund

Nov 20, 2024 · Funding · TEKEVER · Aerial

TEKEVER raised a EUR 70 million Series B to fund UAS product innovation, production-capacity scaling and geographic expansion.

TEKEVER company media
Company media · TEKEVER
  • TEKEVER raised EUR 70 million in a Series B funding round led by Baillie Gifford and backed by the NATO Innovation Fund.
  • Other investors included NSSIF, Crescent Cove, Iberis Semper and Cedrus Capital.
  • The capital supports product innovation, production-capacity scaling and expansion into priority markets.

TEKEVER develops AI-driven autonomous systems for defence, security and maritime surveillance. Its AR-series UAS family and ATLAS software support long-endurance ISR, border surveillance, search-and-rescue, environmental monitoring, electronic-warfare and operational intelligence missions.