TEKEVER closes new round at valuation above £1B
TEKEVER announced a new financing fully subscribed by existing investors, confirming a valuation above £1 billion.
Evidence notes
- Ventura Capital led the round, with Baillie Gifford, the NATO Innovation Fund, Iberis Capital and Crescent Cove participating.
- The financing accompanied a five-year £400 million UK investment plan spanning research, infrastructure and manufacturing.
Company context
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.