Milrem Robotics discloses EUR 5.5M invested across 2019–2020
Milrem Robotics said named Estonian investors and key employees contributed a cumulative EUR 5.5 million across 2019 and 2020.
Evidence notes
- The EUR 5.5 million is a multi-period cumulative contribution total rather than one dated round amount.
- Named investors included Jüri Käo, Peeter Mänd, Heldur Meerits, Taavi Veskimägi and Gunnar Kraft.
- Milrem said the capital would expand its international sales network and product portfolio.
Company context
Develops unmanned ground vehicles, robotic combat vehicles, and autonomy software for defence applications. Milrem's core product family includes the THeMIS UGV, HAVOC robotic combat vehicle, and ARCOS command-and-control software, with systems in programmes or service across 20 countries.