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Portugal’s Tekever raises $74M for dual-use drone platform deployed to Ukraine
Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is
Unlike most traditional aerospace companies, Tekever controls all aspects of its operations from airframe design and manufacturing to payloads, avionics, software, data, and AI. In a statement, Chris Evdaimon, Investment Manager, Private Companies at Baillie Gifford, added: “We were attracted by Tekever’s approach to building drones – with a software-centric and vertically integrated model.” The U.K.’s National Security Strategic Investment Fund and Crescent Cove Advisors (based in Silicon Valley) also participated in the round, as did existing investors Iberis Semper and Cedrus Capital.
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