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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 funding round was led by Scottish investment company Baillie Gifford & Co. and the NATO Innovation Fund.
  • Tekever's surveillance drones have been used for tracking migrant smugglers in the English Channel and have been deployed in Ukraine.
  • The company's approach of controlling all aspects of its operations, from design to software, allows for quick adaptation to customer needs and changing warfare scenarios.

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