European defense technology companies have recently attracted substantial venture capital investments, underscoring a surge in innovation and valuation within the sector. Quantum Systems, a drone startup specializing in AI-powered aerial intelligence, secured €160 million in a Series C funding round, elevating its valuation beyond €1 billion. The company plans to scale production and expand its global footprint. Similarly, Tekever, another European AI defense company, achieved a valuation exceeding £1 billion and announced a £400 million expansion in the UK. Tekever's drones have played a critical role in Ukraine, and its OVERMATCH program aims to develop a next-generation AI-driven defense ecosystem. Additionally, Orca AI, supported by defense contracts and Starlink, raised $72.5 million to advance its autonomous shipping platform. Other notable developments include portfolio companies achieving breakthroughs such as world-first quantum entanglement with silicon spin qubits by diraqQC, scaling meat-like fat production by NourishFats with Cabio Biotech, and Levur's $1.2 million pre-seed raise for synthetic biology oils. These investments and technological advancements highlight a robust growth phase in European defense and related tech sectors.
🚀 Quantum Systems lands €160M to lead global aerial intelligence! Their AI-powered drones are transforming defence & industrial ops. With new funding, they aim to scale production & expand globally. 🌍 https://t.co/F2SCb7n9A5 #AI #Drones #Innovation #TechNews
🚀 Tekever, Europe’s latest AI defence unicorn, hits a £1B+ valuation and announces a bold £400M UK expansion! Their drones have been vital in Ukraine, and the OVERMATCH programme aims to build a next-gen AI-driven defence ecosystem. 🌟 https://t.co/sCNzdY0x25 #AI #Defence
🚀🦄🦄🚀 Zwei Einhörner an einem Tag! Das DefenseTech Quantum Systems sammelt 160 Millionen ein, das KI-Startup Parloa erhält 120 Millionen. Beide Unternehmen werden nun mit 1 Milliarde bewertet. https://t.co/mMe2qSpfNc