German defense startup ARX Robotics, which specializes in self-driving, modular battlefield robots, has secured €31 million in Series A funding led by HV Capital. The investment round also included support from Omnes Capital, the NATO Innovation Fund, and Project Acom. ARX Robotics plans to use the funds to develop its military vehicles and build a manufacturing plant in England. The startup is part of a broader surge in European defense technology investment, particularly in Germany, where venture capital is increasingly directed toward military technology startups. This trend is driven by heightened interest in advanced defense capabilities amid ongoing geopolitical tensions, with European startups attracting tech talent, including former employees from major American firms.
Les start-up européennes de défense connaissent un afflux de talents tech, y compris d'anciens employés de géants américains. Un phénomène porté par le patriotisme et l'attrait des technologies de pointe. https://t.co/IpbaQ17lVS
European venture capital is turning to military technology start-ups, and nowhere more so than in Germany. Auto translated from "Ukraine-Krieg: Deutsche Start-ups testen Waffen und gewinnen Investoren" in @derspiegel. https://t.co/EJ1PSkUdk9
NATO-Backed German Defense Startup, ARX Robotics, Raises Funds for UK Plant https://t.co/d0vFUFT5Ku #OODA