Tekever's funding round, led by Baillie Gifford & Co. and the NATO Innovation Fund, underscores how smaller startups are increasingly challenging traditional defense companies.
As unmanned aerial drones evolve, driven by the war in Ukraine, companies like Tekever are positioning themselves effectively within this competitive landscape.
Tekever is poised for growth in the U.S. as it builds upon its experience in Europe, showing a shift in defense tech responsiveness.
CEO Ricardo Mendes emphasizes the urgency for Europe to enhance its defense technology capabilities in light of ongoing geopolitical tensions.
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