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Portugal’s Tekever raises $74M for dual-use drone platform deployed to Ukraine
Nov 21, 2024
Tekever's recent $74 million funding round is making waves in the defense tech sector. They’re set to enhance dual-use drone technology while targeting expansion into the U.S. market. This shift illustrates a growing trend where smaller startups are challenging established defense giants, especially as demand rises due to ongoing conflicts like that in Ukraine. Innovation in drone capabilities is at the forefront, promising exciting developments in defense applications.
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Quick takeaways
- Tekever's €70 million funding highlights a shift towards smaller startups competing in the defense sector traditionally dominated by larger companies.
- The growth of drone technology in response to global events, such as the Ukraine war, is pivotal for both civilian and military applications.
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