Drone Maker Tekever Raises €70 Million From SpaceX Backer, NATO
- Round led by Baillie Gifford and Nato Innovation Fund
- Tekever’s drones have searched for small boats in Channel
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Drone maker Tekever has raised €70 million ($74 million) in funding, which the company says it will use to expand into new markets and develop bigger, faster unmanned aerial systems.
The round was led by Scottish investment company Baillie Gifford & Co. – a backer of Airbnb Inc., Spotify Technology SA and SpaceX – and the NATO Innovation Fund, a venture capital fund connected to the North Atlantic Treaty Organization that invests in defense and security startups.