NewsDialy
Tekever, a European maker of artificial intelligence drones, has reached a $6.4 billion valuation. This figure reflects a broader surge in funding for defense technology startups across the continent.
The company is part of a wave of firms raising large rounds of capital during a period of increased military spending.
What the funding means The short version is that investors are moving money into defense tech faster than before. Tekever is one of several European startups securing sizable funding rounds.
This activity is happening alongside a rearmament campaign by countries in the region. In plain terms, nations are buying more military equipment, which creates a market for new technology providers.
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