Tekever hits a $6.4bn valuation and plans acquisitions with its new round

Image for article Tekever hits a $6.4bn valuation and plans acquisitions with its new round
News Source : The Next Web

News Summary

  • Surveillance drone maker Tekever announced the first close of a $580m Series D the same day.
  • The round values the company at $6.4bn.
  • UC Investments, the investment arm of the University of California, led the round with Baillie Gifford.
  • The money will fund international expansion, manufacturing and technology capacity, and strategic acquisitions.
  • It will also speed up development of its AI-powered autonomous systems.
  • It has been active in Ukraine since Russia’s full-scale invasion in 2022.
The fund raise is precisely designed to support that growth, not only organically, developing new technology, but through acquisitions.

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