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European AI Drone Maker Tekever Leads Global Funding Surge with $580M Round | Lavamgam

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European AI Drone Maker Tekever Leads Global Funding Surge with $580M Round

Tekever just closed a $580 million Series D at a $6.4 billion valuation, making it Europe's most valuable AI drone startup. The round, led by UC Investments and Baillie Gifford, marks the University of California's first direct investment in Europe. The Portuguese-British company plans to use the funds for global expansion, industrial capacity, and acquisitions, following a UK Ministry of Defence contract worth up to £400 million over ten years.