Ukraine Business News ’s Post

The Green Flag Ventures Capital Fund of American entrepreneur Justin Ziff and his business partner Deborah Fairlamb, specializing in investment into Ukrainian defense startups, announced an investment in Karadag Technologies, a Ukrainian anti-UAV and electronic warfare systems developer. Karadag addresses one of the most pressing challenges in modern warfare: the threat posed by unmanned aerial systems (UAS). Their flagship products detect, track, jam, and neutralize enemy drones with unparalleled precision. This investment will allow Karadag to meet existing demand and satisfy a growing international market. Details of the deal were not disclosed. The global counter-UAV market is forecast to exceed $10.5B by 2030, and Karadag is well-positioned to meet both current and future demand. “Collaboration with Green Flag Ventures is a key moment for Karadag. It allows us to scale our operations, improve our technology, and expand our influence in both the military and civilian sectors – all over the world,” the company said. One of Karadag’s products is the Obriy drone detector, which notifies users of a drone’s approach from 2.5 to 4 kilometers away.

An American venture capital fund invests in a Ukrainian developer of anti-drone systems. The Green Flag Ventures Capital Fund of American entrepreneur Justin Ziff and his business partner Deborah Fairlamb, specializing in investment into Ukrainian defense startups, announced an investment in Karadag Technologies, a Ukrainian anti-UAV and electronic warfare systems developer. Karadag addresses one of the most pressing challenges in modern warfare: the threat posed by unmanned aerial systems (UAS). Their flagship products detect, track, jam, and neutralize enemy drones with unparalleled precision. This investment will allow Karadag to meet existing demand and satisfy a growing international market. Details of the deal were not disclosed. The global counter-UAV market is forecast to exceed $10.5B by 2030, and Karadag is well-positioned to meet both current and future demand. Collaboration with Green Flag Ventures is a key moment for Karadag. It allows us to scale our operations, improve our technology, and expand our influence in both the military and civilian sectors – all over the world,” the company said. One of Karadag’s products is the Obriy drone detector, which notifies users of a drone’s approach from 2.5 to 4 kilometers away.

Firestorm, a #SanDiego, #California-based Unmanned Aerial System (#UAS) manufacturer that is leading the charge in expeditionary #additivemanufacturing has announced $12.5M in seed investment by Lockheed Martin Ventures and prominent defense investors. "Firestorm is excited to announce this latest round of funding that will propel the company forward to shape the rapidly evolving needs of a UAS-dominated battlefield and a defense industrial base ripe for revolutionary manufacturing models," said CEO Dan Magy . "Our investors understand the pressing need for delivering technologies quickly and with the interoperability that today's warfighters demand, and we are thrilled to welcome Lockheed Martin Ventures partnership in this mission." Bringing best-in-class engineering capabilities from the commercial advanced manufacturing space, Firestorm's xCell line allows for its proprietary, 3D-printed, interconnected, and interchangeable airframe component technology to be manufactured at the edge, an approach that will fundamentally change the nature of warfare for the United States, its partners, and its allies. Lockheed Martin, Decisive Point, Silent Ventures, 645 Ventures, Overmatch Ventures, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Beyond Capital, and RedCat are among the notable names who have invested in Firestorm.

#Update MS Dhoni has increased his investment in Garuda Aerospace Private Limited, a drone startup preparing for an IPO. Dhoni now owns 1.1% of the company. He is impressed by Garuda's global expansion and positive impact on agriculture, defense, and other sectors. Garuda Aerospace Private Limited's founder, Agnishwar Jayaprakash, admires Dhoni's influence on emerging drone technology. Garuda has partnerships with Thales, Agrowing, and Spirit Aeronautics. It aims to expand into defense technology and offers 50 unique services with over 400 drones and 500 pilots. Read the story: https://ow.ly/Jrka50TFysy #MSDhoni #GarudaAerospace #DroneStartup #IPO #AgricultureTech #DefenseTech #GlobalExpansion #ThalesPartnership #Innovation #TechNews

We’re excited to announce our investment in TEKEVER, a European leader in Unmanned Aerial Systems (UAS), as part of their €70M funding round. Led by Baillie Gifford and backed by the NATO Innovation Fund (NIF), Crescent Cove Advisors LP, the National Security Strategic Investment Fund, Iberis Capital and Cedrus Capital, this investment will support TEKEVER’s continued expansion into key global markets and help accelerate their advancements in UAS technology.   As a Silicon Valley-based firm with deep experience in the defense sector, Crescent Cove is thrilled to be part of TEKEVER’s journey. We believe TEKEVER’s robust vertical integration and AI-first approach leverages the platform’s agnostic command and control system to create compound effects on mission capabilities and cost. We are excited to support TEKEVER in its next phase of growth and look forward to their continued leadership in the defense technology space.   With impressive achievements including double-digit growth, expansion into the UK and France and breakthroughs in AI and robotics, TEKEVER is primed for the next chapter. This funding will help scale production, accelerate R&D and meet growing global demand for their solutions, which are already being deployed in defense, security and environmental applications. https://lnkd.in/gKhbrM7z

American drone manufacturer Skydio has raised an extension round of $170 million, adding to the $230 million Series E it closed early last year. The new tranche of funding brings in strategic investors like Japanese telecom operator KDDI Corporation and Axon, the creator of the taser and other police tech. It also includes previous investors, like Linse Capital, which owns more than 21% of the drone maker. The new funding comes at a time when defense tech funding is booming, with deals in the sector receiving over $9.1 billion in the first half of 2024. https://lnkd.in/e2Rrn7Pi

Defence tech startup Origin has raised €4 million to advance its precision-guided drone weapon systems, with €2.4M from Change Ventures, support from Silicon Roundabout Ventures, and €1.6M from EU and Latvian grants. This funding enables Origin to grow its engineering and sales teams, accelerating the rollout of its flagship ISR drone, BEAK. Addressing Defence Gaps The Ukraine conflict has highlighted the changing nature of warfare, prompting a re-evaluation of current defence tools. Origin’s BEAK fills critical gaps by offering a cost-effective, reusable, and robust alternative to traditional systems, which are often costly and vulnerable to electronic interference. BEAK: Setting a New Standard BEAK is a man-portable ISR drone featuring AI-driven autonomy and precision guidance that remains effective even under intense jamming, lowering costs per mission by retaining reusable components. This capability, combined with its ease of deployment, makes it a powerful asset for rapid-response defence forces. Agris Kipurs, CEO of Origin, commented: “We’re leveraging a decade of experience in autonomous drones to create an affordable solution that meets modern defence needs.” Andris K. Berzins, Partner at Change Ventures, noted: “I’ve known Agris and Ilya through their successful launch of Airdog. Their expertise and vision made investing in Origin a natural choice.” With significant traction in NATO-aligned regions, Origin is poised to redefine the precision weapons market. https://lnkd.in/fzpnPPW #defensetechnology #drones #innovation #funding #startup #ai #security #autonomoussystems #techforgood #militaryinnovation #investment #defense #aerospace #technology #venturecapital #engineering #innovationinaction #emergingtech #techinnovation #smarttech #advancedtechnology #entrepreneurship #robotics #artificialintelligence #dronetechnology #aerospacedefense

Here it is: The top 5 drone #startups to watch out for in 2024! 🌟 Check out the latest article by TechRound featuring BROSWARM and other startups revolutionizing the drone industry. From cutting-edge technology to groundbreaking missions, these startups are making waves in the field of defense and beyond! 💥 Read the full article here: https://bit.ly/4aGOeSX

🚁 Celesta Capital Offloads Stake in ideaForge in ₹27 Cr Bulk Deal. Celesta Capital has sold its stake in ideaForge, a leading drone manufacturer, for ₹27 crore through a bulk deal. This transaction marks a significant move in the investment landscape for both Celesta Capital and ideaForge. 💰 Deal Details: - Celesta Capital has offloaded its stake in ideaForge, amounting to ₹27 crore. - The bulk deal reflects Celesta Capital’s decision to capitalize on its investment in the drone manufacturing company. 🚀 Strategic Move: - The sale of the stake indicates Celesta Capital's strategic decision to exit its investment in ideaForge, likely after a period of significant growth and valuation increase. - This move allows Celesta Capital to reallocate resources and potentially invest in new ventures. 🔍 Market Impact: - ideaForge is renowned for its innovative drone technology and has established a strong presence in the defense and commercial sectors. - The bulk deal transaction showcases the growing investor interest and confidence in the drone technology sector. 📈 Future Prospects: - ideaForge continues to expand its market reach and develop cutting-edge drone solutions, maintaining its position as a leader in the industry. - The company is expected to use the momentum from this deal to further enhance its technology and scale its operations. 🛠️ Industry Significance: - The drone industry is witnessing rapid growth, driven by advancements in technology and increasing applications in various sectors, including defense, agriculture, and logistics. - ideaForge’s innovative solutions and market leadership make it a key player in the ongoing evolution of the drone industry. Celesta Capital's decision to offload its stake in ideaForge through a ₹27 crore bulk deal highlights the dynamic nature of the investment landscape in the high-growth drone technology sector. #CelestaCapital #ideaForge #DroneTechnology #Investment #BulkDeal #MarketGrowth #Innovation #TechIndustry #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Firestorm Labs announces $12.5M in seed funding led by Lockheed Martin Ventures and other prominent defense VCs Firestorm is building the future of modular, open-architecture unmanned aerial systems, supporting the warfighter's needs. Firestorm meets the needs of a changing operational environment, where traditional "manned" solutions will no longer be available. "Self-supported" is a new reality, and platforms must fill many more mission areas than typical UASs: ISR, EW/SI, and Kinetic solutions integrate seamlessly into a sleek, low-cost system that 3D prints in under 9 hours. https://lnkd.in/e7w6CJQ8