Economy · World
Drone maker Tekever raises $580 million, valued at $6.4 billion
European autonomous systems developer Tekever announced on September 23 that it raised $580 million in the first close of a Series D funding round. The round was led by UC Investments and Baillie Gifford. The funding values the defense technology company at $6.4 billion. Tekever stated the funds will be used for international expansion. The company's valuation has been spurred by the Ukraine war, which has increased demand for defense technology.
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- Centre (3): CNBC, Channel News Asia, Reuters