The NATO Innovation Fund has joined Baillie Gifford in investing in TEKEVER, a leading European company in the AI-enabled Unmanned Aerial Systems (UAS) sector. Other investors include the National Security Strategic Investment Fund (NSSIF), Crescent Cove, Iberis Semper and Cedrus Capital.

This investment will accelerate TEKEVER’s growth by enabling investment in R&D to support product innovation – across current UAS and new product lines to ensure the company’s technology stays ahead of curve in the rapidly evolving technical landscape. TEKEVER will also use this funding to expand its global production, delivery and support footprint to meet the growing demand for its products and services.

“We’re living in a highly volatile world, experiencing exponential change and the transformative power of software, AI and robotics. TEKEVER was built to embrace and leverage this reality, providing its customers with future-proofed, AI-centric hardware-enabled systems that are produced at scale and effectively delivered and sustained globally. For our Series B, more than investment, we wanted to find partners that shared these beliefs and could help us execute on our Vision. We’re thrilled to have Baillie Gifford as a lead investor – an incredible organization with extremely long-term views, and an extensive track record of backing companies that have profoundly transformed our society. NIF, NSSIF and Crescent Cove bring profound knowledge and experience on the Global Security and Defence market to the table, both from a European and a US perspective, which will be important in helping us, and our customers, navigate the challenges ahead.” - Ricardo Mendes, CEO, TEKEVER

“Unmanned aerial system technologies are critical to advancing defence, security and resilience. We are thrilled to support TEKEVER – whose technology is revolutionising the defence and commercial intelligence, surveillance, and reconnaissance sectors – and look forward to collaborating with the company on identifying pathways to use its technology in order to support more governments and businesses across the Alliance” - Patrick Schneider-Sikorsky, Partner, NATO Innovation Fund

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