TEKEVER, maker of SI surveillance drones, announces it has raised $580 million at a $6.4 billion valuation
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
TEKEVER reported a $6.4 billion valuation after being selected by the UK Ministry of Defence for the CORVUS program; according to the company, its drones have been used in operations in Ukraine since 2022.
Portuguese-British TEKEVER, by its own description, makes autonomous SI reconnaissance drones for military and civilian tasks. The company announced the first close of a $580 million Series D round; according to the company, it was led by UC Investments and Baillie Gifford, and a new investor is Merlyn Advisors, the consultancy of former UK Defence Secretary Ben Wallace. According to the company, the valuation is $6.4 billion, more than four times the previous one. According to the company, shortly before this the UK Ministry of Defence selected it for the CORVUS program to replace the British Army's reconnaissance drones (up to £400 million over ten years); also according to the company, its drones have flown more than 50 thousand hours in operations in Ukraine since 2022. According to the company, the money will go to expanding production and acquiring companies.
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