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Broswarm raised $874,000 in a seed funding round led by the Lithuanian Business Angel Network to refine technology for mine detection using autonomous drones.

Nov 06, 2024about 1 year ago

Amount Raised

$874,000

Round Type

seed

VilniusInformation Technology

Investors

Undisclosed Private InvestorsStartup Wise GuysLithuanian Business Angel Network (Lit Ban)

Description

Broswarm, a Vilnius-based startup, has successfully secured $874,000 in seed funding to enhance its defensetech innovations. The investment will go towards refining their drone technology for more efficient mine detection operations.

Company Information

Company

Broswarm

Location

Vilnius, Vilnius County, Lithuania

About

Broswarm is a defence tech startup dedicated to changing the global approach to mine detection. Leveraging advanced multisensor fusion technology, AI and drones, we aim to significantly increase the speed, safety, and efficiency of demining operations worldwide, saving lives and restoring land to safe use.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech