Fundz

Unmanned Defense Systems raises €3.2M in debt financing to advance AI-based swarm drones

PRIVATEMay 24, 2024

Amount Raised

€3.2 Million

Round Type

Seed

VilniusManufacturingDefense & Space

Investors

Lithuanian Business Angel Network (Lit Ban)Business AngelsCoinvest CapitalErnestas KalabuckasVytenis Buzas

Description

Unmanned Defense Systems (UDS) has secured €3.2M in funding to scale its battlefield-tested UAVs and advance AI-based swarm integrations with contemporary battlefield management systems. The company aims to continue the development of proprietary swarm technologies, foster advancements in drone autonomy and inter-drone coordination, and strengthen NATO’s military capacity.

Quick answer

Unmanned Defense Systems raised €3.2 Million in a Seed round, dated May 24, 2024. Investors: Lithuanian Business Angel Network (Lit Ban), Business Angels, Coinvest Capital, Ernestas Kalabuckas and Vytenis Buzas. Unmanned Defense Systems is based in Vilnius, Vilnius County, Lithuania.

How much did Unmanned Defense Systems raise?
Unmanned Defense Systems raised €3.2 Million in a Seed round on May 24, 2024.
Who invested in Unmanned Defense Systems?
Lithuanian Business Angel Network (Lit Ban), Business Angels, Coinvest Capital, Ernestas Kalabuckas and Vytenis Buzas are named as investors in this round.
What does Unmanned Defense Systems do?
Unmanned Defense Systems researches, develops, designs and manufactures tactical military UAS systems.
Where is Unmanned Defense Systems based and how big is it?
Unmanned Defense Systems is based in Vilnius, Vilnius County, Lithuania. Fundz records about 7 employees.

Source: Fundz verified event record.

Who else raised in Defense & Space and Manufacturing around the same time

Companies in the same sectors as Unmanned Defense Systems that raised within 45 days of this round, from Fundz verified event records.

  • EVOS raised $4M (Funding Round) on July 8, 2024.
  • Polystyvert raised $16M (Series B) on July 8, 2024.
  • PostProcess Technologies raised $18M on July 8, 2024.
  • KC8 Capture Technologies raised $10M (Seed) on July 8, 2024.
  • iVP Semi raised $5M (Pre-Series A) on July 6, 2024.
  • alcemy raised $10M (Funding Round) on July 5, 2024.

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Company Information

Company

Unmanned Defense Systems

Location

Vilnius, Vilnius County, Lithuania

About

Unmanned Defense Systems researches, develops, designs and manufactures tactical military UAS systems. Based on an advanced modular complex, UDS drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.

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Unmanned Defense Systems raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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