Lisbon-based TEKEVER specializes in AI-enabled Unmanned Aerial Systems and has achieved a valuation over £1B following a recent funding round. This investment, led by Ventura Capital and supported by key partners including the NATO Innovation Fund, aims to enhance the company's operations. With a focus on integrating AI and fostering government-industry partnerships, TEKEVER is set to advance its Project Overmatch, a £400M initiative intended to bolster the UK’s defense capabilities and create high-skilled jobs amidst evolving security challenges in Europe.
The funding will help the company to accelerate its continued expansion across Europe. They are integrating increasingly sophisticated AI and software into their platforms.
Their uncrewed surveillance solutions were instrumental in helping Ukraine counter Russian aggression, continuously innovating at the pace of conflict.
The funding supports Project Overmatch, which will catalyse AI and autonomy development in the UK, creating jobs and enhancing NATO's technological capabilities.
The four core pillars of OVERMATCH aim to transform the UK's defense sector and reinforce collaborations between government and industry.
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