"Finnish startup NestAI has raised €100 million (about $115 million) in a funding round led by Finland's sovereign fund, Tesi, and hardware giant Nokia to build AI products for use in unmanned vehicles, autonomous operations, and command and control platforms. NestAI has also struck a partnership with Nokia to build AI products for defense applications and develop " physical AI," which involves using large language models and related technology for robotics and other real-world applications."
"This focus on sovereignty may explain why NestAI has been in stealth so far, but it is now building in public, supported by Sarlin, who has been funding the venture for the past few months through his family office, PostScriptum. "In line with PostScriptum's mission, NestAI has from the start set out to become Europe's leading physical AI lab to drive technological sovereignty," Sarlin told TechCrunch. "This partnership also marks an important step in securing Europe's defense capabilities and sovereignty.""
NestAI secured €100 million from Finland's sovereign fund Tesi and Nokia to develop AI products for unmanned vehicles, autonomous operations, and command-and-control platforms. The company partnered with Nokia to create defense-oriented AI and to advance "physical AI," applying large language models and related technology to robotics and real-world systems. Funding will support the establishment of a leading European physical AI lab focused on technological sovereignty and defense capabilities. NestAI plans to support the Finnish Defense Forces in AI adoption. The venture was initially funded via PostScriptum, and Peter Sarlin will serve as chairman while the company recruits leadership and technical talent.
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