Ukrainian Farsight Vision, which is working on drone autonomy, has raised $7.2 million
Ukrainian-Estonian miltech startup Farsight Vision has raised $7.2 million in a new investment round. What will the funding be used for?
Ukrainian-Estonian miltech startup Farsight Vision has raised $7.2 million in a new investment round. What will the funding be used for?
According to Defender Media, the company’s valuation is not disclosed.
The round was led by the American corporation Axon Enterprise and the Estonian state fund SmartCap Defence Fund. The Estonian fund Darkstar made a reinvestment in the startup.
«Farsight Vision builds decision-making systems in one of the most complex environments in the world. We are pleased to support a team whose work in Ukraine generates insights that can improve the interaction between people and autonomous systems on a global scale,» said Axon founder and CEO Rick Smith.
Farsight Vision co-founder and CEO Viktoriya Yaremchuk said that the new investments will help the company combine its products into a system solution that will allow for autonomous decision-making at every stage of combat drone missions. These include reconnaissance flights, generation of targets with coordinates, rapid transfer of targets to loitering munitions, as well as navigation of strike platforms in the «last mile».
«We are not going into the guidance system, because a fairly large number of teams are already working on it, but we can close all the stages before it. We are striving to create an autonomous system in which the reconnaissance drone and the strike drone are either one entity, or two planes that coordinate with each other within a matter of seconds,» Yaremchuk noted.
To this end, Farsight Vision plans to actively invest in the team and R&D, as well as in the development of its own hardware. It also aims to open representative offices in the Baltics, Scandinavia, as well as the UK.
This year, the company agreed to directly integrate its software with reconnaissance drone manufacturers Mara Drone and Besomar. Now, the «photo drones» can be supplied to units with an already installed aerial imagery processing and terrain analysis system, without separate retrofitting on site.
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«Maximize drone situational awareness to reduce losses.» How startup Farsight Vision helps the military plan missions using terrain analysis
«Maximize drone situational awareness to reduce losses.» How startup Farsight Vision helps the military plan missions using terrain analysis
Ukrainian Farsight Vision integrated its software into Mara and Besomar drones to supply «photo drones» to the military
Ukrainian Farsight Vision integrated its software into Mara and Besomar drones to supply «photo drones» to the military
Darkstar invested €600,000 in Ukrainian-Estonian battlefield intelligence startup Farsight Vision
Darkstar invested €600,000 in Ukrainian-Estonian battlefield intelligence startup Farsight Vision
