Ukrainian defensetech company M-Fly has raised new funding to accelerate the scaling of production of laser guidance systems and gyro-stabilized gimbals for drones.
Ukrainian defensetech company M-Fly has raised new funding to accelerate the scaling of production of laser guidance systems and gyro-stabilized gimbals for drones.
The company’s press service reported on the investment attraction to dev.ua. The round was also joined by existing investor Freedom Fund, Norwegian venture fund Gardar, specializing in defense technologies, and a new investor, whose name is not disclosed. The parties did not disclose the amount of the deal and the current valuation of M-Fly.
According to M-Fly founder and CEO Vladislav Mygovych, demand from Ukrainian customers and NATO allies grew significantly throughout 2026. The main factors were the expansion of the use of interceptor drones and the need for more affordable reconnaissance UAVs equipped with high-quality imaging systems.
"Even more important than the technical specifications is that the company has managed to build an effective unit economy, which allows it to set product prices much lower than those of its closest competitors. That is why we decided to support the next stage of its growth with additional financing," said Denis Hurak, co-founder and COO/CIO of MITS Capital.
M-Fly independently develops engines, lenses, cameras, and software. This approach allows it to keep the share of Chinese components in products below 6% and offer prices close to Chinese counterparts.
Additionally, in 2026, M-Fly moved its computing architecture from random access memory (RAM) to a graphics processing unit (GPU)-based platform to reduce dependence on the global shortage of memory chips.
"Amid the global crisis, which is called RAMageddon, we have become almost independent of specific hardware. This protects our supply chain and opens up opportunities for scaling," said Vladyslav Myhovych. According to his estimate, over the next five to seven years, the global market for drone cameras will exceed $100 billion.
In the first quarter of 2027, the startup plans to release the RB-100, the lightest product in its line, designed for small unmanned aerial vehicles.
M-Fly was founded in late 2023 as a volunteer project. By mid-2026, the company had raised a total of $1.4 million in investments and grants.
