The main investors were the Armira defense fund and the NATO Investment Fund. The manufacturer will use the funds received to scale its production capacities in Ukraine, Germany, and the markets of other allied countries.
The main investors were the Armira defense fund and the NATO Investment Fund. The manufacturer will use the funds received to scale its production capacities in Ukraine, Germany, and the markets of other allied countries.
TYTAN Technologies has successfully completed a pan-European financing round worth €30 million, bringing the startup's total raised investment to €46 million.
According to Defense Express, the raised capital will also allow developers to accelerate the creation of the latest anti-aircraft drones based on artificial intelligence. The company plans to integrate its interceptor drones into all echelons of air defense, even combining them with new-generation missile systems.
According to Patrick Schneider-Sikorsky, a partner at the NATO Investment Fund, this technology solves the problem of air defense shortages and helps to effectively and massively protect airspace from long-range strike drones.
The need to expand production is due to the rapid growth in demand for interceptors both in Ukraine, where they are tested daily in real combat operations, and in the countries of Eastern and Northern Europe.
To strengthen supply chains and create comprehensive protection systems, the startup has already begun collaborating with global defense giants.
In particular, the company signed a memorandum with Hensoldt to combine its own drones with the partner's advanced technologies into a single powerful solution to counter enemy UAVs.
