Drone maker Airlogix is in talks to raise $100 million at a $2 billion valuation. That would make it Ukraine’s most valuable venture-backed defense tech company, ahead of UForce
The Fourth Law and Odd Systems launched Project Foundation to build thermal sensor factories in Europe and the US, starting in 2027
Tencore’s new AI KIT lets ground robots keep driving their route, or return to base, after they lose contact with the operator
and more …
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Ukrainian-American autonomy developer Bavovna has partnered with Excalibur International, part of Czech defense group CSG, to bring its navigation technology into international defense projects. Excalibur will coordinate commercial activities and use its customer relationships to expand Bavovna’s market access, with applications planned for unmanned vehicles operating in the air, on the surface, and underwater.
Bavovna develops systems designed to help drones withstand electronic warfare and continue operating independently when satellite connections are unavailable. Its adaptive autonomy technology allows unmanned systems to adjust to changing conditions without continuous human intervention. Founded by Ukrainian expatriates in 2022 and headquartered in Charleston, South Carolina, Bavovna previously entered the US Air Force Labs MassChallenge program.
Ukrainian companies The Fourth Law and Odd Systems have launched Project Foundation, an initiative to manufacture thermal imaging sensors in Europe and the United States, with production scheduled to begin in 2027.
Their ambition is substantial: quadruple European output and double American output within three years. Headquartered in Eindhoven, the Netherlands, the venture plans to combine dedicated production facilities with semiconductor foundry lines, starting with sites named First Foundation in Europe and Second Foundation in the U.S. It will develop its own uncooled infrared sensors, known as microbolometers, for drone, automotive, and robotics manufacturers. CEO Ihor Nakonechnyi says the commercial priorities are competitive prices, reliable supply, and high performance as customers increase production. Financing is planned through founder investment, outside equity, debt, grants, and customer preorders.
Ukrainian drone manufacturer Airlogix is in talks to raise $100 million at an expected $2 billion valuation, according to two people familiar with the plans. A completed round on those terms would make it Ukraine’s most highly valued venture-backed defense technology company, overtaking UForce, which passed the $1 billion mark earlier this year.
Airlogix is expanding production abroad partly because investors remain reluctant to back businesses whose factories are concentrated in wartime Ukraine, founder Vitalii Kolesnichenko said. Its German joint venture with Auterion has already produced its first drones under a $348 million German government contract. The venture focuses on Anubis and Seth-X strike drones using Auterion’s AI software, with initial production destined for Ukraine’s armed forces. Airlogix also plans assembly in Finland with Innokas and has announced joint production with Canada’s Sentinel R&D.
