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LTEconomy2 days ago

Lithuanian drone startup secures €2 million to expand across NATO

Lithuanian drone technology startup PDKinematics has secured €2 million in seed funding led by Coinvest Capital and Iron Wolf Capital. The funds will support expansion of the company's precision targeting systems, including deployment in a NATO member state's naval forces. The company's flagship product, Gannet, allows drones to strike targets from up to 700 meters altitude. PDKinematics has tested its technology in Ukraine and partners with Ukrainian and Italian drone producers.

Lithuanian drone technology startup PDKinematics has raised two million euros in seed funding to scale up its precision targeting systems across NATO member states, the company announced on Friday.

The funding round was co-led by venture capital fund Coinvest Capital and European defence technology investor Iron Wolf Capital.

The capital will be used to expand production and develop the company's precision targeting system in Europe and Ukraine. Gannet, the company's flagship product, is a precision targeting system that enables drones to strike targets accurately from altitudes of up to 700 metres.

PDKinematics says its technology has been tested in Ukraine, where it holds a strategic partnership with Bavovna.ai, one of the country's largest drone manufacturers. The company also collaborates with Italian drone producer SiraLab.

Among its immediate plans is the first deployment of its precision targeting technology within the naval forces of a NATO member state, though the company did not name the country.

The firm supplies precision targeting systems and components to drone manufacturers, defence system integrators and NATO forces.

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Source document: PDKinematics announcement

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LRT (English)State / PublicCenter2 days ago
Lithuanian drone startup secures €2 million to expand across NATO

Lithuanian drone technology startup PDKinematics has secured €2 million in seed funding led by Coinvest Capital and Iron Wolf Capital. The funds will support expansion of the company's precision targeting systems, including deployment in a NATO member state's naval forces. The company's flagship product, Gannet, allows drones to strike targets from up to 700 meters altitude. PDKinematics has tested its technology in Ukraine and partners with Ukrainian and Italian drone producers.

Bias read (Center): The article presents factual information about a private company's funding and technological developments without overtly favoring any political perspective. It mentions partnerships and testing in Ukraine but does not take a stance on geopolitical issues or present biased language.

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