Business news from Ukraine

Business news from Ukraine

AI startup Swarmer receives $15 mln to scale swarm drones

Ukrainian startup Swarmer, which develops artificial intelligence-based solutions for drone autonomy, has announced a $15 million Series A funding round, which it says is the largest investment in a Ukrainian defense technology company since the start of the war.

According to the company’s press release, the round is led by Broadband Capital Investments with participation from R-G.AI, D3 Ventures, Green Flag Ventures, Radius Capital, and Network VC.

“Our software has proven its effectiveness in real combat conditions during tens of thousands of missions,” said Swarmer founder and CEO Serhii Kuprienko in the press release.

“Swarmer’s technologies have already proven their effectiveness on the battlefield. This historic investment will enable the company to provide swarm capabilities to every UAV — it will be possible to deploy an unlimited number of drones and robots, regardless of the number of trained pilots,” First Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov wrote on Telegram on Tuesday.

The release also states that using data from more than 82,000 of its own combat missions and millions of others, the system is trained to replicate the results of the best pilots and make accurate tactical decisions in real time.

The company emphasizes that Swarmer has successfully demonstrated the operation of swarms of 25 drones working together in the absence of GNSS. In the near future, it plans to demonstrate operations using various types of weapons, involving more than 100 drones of different types working in coordination to seamlessly integrate UAS, USV, UGV, and stationary launchers into a single swarm that will function as a single unit.

The company was founded by Sergey Kuprienko and Alex Fink in May 2023.

 

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