Amsterdam-based defense tech Avalor AI raises €2 million to enhance military unmanned systems
Summary
Dutch software company Avalor AI has successfully raised a seed round of €2 million, led by Keen Venture Partners, to accelerate autonomous capabilities of unmanned military systems. The company’s hardware-agnostic artificial intelligence software allows for the integration and operations of unmanned systems from different OEMs and countries. The investment reflects the growing importance of venture capital’s role in funding defence technology innovation, particularly in response to the ongoing conflict in Ukraine. “With the backing of Keen Venture Partners, we are positioned to revolutionize the operational capabilities of unmanned systems in Europe,” said Maurits Korthals Altes, CEO of Avalor AI. “Our Nexus™ software is designed to bring unprecedented levels of autonomy and interoperability, ensuring that various unmanned systems can work together seamlessly, regardless of their country of origin.”