Tekever Valued at 6.4B After Funding
Autonomous systems developer Tekever raised 580 million dollars in a Series D funding round. The investment values the defense technology company at 6.4 billion dollars. Tekever plans to use the capital to expand manufacturing and accelerate AI development.
Autonomous systems developer Tekever raised $580 million in a Series D funding round on Wednesday morning, valuing the defense technology company at $6.4 billion. The financing was led by UC Investments and Baillie Gifford. The valuation reflects surging investor demand for artificial intelligence in military hardware.
