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Thursday 24 September 2026

TEKEVER raises $580M for defence drones

Chart of the day

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Unicorn conversion by years since Seed. Cumulative unicorn conversion by years since each qualifying $1M–$4M Seed.

Of the startups that raised a $1M–$4M Seed round in 2015–2019, 2.8% in the Bay Area became unicorns within six years. In London it was 1.2%. The faded lines are the two earlier cohorts, 2005–2009 and 2010–2014, tracked for longer.

Just raised

All funding news
  • TEKEVERLisbon$580M Series D

    AI-powered autonomous UAS and surveillance-as-a-service for defence and maritime security. Led by UC Investments and Baillie Gifford.

  • Enveda BiosciencesBoulder$311M Series E

    AI-native biotech discovering oral medicines from life's chemistry. Led by Catalio Capital Management.

  • Hubble NetworkSeattle$200M Series C

    Global Bluetooth-to-satellite connectivity for everyday IoT devices.

By country

  • US$36B
  • China$6.2B
  • France$4.6B
  • UK$3.4B
  • Netherlands$907M
  • India$852M

By sector

  • Enterprise software$17B
  • Health$8.5B
  • Energy$7.3B
  • Semiconductors$6.5B
  • Transportation$6.3B
  • Security$5.7B

$59B across 1,712 rounds in September so far, by headquarters and by sector.

  • ToadworxWichita$25K raised

    Affordable night vision and tactical hardware.

    LSBEJHLogan Schraeder, Blain Egan & Jed Heersche founded it. Schraeder worked at US Department of Defense, Special Operations Command and Textron Aviation. Egan worked at Pizza Hut and Mid Continent Controls.

  • MoonshotSan Francisco$125K raised

    Personal intelligence that lives on your iPhone and listens 24/7.

    DPOKTYDylan Pak, Ojas Kandhare & Tario You founded it. Pak worked at Keiretsu Forum Toronto and Digital Mapping Solutions. Kandhare worked at Uwmheartinstitute and RunwayAI.

  • Limosa ImmunodiagnosticsEmmen$385K raised

    Platform for high-sensitivity, single-cell T-cell proliferation analysis.

    FBGVFrans Bianchi & Geert van den Bogaart both studied at University of Groningen.

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