Ukraine's Buntar Aerospace raises $16M for reconnaissance drones
What's the deal? Ukrainian reconnaissance drone maker and software developer Buntar Aerospace has raised $16 million in a new round. Freedom Fund led the deal, with Gardar, Iron Wolf, and Autonomy CapitalDealroom has a profile for this one. Try Dealroom → also joining.
What's the endgame? Buntar makes the Buntar-3 reconnaissance drone and is developing Buntar Copilot, software that helps operators make decisions during combat missions. It plans to improve the software and enter international markets with dual-purpose technologies.
Where does the money go? The capital will fund new production capacity, faster product development, and hiring experienced engineers and managers.
The backstory: The round brings Buntar's total funding to $30 million. It previously raised $10.4 million, led by US security firm Axon EnterpriseDealroom has a profile for this one. Try Dealroom →, to build intelligence collection and processing technology.
The signal: Ukraine's wartime defence-tech sector keeps drawing capital, with investors betting that drone and software know-how forged in combat can translate into dual-use products abroad.
Read more: dev.ua
Image credit: Ken Lund
