Funding

Avalor AI funding news – Defense Tech Startup Avalor AI Secures €2 Million in Seed Funding

Jun 19, 2024 | By Startup Rise EU

Amsterdam-based Avalor AI secures €2 million in seed funding, led by Keen Venture Partners, to accelerate autonomous capabilities of unmanned military systems.

Amsterdam-based Avalor AI secures €2 million in seed funding, led by Keen Venture Partners, to accelerate autonomous capabilities of unmanned military systems.

Avalor AI's NexusTM platform, which envisions "multi-domain distributed mission autonomy," allows unmanned systems in the air, land, and sea to cooperate plan, coordinate, and carry out complicated tasks autonomously using a single human-machine interface.

The company's artificial intelligence software, which is independent of hardware, enables the integration and operation of unmanned systems from many OEMs and nations.

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The investment demonstrates the growing significance of venture capital in supporting the development of innovative defence technologies, especially in light of the continuing crisis in Ukraine.

Avalor AI will use the money to expand further into the European market by focusing on strategic collaborations and deployments across important NATO allies, as well as to expedite the development and implementation of their revolutionary solutions, with the backing of Keen Venture Partners.

Maurits Korthals Altes, CEO of Avalor AI said, “With the backing of Keen Venture Partners, we are positioned to revolutionize the operational capabilities of unmanned systems in Europe, 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.”

About Avalor AI

Avalor AI was established in 2021 and has since established itself as a pioneer in the autonomous systems industry. In order to demonstrate the usefulness and advantages of its technology in real-world situations, it has already started a number of initiatives with the Dutch Ministry of Defence and eminent partners like the Dutch drone manufacturer Deltaquad and the Estonian ground robot firm Milrem Robotics.

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