Tekever Raises $580 Million At $6.4 Billion Valuation Led By University Of California Investments

Tekever, the Portuguese-British AI drone maker, raised $580 million at a $6.4 billion valuation in a round led by University of California Investments and Baillie Gifford, with participation from Merlyn Advisors, Crescent Cove, Ventura Capital and Iberis Capital. Founder and CEO Ricardo Mendes said the company will use the funding to expand internationally, scale its industrial and technology capabilities, and accelerate acquisitions; Tekever says its drones have logged more than 50,000 operational flight hours in Ukraine since 2022. FOUNDER: Ricardo Mendes INVESTORS: University of California Investments, Baillie Gifford, Merlyn Advisors, Crescent Cove, Ventura Capital & Iberis Capital AMOUNT: $580,000,000 VALUATION: $6,400,000,000 HQ: Lisbon, Portugal #VentureCapital #Tekever #RicardoMendes #TradedVC