Tekever reportedly completes first stage of $580 million Series D financing
Techmeme, citing Bloomberg, reports a $6.4 billion valuation for the Portuguese surveillance drone maker after it secured a 10-year UK Ministry of Defence contract worth £400 million.
TLDR
TFNBreakingNews reports that Tekever has completed the first stage of a $580 million Series D financing round led by the University of California’s investment arm and Baillie Gifford. Techmeme, citing Bloomberg, reports a $6.4 billion valuation and says the funding follows a UK Ministry of Defence contract worth £400 million over 10 years.
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