World & BusinessDrone maker Tekever reportedly hits $6.4 billion valuation and seeks acquisitions
CNBC reports the valuation as European defense startups raise sizable rounds. Bloomberg says Tekever is seeking acquisitions after the first close of a funding round targeting $580 million.
TLDR
Tekever, a Portuguese surveillance-drone developer, is seeking acquisitions after the first close of a funding round targeting $580 million, Bloomberg reports. CNBC reports a $6.4 billion valuation and describes Tekever as one of several European defense-tech startups raising sizable rounds amid regional rearmament. Bloomberg also quotes CEO Ricardo Mendes predicting “tremendous consolidation” in defense tech in the coming years and saying an IPO is “on our horizon.”
Drone maker Tekever reportedly hits $6.4 billion valuation and seeks acquisitions
CNBC reports the valuation as European defense startups raise sizable rounds. Bloomberg says Tekever is seeking acquisitions after the first close of a funding round targeting $580 million.
