Valkyrie Dynamics raises €1m pre-seed for radar technology
Hexa and defence technology angels backed the Lithuanian-headquartered company as it prepares for manufacturing.
Valkyrie Dynamics has raised €1 million in pre-seed funding from Hexa, with participation from defence technology angel investors. The company will invest in manufacturing, product development and hiring.
The business develops compact radar seekers for drone interception, designed to work in conditions where optical and thermal sensors are less effective. It is headquartered in Lithuania and operates its hardware research lab in Kyiv.
The financing follows development of a working prototype and the company’s entry into Hexa Sprint Defense. Valkyrie is testing with partners and plans European technical integration hubs as it moves toward production.
Use of funds
Manufacture radar seekers
Product development
Team expansion