Avalor AI, an Amsterdam, NL-based software company specializing in autonomous capabilities for unmanned military systems, raises €2 million in seed round.
Investors
The round was led by Keen Venture Partners.
Keen Venture Partners is a radically human venture capital firm that invests in fast-growing European scale-ups at the Series A and B stages across Europe and North America. They invest in information and communication technology companies.
Avalor AI Use of Funds
The company will use the funding to advance its technology, expand its market reach, and strengthen its operational capabilities within the defense sector.
About Avalor AI
Founded in 2021 by Maurits Korthals Altes, Jeroen Lappenschaar, and Marc Derksen, A, Avalor AI has developed the Nexus™ platform, which integrates artificial intelligence to enable autonomous planning, coordination, and execution of complex missions across air, land, and sea domains. The company’s hardware-agnostic artificial intelligence software allows for the integration and operations of unmanned systems from different OEMs and countries. It has already embarked on various projects with the Dutch Ministry of Defence and notable partners like the Estonian ground robot manufacturer Milrem Robotics and the Dutch drone manufacturer Deltaquad.
Funding Details
Company: Avalor AI B.V.
Raised: €2.0M
Round: Seed Round
Funding Month: June 2024
Lead Investor: Keen Venture Partners
Additional Investors:
Company Website: https://www.avalor.ai/
Software Category: Autonomous Systems
Source: https://www.eu-startups.com/2024/06/amsterdam-based-defense-tech-avalor-ai-raises-e2-million-to-enhance-military-unmanned-systems/