Physix FrontierTEKEVER
Series D of $580 million, co-led by UC Investments and Baillie Gifford, with new strategic investor Merlyn Advisors joining and existing shareholders Crescent Cove, Ventura Capital, and Iberis Capital increasing their stakes; post-money valuation of $6.4 billion. The funds will be used for robotics R&D, scaled manufacturing, and global business expansion.
View funding history →- Valuation
- USD 6.4B (as of 2026-09)
- Total funding
- USD 580M
- Data cutoff
- 2026-09-29
Company Profile
TEKEVER, founded in 2001 and headquartered in Lisbon, Portugal, is Europe's leading provider of AI-powered autonomous systems, centred on unmanned aerial systems (UAS) and intelligence services, with in-house full-stack capabilities spanning hardware, payloads and the ATLAS AI mission-management platform. Its UAS business has been profitable for six consecutive years; in 2026 it won the UK Ministry of Defence CORVUS programme, worth up to GBP 400 million over ten years, and brought the AR5 long-endurance UAS into service with the British Army. On 23 September 2026, TEKEVER closed a USD 580 million Series D at a post-money valuation of USD 6.4 billion, with proceeds earmarked for robotics research and development, scaled manufacturing and global expansion; wheeled, bipedal and quadruped mobile robot platforms are all on the roadmap.
- Founded
- 2001
- Headquarters
- Other
- Website
- www.tekever.com