A London-based AI start-up has secured $135 million in funding amidst growing interest in the defence sector. The company plans to use the investment to further develop its AI-powered solutions for military applications, focusing on enhancing situational awareness and decision-making capabilities for defence personnel.
This funding round highlights the increasing importance of AI in modern defence strategies, with governments and organisations seeking innovative technologies to address evolving security challenges. The investment will enable the start-up to expand its research and development efforts, accelerate product deployment, and strengthen its position in the rapidly growing AI defence market.
The UK government is also investing heavily in defence tech and reforming procurement for start-ups. This includes a minimum of 10% of the Ministry of Defence's equipment budget being spent on new technologies like AI and drones, with aims to create new business opportunities for UK tech firms and start-ups.
