NATO Fund Backs German Startup Making Self-Driving Battlefield Robots

Published on June 10, 2024

NATO’s €1 billion ($1.1 billion) technology fund backed a German company that makes self-driving robots for militaries, its second public investment into a startup.

Munich-based ARX Robotics raised €9 million in seed financing, with over half coming from the NATO Innovation Fund, or NIF, the company announced on Monday. Germany’s Project A Ventures and Discovery Ventures also supported the round.

Link to the article: https://www.bloomberg.com/news/articles/2024-06-10/nato-fund-backs-german-startup-making-self-driving-battlefield-robots?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxNzk5Mjc4OCwiZXhwIjoxNzE4NTk3NTg4LCJhcnRpY2xlSWQiOiJTRVVKNExUMEFGQjQwMCIsImJjb25uZWN0SWQiOiJGQjZBOUJGMEEwODM0NjgwOEJFN0FBQjk1QTc0MzNGOCJ9.T7Ag9fG6m6-i7Ep3NVO93i_I2i19uScNCDCX1N4-oXs

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