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NATO Innovation Fund Backs Military Robotics Startup

June 10, 2024
x min read

Autonomous robotics might be the future of combat. And venture capital funds are starting to pile in.

What’s happening:

  • Defense tech startup ARX Robotics has raised €9M in a seed round financing
  • The round was led by the NATO Innovation Fund

The big idea:

  • ARX Robotics builds fully autonomous mobile robots that are purpose built for combat and military applications
  • ARX Robotics has developed multiple military focused robotics, including small autonomous tanks and drone surveillance modular carriers

Why it matters:

  • The recent seed round for ARX Robotics represents the largest seed round in European history for a defense tech startup

Going deeper:

The intrigue:

  • The NATO Innovation Fund is a standalone venture capital fund focused on deep tech and defense tech and is aiming to deploy €1B into emerging startups

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