TEKEVER raises $580M at $6.4B valuation

TEKEVER raised $580 million in the first close of a Series D at a $6.4 billion valuation, led by UC Investments and Baillie Gifford. Reuters’ report carried by Euronext says the Portuguese-founded defense company has logged more than 50,000 operational flight hours in Ukraine since 2022, while Tech.eu’s financing account says the capital will fund international expansion, manufacturing, acquisitions and AI-powered autonomous systems. Builders tracking physical AI should file this beside Prometheus’s $41B industrial-AI wager, because TEKEVER’s number is tied to deployed surveillance hardware rather than a pre-revenue lab.