London-based DefenceTech startup Occam raises €3 million to support frontline drone autonomy in Ukraine
London-based DefenceTech startup Occam Industries has secured €3 million in pre-Seed funding to enhance drone autonomy in demanding operational environments, particularly in Ukraine. This investment, led by Presto Tech Horizons and supported by an international group of investors, underscores the growing significance of advanced autonomous systems in modern defence. The funding will propel Occam's product development and deployment efforts, focusing on software-only autonomy solutions for existing drone platforms. Occam specializes in integrating advanced software, such as its OccamX autopilot, into mass-manufactured drones without altering airframes or supply chains. The technology leverages computer vision for perception and guidance, significantly reducing reliance on continuous manual control and lowering operator skill requirements. This approach is critical in environments where scalability and operational independence are paramount, as evidenced by the increasing prevalence of drone warfare, with Ukraine recording a substantial rise in drone attacks. The company's technology has undergone initial assessments and integration testing by Ukraine's DefenceTech cluster, Brave1, signaling potential for broader adoption. This collaboration aims to bring Occam's solutions to the Ukrainian market, addressing frontline needs and contributing to Europe's collective security. Future validation stages include a Proof of Concept on Ukrainian unmanned platforms, paving the way for deployment with the Armed Forces of Ukraine and strategic partnerships across Europe.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.