Unmanned Defense Systems secures a EUR 3.2 million investment

22.08.2024 Unmanned Defense Systems secures a EUR 3.2 million investment

TGS Baltic client, Lithuanian Unmanned Defense Systems, secures €3.2M led by Coinvest Capital, the business angel syndicate “2NGLS” and other accredited investors.

The investment will go a long way in further demonstrating Lithuania’s capability to develop high-tech military UAVs and strengthen national security.

Founded in 2022, Unmanned Defense Systems is an advanced swarm technology solutions company, focusing on the AI-based integration of swarm drones with contemporary battlefield management systems (BMS). The company has already won multiple defense procurement tenders and supplies its solutions to the Lithuanian and Ukrainian armed forces, other EU members, and NATO allies.

TGS Baltic Senior Associate Paulius Dabulskis, Associate Domantas Vilys, Legal Assistants Domantas Mažrimas, and Meda Stankutė assisted the client on all matters relating to the transaction, including national security clearance, negotiations, relations with the investors as well as signing and closing assistance.