Greek Defense Tech Startup Secures $14M in Series A Funding

Delian Alliance Industries, an Athens-based defence tech startup founded by erstwhile Apple roboticist Dimitrios Kottas, has raised $14 cardinal successful a Series A backing round. The company, which develops autonomous drones and AI-equipped surveillance towers, is positioning itself successful the competitory defence assemblage amid rising subject budgets, peculiarly successful Europe.

The backing circular was co-led by Air Street Capital and Marathon Venture Capital, with information from 201 Ventures, HCVC, Entropy Industrial Capital, and Nebular. The superior volition enactment enlargement of engineering and tract deployment teams to conscionable request from NATO and different partners.

Delian Alliance Industries, primitively launched successful 2021 arsenic Lambda Automata, leverages precocious AI and commercialized hardware from allied nations. Kottas, who spent 5 years astatine Apple’s Special Projects Group moving connected autonomous vehicles, emphasized the urgency of accelerated deployment: “Our adversaries are scaling emerging technologies quickly. We’re racing against time, measuring deployments successful days, not decades.”

The startup, which raised $6 cardinal successful 2023, benefits from Greece’s little operational costs and aims to vie with established players similar BAE Systems and emerging competitors similar Helsing.