Baillie Gifford and NATO Innovation Fund led a $70m round in TEKEVER.

Baillie Gifford, an investment management company, and NATO Innovation Fund, a venture capital firm backed by 24 NATO Allies, led a $70m round in TEKEVER, an IT, aerospace, defence and security technologies company, with participation from National Security Strategic Investment Fund, Crescent Cove Advisors and Iberis Semper. “We’re living in a highly volatile world, experiencing exponential change and the transformative power of software, AI and robotics. TEKEVER was built to embrace and leverage this reality, providing its customers with future-proofed, AI-centric hardware- enabled systems that are produced at scale and effectively delivered and sustained globally. For our Series B, more than investment, we wanted to find partners that shared these beliefs and could help us execute on our vision. We’re thrilled to have Baillie Gifford as a lead investor – an incredible organization with extremely long–term views, and an extensive track record of backing companies that have profoundly transformed our society. NIF, NSSIF and Crescent Cove bring profound knowledge and experience on the Global Security and Defence market to the table, both from a European and a US perspective, which will be important in helping us, and our customers, navigate the challenges ahead,” Ricardo Mendes, TEKEVER CEO.