Ukrainian startup Farsight Vision has attracted €7.2 million in investments from European investors with the support of the Brave1 platform, as reported by the Ministry of Digital Transformation of Ukraine.
The company, a participant in the Brave1 platform, is developing AI tools for reconnaissance that assist military personnel in making faster decisions on the battlefield.
This platform analyzes terrain data and provides real-time information to UAV and RPA operators, creating an accurate picture of the battlefield. The Ministry of Digital Transformation considers this technology a viable alternative to satellite reconnaissance.
"When Ukrainian startups attract investments from global players, it signifies trust in our technologies and confirms that Ukraine is shaping the standards of modern warfare," the statement reads.
According to the Ministry of Digital Transformation, Farsight Vision plans to allocate the raised funds for developing robotic solutions for logistics, navigation, and weapon management, as well as enhancing battlefield protection and critical infrastructure using AI.
Meanwhile, according to Defender Media, the company’s team intends to integrate its developments into a single system to increase the autonomy of combat drones. This solution will cover reconnaissance, target formation with coordinates, target transmission to strike drones, and navigation in the final flight stage.
Defender Media reports that the investment round was led by American corporation Axon Enterprise and the Estonian SmartCap Defence Fund. Polish Radix Ventures, Swiss Anker Capital, and Danish Final Frontier also participated in the deal. Additionally, the Estonian fund Darkstar, one of the first investors in Farsight Vision, made a follow-up investment in the startup.
The company's solutions allow for real-time transformation of drone images into 3D models and orthophotos with integrated object detection and anomaly tracking, even in the absence of GNSS, and integrate with battle management systems, mobile applications, simulators, and VR tools.
