Orqa, an Osijek, Croatia-based company which specializes in advanced autonomous drone solutions, raised €5.8M in Seed funding.
The round was led by Lightspeed Venture Partners, with participation from Radius Capital, Decisive Point and existing investor Day One Capital.
The company intends to use the funds to capitalize on two major market opportunities:
- Defense Sector Demand for ‘Precise Mass’: The global defense landscape is evolving rapidly, with NATO and allied nations demanding cost-effective, scalable solutions to strengthen military readiness. Orqa’s ability to design and produce all core drone components in-house ensures compliance with stringent regulations, including the U.S. National Defense Authorization Act (NDAA).
- Enterprise Adoption of Autonomous Solutions: Orqa is also expanding its footprint in the enterprise market, targeting applications such as remote inspection, security surveillance, and emergency response.
The funding will also be used to expand its team, with a focus on strengthening software, sales and manufacturing capabilities.
Founded in 2018 and led by CEO Srdjan Kovacevic, Orqa began as a hardware consulting firm before transitioning into a vertically integrated drone company. Today, it specializes in developing advanced drone systems designed for dual-use applications.
FinSMEs
18/12/2024