Broswarm, a Vilnius, Lithuania-based defence tech startup, raised €800K in funding.
Backers included ScaleWolf, a hybrid accelerator and fund for defence tech.
The company intends to use the funds to accelerate the development of its proprietary X-Ray Eagle sensor, which enhances mine detection by providing clear, 3D visualisations from up to 10 metres above ground.
Led by CEO Ernestas Žvaigždinas, Broswarm is a defence tech startup developing the X-Ray Eagle, a sensor that uses advanced radio waves to create 3D images of buried objects. Mounted on drones, the sensor can detect items up to 0.5 metres deep while operating from greater heights than traditional technology allows. The sensor technology, recognized at the NATO challenge where Broswarm took first place, is designed to support safe demining operations in Ukraine as well as other war zones and former war zones.
FinSMEs
05/11/2024