EGIDE, a French defence technology startup building the next generation of affordable defence systems, today announced it has raised an EUR8 million seed round. The round was co-led by Expeditions, Eurazeo, and Heartcore Capital, with participation from Galion.exe and Kima Ventures.
Funding will support the expansion of the engineering team to develop the next generation of affordable interceptors.
“At the core of the company’s approach is developing a new kind of electrically-propelled interceptor and Mystique, a hardware-agnostic software platform that leverages distributed sensors, AI-driven detection and layered interception systems,” said the company in a press release. “This next generation munition architecture enables reactive iteration to evolving targets and faster integration across different weapon platforms and missions while reducing the cost and complexity associated with traditional defence systems. “
The company will use the new funding to accelerate the design and production of electrically-propelled interceptors and the development of its Mystique operating platform.
For more information
https://www.egide-tech.com/post/egide-raises-8m-seed-round-led-by-expeditions-eurazeo-and-heartcore-capital-to-develop-next-gener