BAE-backed Expeditions raises €197M fund for European defence startups
AI Today Summary
Expeditions, a Warsaw-based venture firm supported by BAE Systems and the NATO Innovation Fund, has secured €197 million to invest in early-stage European defence startups focused on technologies critical to the continent's security and sovereignty. The fund aims to reduce Europe's reliance on imported military technology by backing companies in areas such as cybersecurity, AI, quantum, and space. BAE Systems' involvement reflects a strategic move to engage with emerging defence tech companies,,
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