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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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Co-one raises €4.2m Series A, for data labeling tools & crowdsourcing

Lithuania & Turkey-based Co-one offers data tools & services for AI companies to quickly, accurately & securely label image, video & text data. It provides firms with an “Annotation Management Dashboard”, which allows said to do so more efficiently. Moreover, the company’s Kovan App allows users to earn income by labeling data. This unique “crowdsourced” approach has been a key factor in the company’s success so far (using the “bounding box method” as a preferred labeling technique). So why does effective data annotation matter? simply put, 80% of time for an AI project is consumed by data preparation (data identification 5%, data aggregation 10%, data augmentation 15%, data cleansing 25% & - Co-one’s focus -...

EDGE acquires Milrem Robotics, which produces military unmanned ground vehicles

Estonia-based, Milrem Robotics (Milrem) produces military & commercial (teleoperated) unmanned ground vehicles (UGV). On the military side, it offers a) “Themis”, it’s (hybrid-powered) “base platform” (1.6ton weight, 750kg payload, 20km/h max speed, 15h runtime) which can be used for logistics (carrying supplies & equipment), combat (direct & indirect fire support - light or heavy machine guns, 40mm grenade launchers, 30mm autocannons & anti-tank missile systems), as well as intelligence, surveillance & target acquisition (ISR) (drones, sensors – radar, rf detector, jammer, lasers), b) “Type-X”, basically a beefed up version of “Themis” (12ton weight, 4.1ton payload, 80km/h max speed, runtime not disclosed), mainly for combat e.g. as a wingman/ direct or indirect support to main battle...

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