The British-Ukrainian defense technology company Occam Industries has raised €3.8 million in investment to develop and scale software for the autonomous operation of military drones.
The new investment round was led by Danish fund North Ventures. Finnish Sparkmind and British Grenadyr also participated. Antler, Tech Horizons, T|Y|R.vc and Freedom Fund reinvested in the company. Following the new round, Occam Industries’ total funding has reached €7 million.
The company plans to use the investment for research and development, strengthening its engineering team in Ukraine, accelerating technology deployment, expanding integrations with drone manufacturers, and entering defense markets in Europe and NATO countries, according to dev.ua.
Occam Industries develops software for military drone autonomy. According to the company, the artificial intelligence in its technology enables drones to perform missions autonomously, without a continuous connection to the operator. The system also operates in conditions where electronic warfare is being used and after the loss of an external connection.
The software can be installed on drones from different manufacturers without modifying their hardware. It runs on a low-cost computing unit and integrates into serial production systems through the Occam Ludus platform.
The company’s first solution based on Ludus was the Occam Ambush system. It combines autonomous target detection, tracking and guidance and is already being integrated into serially produced FPV drones used in Ukraine.
“Today, Occam technology is already undergoing active deployment and testing with several Ukrainian manufacturers and military brigades, and feedback from the front directly impacts the product,” said Guy Wainwright, co-founder and CEO of Occam Industries.
The company currently operates in London and Kyiv and plans to expand its operations from Ukraine into the defense markets of Europe and NATO countries.
