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Home COUNTRY SCANDINAVIA&BALTICS

Latvia’s defensetech startup secures €4M pre-seed funding to enhance portable drone weapon systems

Arctic Startupby Arctic Startup
October 25, 2024
Reading Time: 4 mins read
in SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Riga-based defence tech startup Origin Robotics has raised €4 million in pre-seed funding, with €2.4 million coming from venture capital led by Change Ventures and €1.6 million from grants provided by the EU and the Latvian Ministry of Defence. Founded in 2022 by Agris Kipurs and Ilya Nevdah, the company is developing the BEAK, a portable ISR (Intelligence, Surveillance, and Reconnaissance) drone-launched weapon system that uses advanced computer-vision and AI for precision guidance. The funding will support product development and team expansion, specifically in engineering and sales roles, to further advance the BEAK’s deployment capabilities.

Origin is a defence tech startup based in Riga, Latvia, focused on developing autonomous systems for military applications. Established in 2022 by Agris Kipurs and Ilya Nevdah, the company is working on the BEAK, a drone-launched ISR (Intelligence, Surveillance, and Reconnaissance) precision-guided weapon system. The BEAK utilizes computer-vision algorithms and AI to navigate complex environments and maintain functionality under conditions like radio jamming. Designed for portability and rapid deployment, it is intended to support defence forces in dynamic operational settings. Origin has secured agreements with two NATO countries and continues to advance its technology to address modern battlefield challenges.

Click to read more funding news.

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Read the orginal article: https://arcticstartup.com/origin-raises-e4m-pre-seed/

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