Lendurai, a Tallinn-based startup, has secured €5.57 million in seed funding to advance its autonomous drone technology designed for GPS-denied environments. The funding round was led by Expeditions Fund, with contributions from HCVC and Vsquared Ventures. Lendurai develops on-board AI systems that enable unmanned aerial vehicles to navigate and operate without relying on external signals. The company plans to use the investment to scale its current product line, expand its engineering team, enhance research and development efforts, and grow its global sales and business development activities.
Founded in 2024, Lendurai develops navigation systems that enable unmanned aerial vehicles (UAVs) to operate without reliance on global navigation satellite systems (GNSS) or radio control. Using computer vision and machine learning, the company provides technology designed to support UAV operations in GPS-denied environments. Its solutions target public sector and defense applications and are integrated in partnership with various UAV manufacturers.
The company’s leadership team includes CEO Siim Maivel, previously Head of AI at Bolt; Head of AI Research Sergii Kharagorgiiev, former computer vision lead at Starship Technologies; and CTO Mark Cowan, who has experience as lead software engineer at Open Cosmos. The team combines expertise in aerospace engineering, autonomous systems, and defense technology.
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Read the orginal article: https://arcticstartup.com/lendurai-raises-e5-57m-seed/
