# TEKEVER corporate expansion and funding

> Live situation record from CLSTR: https://clstr.news/situations/tekever-corporate-expansion-and-funding
> Updated: 2026-09-23T13:30:05.000Z. Sources: 6. Developments: 2.

TEKEVER, a provider of AI-driven autonomous systems, expanded its technological capabilities through the acquisition of Edinburgh-based engineering firm Flowcopter. This acquisition focused on integrating Flowcopter’s hydraulic transmission technology to develop long-endurance, heavy-lift unmanned aerial systems for various logistics and relief applications.

Following this expansion, TEKEVER secured a major funding round led by University of California Investments and Baillie Gifford, potentially reaching $580 million and bringing the company’s valuation to $6.4 billion. The company, which has recorded significant flight hours in Ukraine, intends to use the capital for international expansion and further strategic acquisitions. Additionally, TEKEVER secured a contract from the United Kingdom’s Ministry of Defence valued at up to £400 million over ten years.

## Timeline

### 2026-09-23: Tekever reaches $6.4 billion valuation following major drone funding round

Portuguese drone startup Tekever has reached a $6.4 billion valuation following a funding round of up to $580 million to expand its AI surveillance technology and pursue strategic acquisitions.

4 sources. https://clstr.news/cluster/tekever-reaches-64-billion-valuation-following-major-drone-funding-round

### 2026-09-01: TEKEVER acquires Flowcopter to boost autonomous drone capabilities

TEKEVER has acquired Edinburgh-based Flowcopter to integrate its hydraulic transmission technology, enhancing the payload capacity and endurance of unmanned aerial systems.

2 sources. https://clstr.news/cluster/tekever-acquires-flowcopter-to-boost-autonomous-drone-capabilities

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Cite as: TEKEVER corporate expansion and funding. CLSTR, https://clstr.news/situations/tekever-corporate-expansion-and-funding