About past, present and future of Ukraine

Search mobile

Main War $450,000 for frontline technology: Brave1 participants Vidar Systems secure investment

War

$450,000 for frontline technology: Brave1 participants Vidar Systems secure investment

349
$450,000 for frontline technology: Brave1 participants Vidar Systems secure investment

Share this article

Thanks to the Brave1 defense cluster, Vidar Systems, a defense tech developer of an acoustic system that detects artillery and mortar firing positions, has raised $450,000 from investors and the Czech venture fund Presto Ventures.

This was announced by Vice Prime Minister for Innovations, Education, Science, and Technology Development and Minister of Digital Transformation, Mykhailo Fedorov, on Telegram.

“The Vidar Systems acoustic system detects artillery and mortar firing positions. Through Brave1, the technology developers raised $450,000 from angel investors and the Czech venture fund Presto Ventures,” he said.

Fedorov emphasized that the Brave1 defense cluster regularly presents Ukrainian defense tech companies to investors and assists them in understanding how the market operates, enabling businesses to identify promising technologies for investment.

According to Fedorov, Vidar Systems is now planning to use the $450,000 to expand its team and scale the product, aiming to make it even more user-friendly for combat conditions.

 

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...