A Greek defence tech startup founded by a former Apple roboticist has raised $14m in a Series A funding round. Athens-based Delian Alliance Industries is developing autonomous weapons, including drones and surveillance towers equipped with cameras and AI software.
It is competing in the increasingly crowded defence sector, amid heightened military spending, particularly in Europe. The company is going up against incumbents like BAE Systems while newer entrants like Helsing are also springing up.
Its Series A funding round was co-led by Air Street Capital and Marathon Venture Capital, with participation from 201 Ventures, HCVC, Entropy Industrial Capital, and Nebular.
Dimitrios Kottas, founder and CEO, said: “Our adversaries are arming themselves with emerging technologies at a rapid industrial scale.
“We’re in a race against time and should measure deployments in days, not decades. We’ve proven our systems in mission critical environments and will now ramp up production internationally."
The startup says its approach is to combine advanced AI with commercial hardware from allied nations.
It says it will use the funds to expand its engineering and field deployment teams, as it looks to meet demand from NATO and other partners.
Delian Alliance Industries launched in 2021, under its previous name, Lambda Automata, and is based in Greece because of lower costs. It raised around $6m from US and European investors in 2023, according to Bloomberg. Kottas spent five years at Apple, working mainly at its secretive Special Projects Group, developing autonomous cars.
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