Home Finance Lambda Automata obtains 6 million euros to strengthen European defense

Lambda Automata obtains 6 million euros to strengthen European defense

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You only have a minute? Here are 3 key takeaways from this article:

• Greek defense start-up Lambda Automata secured €6 million in seed funding

• The startup develops AI-driven hardware and software designed to strengthen European defense systems.

• The round was backed by Marathon Venture Capital and a consortium of new partners, including names such as Nathan Benaich, Eric Slesinger and HCVC.

Led by Greek technologists Dimitrios Kottas, a former senior engineer at Apple, and Georgios Kontogiannis, a veteran software engineer, Lambda Automata wants to revolutionize the use of existing defense capabilities within European Union member states.

Their mission is to bridge the existing gap in computer vision and AI for software used in mission-critical applications, particularly in civil protection and defense.

The company’s first solution, an autonomous surveillance tower called “Outpost,” offers capabilities such as event classification, geolocation and rapid communication, all at machine speed.

This solution also addresses the challenges faced in remote locations and limited infrastructure, where traditional systems struggle to operate effectively. The system can integrate seamlessly with existing systems, providing a critical “autonomy upgrade” that improves the effectiveness of existing defense infrastructure.

For Marathon Venture Capital, Lambda Automata’s potential is manifested through its rapid progress in developing and testing its products under realistic conditions.

“Two years ago, we entrusted Dimitris Kottas and his team with the mission of creating a new defense company in Europe. In a short time and with minimal resources, thanks to their strong sense of duty, they managed to develop their first product and test it in realistic conditions. The composition of new investors in Lambda Automata – particularly investors from England, France, Spain and Greece – reflects the company’s pan-European ambitions. We are confident that Lambda Automata will lead to the modernization of the defense capabilities of Europe and its allies,” Marathon partner Panos Papadopoulos told The Recursive.

In a interview With The Recursive last year, Dimitrios Kottas, CEO of Lambda Automata, highlighted the critical role played by Lambda Automata’s cost-effective solutions in preventing future conflicts.

“Upgrading the deterrence capabilities of the EU, US and their allies using cost-effective, software and AI-based solutions, rather than convoluted monolithic programs spanning decade, will be essential to deter future conflicts. It’s a great but exciting mission,” Kottas told The Recursive.

Thus, by strengthening the effectiveness of monitoring and response mechanisms, technologies and solutions such as those on which Lambda is working can significantly contribute to safeguarding peace and stability in the face of emerging threats.

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