What Happened
French Startup Expands Production Amid Growing European Demand
French defense technology startup Alta Ares has raised €50 million to expand production of its AI-guided interceptor drones, as European investors continue to back lower-cost air defense systems shaped by the war in Ukraine. The funding round was led by Air Street Capital, with participation from Cherry Ventures, OTB Ventures, and Harpoon Ventures. Alta Ares’ systems are currently deployed in three active conflict zones, giving the company access to operational feedback. The company aims to develop activities in Poland, Germany, and the United States, according to AeroTime.