This Week's Dealflow: Walaris, Lendurai, Antheia, ConductorAI
Plus: Lakestar's New Euro Defense Tech Fund, Anduril's $31B valuation -- and more!
For 10 June, here are the dual-use deals, investors, and news we’re covering:
Walaris Raises $4.6M in Seed Financing
Walaris, a provider of AI-powered airspace surveillance for applications such as military drone tracking, has raised $4.6M in seed funding. Investors include Backswing Ventures and Diehl. Walaris’ flagship product, AirScout Sentry is an EO/IR-based system that uses AI-driven software to power optical detection, acquisition, classification, and tracking of UAS. The AI-enabled system continuously scans airspace for UAS threats, triggering real-time alerts to operators.
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ConductorAI Receives Strategic Investment from Booz Allen Ventures
Booz Allen Ventures has made a strategic investment in ConductorAI, anAI-driven platform that helps U.S. federal government agencies modernize and automate their operations. The amount of the investment was not disclosed.
ConductorAI leverages large language models (LLM) and agentic AI to automate tasks such as foreign disclosure reviews and other compliance activities.
Antheia Raises $56M in Series C Financing
Antheia, a pharmaceutical ingredient manufacturer, today announced it has raised $56 million in Series C financing.
Antheia specializes in the production of biosynthetic pharmaceutical ingredients, which are critical for national health security and ensuring that the US has access to essential medicines at all times.
The round was led by Global Health Investment Corporation (GHIC), and EDBI, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore. Additional investors included ATHOS KG, Federov, Viking Global Investors, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel (IQT), and Civilization Ventures.
Lendurai secures €5.57M in seed funding
Lendurai, a Tallinn-based dual-use technology startup focusing on defense and developing autonomous solutions for UAVs operating in GPS- and radio-denied environments, has secured €5.57 million in seed funding. The funding round was led by Expeditions Fund, with participation from HCVC and Vsquared Ventures.
Founded in 2024 by Siim Maivel, Mark Cowan, and Sergii Kharagorgiiev Lendurai provides cost-effective, autonomous navigation solutions for NATO and allied forces, using readily available, mass-produced hardware. Their platform offers GPS-independent operation and interchangeable payloads, ensuring flexibility in complex environments. Unlike traditional FPV drones, Lendurai’s UAVs operate reliably in signal-denied areas with minimal support.
This Week’s Investors:
ATHOS KG
Backswing Ventures
Booz Allen Ventures
Civilization Ventures
EDBI
Expeditions Fund
Federov
Global Health Investment Corporation (GHIC)
HCVC
In-Q-Tel(IQT)
S-Cubed Capital
Sherpalo Ventures
Viking Global Investors
Vsquared Ventures
Contact Us
To be featured in an upcoming issue or to share a press release, contact agoldsmith[at]mooringpartners[dot]com.