Latest news with #Destinus
Bloomberg
05-08-2025
- Business
- Bloomberg
Dronemaker Destinus to Buy AI Aviation Firm for $223 Million
Destinus, a drone startup that supplies weapons to Ukraine, is planning to buy a Swiss company that develops autopilot systems for aviation for 180 million Swiss francs ($223 million) in cash and stock. The deal for Zurich-based Daedalean will boost Destinus's artificial intelligence capabilities as it develops strike drones and hypersonic aircraft, the companies said in a statement on Tuesday. They expect the transaction to close by the end of year.
Bloomberg
06-06-2025
- Business
- Bloomberg
Dronemaker Destinus Seek Funds at Unicorn Valuation
Takeaways NEW Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter. The company is holding talks with new and existing investors to sell a minority stake for as much as €100 million, said the people, who asked not to be identified because discussions are private. No deal has been agreed on and the size of the stake and its value will depend on investor demand, the people said.
