Coinvest Capital takes flight with a co-investment in advanced AI swarm drones

Lithuania’s Unmanned Defense Systems (UDS) has successfully secured €3.2 million to scale their AI-based swarm drones and advance integrations with contemporary battlefield management systems. Coinvest Capital led the investment round, joined by a syndicate of 41 private investors.

Props to WALLESS team – Partner Andrius Ivanauskas, Associate Partner Guoda Šileikytė, Senior Associate Miglė Jeremičiūtė, and Associate Roma Morkūnaitė – for expertly assisting Coinvest Capital through legal due diligence, negotiations, and transaction documentation.

Congratulations to all involved in this achievement! This investment will undoubtedly enhance drone technologies and strengthen national defense capabilities.