NATO consortium invests in four European tech companies, all innovative firms.


In 2022, 24 NATO countries jointly funded the establishment of an organization called the NATO Innovation Fund. This Tuesday, the organization announced the first batch of companies to receive investment.

A consortium of NATO allies has confirmed the first batch of companies to receive funding from its €1 billion ($1.1 billion) innovation fund.

Announced by NATO in the summer of 2022, a few months after Russia's invasion of Ukraine, the fund is committed to investing in technologies that can enhance its defense capabilities. The fund is supported by 24 of NATO's 32 member countries, including Finland and Sweden, which joined the alliance earlier this year.

On Tuesday, the NATO Innovation Fund (NIF) confirmed it has directly invested in four European tech companies, stating these investments will help address challenges in defense, security, and resilience.

The fund has provided support to Fractile AI, a London-based computer chip manufacturer aimed at accelerating the operation of large language models (LLMs) like ChatGPT; and ARX Robotics in Germany, which designs autonomous robots for tasks ranging from heavy lifting to surveillance.

The other two startups are UK-based iCOMAT, a manufacturer of lighter materials for vehicles; and Space Forge, a Welsh company that utilizes space conditions such as microgravity and vacuum to produce semiconductors in orbit.

“The opportunity to secure strategic technologies is crucial for ensuring the safety and prosperous future of the alliance's one billion citizens,” said Andrea Travolsen, the fund’s managing partner.

The fund has also partnered with venture capital firms Alpine Space Ventures, OTB Ventures, Join Capital, and Vsquared Ventures to support further deep tech investment across the continent.



Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End



Investing refers to the act of allocating funds or other resources into certain assets or projects with the expectation of obtaining future returns or benefits. The primary aim of investing is usually to enhance asset value, achieve financial goals, preserve and grow value, or accomplish a specific objective.


Related News

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.


Contact Us

Social Media