AI drone maker Tekever on Wednesday said it had hit a $6.4 billion valuation, as Europe races to rearm amid the Ukraine war and mounting threats from Russia. The Portuguese-British company, which raised a $580 million round, develops AI-powered autonomous systems including surveillance drones. Tekever says its drones have clocked more than 50,000 operational flight hours in Ukraine since 2022, when Russia's full-scale invasion began. University of California Investments and Baillie Gifford led the round, with Merlyn Advisors, Crescent Cove, Ventura Capital and Iberis Capital also contributing. Tekever said in July that the U.K.
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