As announced by the organization, it will invest in four European technology companies. This is advanced defense technology.
The North Atlantic Treaty Organization (NATO) confirmed investment in four technology companies European policies that would help address defense, security and resilience challenges.
More than 20 members They will spend at least 2% of their GDP on defense, according to the information revealed this Tuesday by the organization. They are the first investments in cutting-edge technology as part of a €1 billion fund aimed at innovations in new materials and manufacturing, artificial intelligence (AI) and robotics, which contribute to the defense of countries.
The Innovation Fund, which was unveiled after the Russian invasion of Ukraine, is supported by 24 of the 32 Member States from NATO, including Finland and Sweden, which joined the alliance earlier this year.
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“Facilitating access to strategic technologies is key to guaranteeing a secure and prosperous future to the billion citizens of the Alliance,” said Andrea Traversone, managing partner of the fund.
The agency has granted funding to Fractile AI, a London-based computer chip manufacturer whose goal is to speed up the execution of large language models such as those used by ChatGPT, as well as to the German company ARX Robotics, which designs unmanned robots with functions that They range from lifting heavy loads to guarding.
The other two startups are British manufacturer iCOMAT, which makes lighter materials for vehicles, and Space Forge, a Welsh company that takes advantage of space conditions, such as microgravity and vacuum, to make semiconductors in orbit.
The fund has also partnered with venture capital firms Alpine Space Ventures, OTB Ventures, Join Capital and Vsquared Ventures to support new investments in cutting-edge technology on the continent.
Source: Ambito
