TGS Baltic has advised Unmanned Defense Systems on a EUR 3.2 million investment from Coinvest Capital, business angel syndicate 2NGLS, and other accredited investors.
Founded in 2022, Unmanned Defense Systems is an advanced swarm technology solutions company, focusing on the AI-based integration of swarm drones with contemporary battlefield management systems. According to TGS Baltic, “the company has already won multiple defense procurement tenders and supplies its solutions to the Lithuanian and Ukrainian armed forces, other EU members, and NATO allies.”
According to the firm, “the investment will go a long way in further demonstrating Lithuania’s capability to develop high-tech military UAVs and strengthen national security.”
The TGS Baltic team included Senior Associate Paulius Dabulskis, Associate Domantas Vilys, and Legal Assistants Domantas Mazrimas and Meda Stankute.
TGS Baltic did not respond to our inquiry about the matter.
