Buntar Aerospace Raises $16 Million to Scale Ukrainian Drone Autonomy

Buntar Aerospace has raised $16 million to expand production of autonomous reconnaissance drones and combat software in Ukraine, making the Kyiv-based company a rare defense-tech startup that is both headquartered and manufacturing inside the country at war. The round was led by Freedom Fund and an unnamed international private equity fund, with Gardar, Iron Wolf and Autonomy Capital participating, and brings total disclosed funding to $30 million, according to Buntar's Oct. 5 announcement.