Huless communication system developer attracted $1 million in investment

Brave1 cluster member Huless, a developer of a communication system, raised $1 million. USD for the development of its project.

This was announced on Telegram by Deputy Prime Minister for Innovation, Education, Science and Technology Development – Minister of Digital Transformation Mykhailo Fedorov, Ukrinform reports.

“The team has attracted funds from international investors, a grant from Brave1, and a loan from the state bank. With these funds, the developer plans to develop an ecosystem of mobile military communications based on Highline-T drones,” the statement said.

According to Fedorov, the developer met the investors during the Defense Tech Valley summit organized by Brave1.

The Highline-T drones are connected by cable to the operator’s control center, can hover at an altitude of 100 m and operate even in EW conditions. The drone also has a repeater that increases the range of communication between the operator and the UAV performing a reconnaissance or combat operation.

Fedorov emphasized that more and more Ukrainian defense teams are attracting millions from private investors.

“They believe in our innovations and rely on them. We are already creating technologies that no other country has. Therefore, investment in Ukrainian defense tech is a contribution to the defense capability of not only Ukraine but also NATO,” he added.

 

Source: https://www.ukrinform.ua/