The round was co-led by Expeditions and Eurazeo, with participation from Galion.exe and Kima Ventures. The article states EGIDE is a French defencetech company, but does not specify the city.
About EGIDE
EGIDE is a French defence technology startup developing electrically propelled interceptors and the Mystique software platform to help counter low-cost drones and other mass-produced strike systems.
France
Read Company ProfileFrequently Asked Questions
What type of funding round did EGIDE raise?
EGIDE raised a seed round.
How much did EGIDE raise in its seed?
EGIDE raised $8,000,000 EUR in its seed.
Who invested in EGIDE's seed?
The investors in EGIDE's seed are: Expeditions, Eurazeo, Galion.exe, Kima Ventures.
How will EGIDE use the funds from its seed?
EGIDE plans to use the funds for: accelerate the design of electrically propelled interceptors, accelerate the production of electrically propelled interceptors, develop the Mystique operating platform, expand the engineering team, hire talent in electric propulsion, aerodynamic design, warhead design and software engineering.