Ukraine's M-Fly raises cash as NATO buyers show interest

Ukrainian defense-technology company M-Fly raised new capital in a round led by MITS, Freedom Fund, Gardar and an undisclosed investor, although the amount and valuation were not released. The company develops stabilized gimbals and laser-guidance products that it says have been combat tested at speeds up to 350 kilometers per hour, with Chinese content below six percent. M-Fly plans to use the funding to expand production and adapt its systems for Ukrainian and NATO customers, building on a previously disclosed $1.4 million raise. The investment also supports hiring and supply-chain localization efforts.