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Cerbair, a French-based Technofounders startup has received funding from Boundary Holding, a bridge investment fund that invests in global AI technology-driven startups. Having received seed investment of 500,000 and 1.5 million euros in the past from VCs, the (undisclosed) bridge funding will be used as a foothold to move to next investment rounds, whilst helping Cerbair expand operations and strengthen its business reach.
Based on French-made radio frequency and optical technologies, Cerbair provides Counter-Unmanned Aerial Systems (C-UAS) solutions for usage in critical infrastructure. The investment arrived at a time when Cerbair has been making collaborations and exchanged know-how with AirMap to integrate UTM and Counter-UAS technologies for complete solution enabling air traffic tracking for all the UAVs present in air space.
Cerbair and Boundary Holding finalized investment terms after Rajat Khare, the founder of Boundary Holding and Lucas Le Bell, CEO, met in the Paris office of Technofounders. Speaking about the dynamic work culture in Cerbair and Technofounders, Rajat Khare stated, “There’s unison of competent people, process and technology in the Cerbair office, and we encourage such a fluid environment in the companies we invest in.”
Pulling ideas from the network of resources at Technofounders, Cerbair has been able to evaluate outside investment opportunities for funding. In the last one year, the Luxembourg-based fund Boundary Holding which invests in AI and associated next-gen technologies, has invested in startups like Germany-based railway analytics startup Konux, Singaporean facial recognition startup XRVision and AI-based drone solution provider Asteria Aersopace.
Apart from Cerbair, Technofounders has nurtured various technology-driven startups such as Digiez and Spinofrin. Through its investment vehicle TF Participation, Technofounders has accelerated the financing of the six other startups under its umbrella before they could call on traditional venture capital.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.
