Observed Signal · Oct 25, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Presto Tech Horizons Fund Backs Three Startups
Presto Tech Horizons Fund, backed by a partnership between VC firm Presto Ventures and Czechoslovak Group (CSG), announced its first three portfolio investments. The fund, with €150 million, targets tech startups from NATO countries. Investments include Bavovna (AI navigation for unmanned vehicles, $1.7M), Vidar System (AI acoustic locating, amount undisclosed), and Tur.ai (RPA for enterprises, $1.45M). The fund plans further investments in AI for industrial robots and railway security. Lucie Bresova joins as Partner.
Fund announcement for AI and defense tech startups; relevant to AI investment landscape but not directly AdTech.
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Key Takeaways & Evidence Grounding
- Presto Tech Horizons Fund announced its first three portfolio investments.
- The fund is backed by Presto Ventures and Czechoslovak Group with €150 million.
- Bavovna raised $1.7 million with Presto Tech Horizons as lead investor.
- Tur.ai raised $1.45 million with Presto Tech Horizons as lead investor.
- Vidar System received an investment, amount undisclosed.
Connected Companies & Entities
1 Entity mapped“The fund is backed by a unique partnership between the VC firm Presto Ventures and Michal Strnad’s industrial technology group, Czechoslovak...”
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