·David

StirlingX Secures €10.12M in Funding Round

#StirlingX#technology#funding#UK#Rokos Capital Management
StirlingX, a prominent UK-based drone operations and data intelligence firm, has successfully secured €10.12 million in a recent funding round. This announcement marks a significant milestone for the company, which has been expanding its footprint in the technology sector since its inception in 2022. Founded as a subsidiary of GALLOS Technologies, StirlingX quickly established itself as an independent entity focusing on secure, sovereign technology solutions for defense and critical infrastructure. Operating from strategic locations in Cambridge and Oxford, the company caters to notable clients such as Murphy and National Grid, emphasizing its commitment to delivering high-quality services in drone operations and data intelligence. The funding round was spearheaded by RCM Private Markets Fund, under the management of Rokos Capital Management. This round also saw participation from other investors, including GALLOS Technologies, ONE9, and a group of angel investors. The investment was structured as a SAFE (Simple Agreement for Future Equity), highlighting the investors' confidence in StirlingX's growth potential and strategic direction. While the specifics of the funding utilization were not disclosed, the capital infusion is expected to bolster StirlingX's technological capabilities and expand its market reach. The focus on secure technology solutions aligns with increasing demand from government and defense sectors, looking for robust and reliable partners in the rapidly evolving landscape of drone technology. In the broader context of the technology sector, StirlingX's funding round reflects a growing interest in drone technology and data intelligence solutions. As security concerns and infrastructure needs continue to rise, companies like StirlingX are well-positioned to capitalize on these market opportunities. Looking forward, StirlingX aims to leverage this funding to enhance its service offerings and solidify its position as a leader in the drone technology sector. With an eye on future growth, the company is poised to make significant strides in both domestic and international markets.

More Articles

Tingit raises EUR 1.5m to scale repairs

Lithuanian repair marketplace Tingit has secured EUR 1.5 million from Coinvest Capital and a syndicate of angels to expand its AI-enabled platform across Europe.

Valhalla Ventures funds HgCapital Trust with EUR 190m

Valhalla Ventures has committed EUR 190 million of funding to HgCapital Trust, adding fresh capital to the EU-listed private equity investment vehicle.

Ares prices second European direct lending CLO

Ares Management has priced Ares European Direct Lending CLO II at over EUR 300 million, returning to market less than a year after its inaugural deal as European structured private credit demand holds up.