Reported 8 months ago
NATO has confirmed its direct investment in four European technology companies to assist in addressing defense, security, and resilience challenges. These companies are the first recipients of funding from the €1 billion NATO Innovation Fund (NIF). Established in the summer of 2022, NIF aims to strengthen defense capabilities through technology and promote innovation in areas such as new materials, manufacturing, artificial intelligence (AI), robotics, and space technology. The four companies receiving investments from NIF include ARX Robotics, Fractile AI, iCOMAT, and Space Forge, each contributing specialized technology to enhance NATO's strategic capabilities.
Source: YAHOO