Exclusive: Farsight Vision raises €7.2M – who invested and what’s next for the team

Ukrainian-Estonian defence tech startup Farsight Vision has closed a €7.2 million seed funding round, co-founder and CEO Viktoriia Yaremchuk told Defender Media. The company’s valuation was not disclosed.

The round was led by the US corporation Axon Enterprise and Estonia’s state-backed SmartCap Defence Fund. Other participants included Poland’s Radix Ventures, Switzerland’s Anker Capital, Ukrainian Resist UA, and Denmark’s Final Frontier. In addition, Estonia-based Darkstar, one of Farsight Vision’s earliest investors, made a follow-on investment.

Over the past months, Farsight Vision has expanded rapidly, forming partnerships across several NATO countries in Europe, says company co-founder and CTO Volodymyr Nepiuk. He adds that Farsight Vision is becoming the spatial foundation for how humans and robots operate together in the real world.

Full details in Defender Media’s exclusive report.

About the lead investor

Axon Enterprise is a US corporation headquartered in Scottsdale, Arizona. The company develops hardware and software technology solutions for police and special forces. Its core products include tasers, bodycams, and software for public safety management. In several product categories, Axon holds leading positions not only in the US but also across international markets, including Australia, the European Union, and the Asia-Pacific region.

Axon Enterprise is listed on the NASDAQ stock exchange. The company’s current market capitalisation exceeds $35 billion.

Axon operates a venture arm that invests in startups. In recent years, the corporation has also shown interest in purely defence-focused developments, says Viktoriia Yaremchuk. She says that Axon representatives visited Ukraine in the summer of 2025 and met with the local defence tech startups. Farsight Vision was among them and was the only software-focused startup participating.

“We had a great connection and mutual product vision at the first conversation with Axon,” the Farsight Vision CEO notes. She mentions that the Americans expressed interest in investing very soon after, although it took a while for the bureaucratic procedures to take its course.

“Farsight Vision is building decision-making systems in one of the most demanding environments in the world,” said Rick Smith, Founder and CEO of Axon. “We’re excited to support a team whose work in Ukraine is generating insights that can improve how people and autonomous systems operate together globally.”

Inside Farsight Vision’s autonomy stack

Farsight Vision develops software and hardware solutions for reconnaissance and autonomous systems. The company’s products enable real-time conversion of drone imagery and video into detailed 3D models and orthophotos, with integrated object detection and anomaly tracking in GNSS-denied environments. Its solutions are integrated with battle management systems, mobile applications, simulators, and VR tools. The startup works with more than 100 units of Ukraine’s defence and security forces.

According to Yaremchuk, the Farsight Vision team aims to combine its product portfolio into a system-level solution that would enable the creation of autonomous decision making on every stage of combat drone missions. This would include reconnaissance flights, target generation with coordinates, rapid transfer of targets to loitering munitions, and navigation of strike platforms through the “last mile”.

“We are not getting into terminal guidance systems, as there are already quite a few teams working on that, but we can cover all stages leading up to it,” the co-founder explains. “Our goal is to build a near-real-time autonomous system in which the reconnaissance and strike elements are either a single entity or two platforms coordinated with each other within seconds.”

To integrate all existing products and add missing components, the company will need to invest heavily in its team and R&D. According to Yaremchuk, the startup plans to recruit highly specialised experts, often sourcing talent globally.

Beyond talent, the project also plans to invest significantly in developing its own hardware. Until now, Farsight Vision has focused primarily on software. The CEO says the team is already testing several in-house modules. Additional funding will go towards expanding collaborations with communications system manufacturers, other module developers, and military units.

International expansion

In Yaremchuk’s view, the diverse geography of investors sends a positive signal in terms of cooperation between Ukraine and local companies on the one hand, and allies and partners on the other.

The seed funding will enable Farsight Vision to scale its international expansion, the CEO is confident. Priority markets include the Baltic states, Scandinavia, Germany, and the United Kingdom.

“Farsight Vision is an example of a company where technology born from a real need is becoming an international dual-use solution for civil and military applications, enabling autonomous systems to be used from threat identification to threat neutralization,” said SmartCap CEO Sille Pettai. “For Estonia, this means new technological capabilities and talent in the defence sector, as well as a stronger link between our defence and technology ecosystems.”

In the near term, the company plans to announce several partnerships with European drone manufacturers and launch trials with the armed forces of multiple countries.