Mentioned:
SWMR -16.56% RCAT -13.94%
Swarmer wants to bring their drone software to Japan. And they’re partnering up with one of the biggest technology conglomerates in the country to do it.
What’s happening:
- Swarmer (NASDAQ: SWMR) has struck a new partnership with Japanese technology giant Rakuten Group to accelerate the adoption of their drone swarm autonomy software and unmanned systems platform
Why it matters:
- Rakuten Group has publicly stated they will support the integration of Swarmer’s autonomy software into government agencies in Japan as well as defense and robotics companies as part of their new collaboration
Going deeper:
- Rakuten Group is one of the largest technology companies in Japan and notably helped support multiple Ukraine based defense startups and companies focused on drone hardware and autonomous software
- Swarmer previously made major waves on Wall Street when their shares surged more than +500% in the first day of trading following a successful $15M USD IPO financing round
The intrigue:
- Drone systems in Japan have been coming to focus lately in the public markets, with Red Cat Holdings (NASDAQ: RCAT) just recently winning a new contract from the Japanese Army to deploy 173 Black Widow drone systems
