Mentioned:
SWMR -16.56% GOOG -0.89%
Swarmer wants to be on the leading edge of drone swarming software. Which is exactly why they’ve just done a new deal in Ukraine.
What’s happening:
- Swarmer (NASDAQ: SWMR) has landed a new $2.86M USD deal with Ukrainian company Meta Bureau to license Swarmer’s drone swarming software
By the numbers:
- The new contract from Meta Bureau could be worth up to a total of $13.2M USD if all options are exercised
Why it matters:
- Swarmer has publicly stated that their drone swarming software will be installed on SkyKnight quadcopter bombers and unmanned aerial vehicles used by Ukrainian forces as part of their contract with Meta Bureau
Going deeper:
- Swarmer just recently made waves when they struck a deal with Japanese technology giant Rakuten Group to accelerate the adoption of Swarmer’s autonomy software and unmanned systems platform
- Swarmer is notably backed by Blackwater founder Erik Prince and former Google (NASDAQ: GOOG) leader Eric Schmidt through his venture capital fund D3 Ventures


