MyDefence, a Danish developer of counter-uncrewed aerial systems (C-UAS) technology, has announced new investment via the Bridgepoint Development Capital IV fund. Bridgepoint becomes the company’s new majority shareholder and will support MyDefence in its next stage of growth, including further investments in research and development as well as production expansion. Financial terms of the transaction were not disclosed.
MyDefence reports 115% compound annual revenue growth over the last four years. The company provides RF-powered products to detect and defeat UAS to military and critical infrastructure customers. With the support of Bridgepoint, MyDefence will expand its technology offering to corporate, government and homeland security sectors.
As part of its planned expansion, the company announced in May that it had opened the MyDefence USA office in Saint Petersburg, Florida.
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