StoryFunding
Tekever closes $580M Series D at $6.4B valuation, led by UC Investments and Baillie Gifford
Tekever announced the first close of its $580 million Series D at a $6.4 billion valuation on September 23, 2026. The round was led by UC Investments (University of California) and Baillie Gifford, with Merlyn Advisors joining as a first-time investor alongside existing shareholders. The funding comes months after the UK Ministry of Defence selected Tekever's AR5 for Project Corvus, a £400 million program to replace its Watchkeeper surveillance fleet.