Ground Robot Manufacturer Tencore Secures $3.74M, Valuation Tops $40M
Ukrainian robotics company Tencore, which develops and manufactures ground robots, has raised $3.74 million to scale its business operations.
- According to Forbes, Tencore’s valuation has now climbed to $40–50 million.
- The round was led by MITS Capital, an investment group actively backing Ukrainian defense tech. While MITS frequently invests in early-stage ventures, this is the largest single check it has written to date.
- MITS typically provides $200,000 packages through its accelerator program — half as funding and half as hands-on expertise.
- The firm manages a $50 million fund, though its average VC check size has not been disclosed.
- Dozens of startups have gone through the MITS accelerator, including Tencore, which later secured this larger follow-on investment.
Tencore will use the new capital to expand its engineering team and is considering the construction of additional production facilities. Its flagship product is the TerMIT ground robot, designed for cargo transport, evacuation missions, and even weapons deployment. The company has already signed government contracts, with unit prices ranging from $12,000 to $50,000, depending on the model.
Looking ahead, Tencore also aims to expand into the dual-use segment by developing remotely operated equipment. One of the first applications will be demining operations.
Ground Robot Manufacturer Tencore Secures $3.74M, Valuation Tops $40M
Ukrainian robotics company Tencore, which develops and manufactures ground robots, has raised $3.74 million to scale its business operations.
- According to Forbes, Tencore’s valuation has now climbed to $40–50 million.
- The round was led by MITS Capital, an investment group actively backing Ukrainian defense tech. While MITS frequently invests in early-stage ventures, this is the largest single check it has written to date.
- MITS typically provides $200,000 packages through its accelerator program — half as funding and half as hands-on expertise.
- The firm manages a $50 million fund, though its average VC check size has not been disclosed.
- Dozens of startups have gone through the MITS accelerator, including Tencore, which later secured this larger follow-on investment.
Tencore will use the new capital to expand its engineering team and is considering the construction of additional production facilities. Its flagship product is the TerMIT ground robot, designed for cargo transport, evacuation missions, and even weapons deployment. The company has already signed government contracts, with unit prices ranging from $12,000 to $50,000, depending on the model.
Looking ahead, Tencore also aims to expand into the dual-use segment by developing remotely operated equipment. One of the first applications will be demining operations.
