Defense Tech startup Alta Ares raised €50M in funding. Round led by Air Street Capital

Defense Tech company Alta Ares has raised €50 million in funding. The financing round was led by venture fund Air Street Capital with participation from Cherry Ventures, OTB Ventures and Harpoon Ventures.

The company announced this.

The funds will be used to scale production, develop products, expand engineering and operations teams, and for international expansion. 

What are Alta Ares’ plans 

To sustain its growth pace, the company plans to open new offices in the Middle East and Asia, and to expand its engineering and operations teams through new hires by the end of the year.

Simultaneously, it plans to strengthen manufacturing capacity at industrial facilities in Toulouse (France) and in Ukraine.

What is known about Alta Ares

Alta Ares — is a Defense Tech company specializing in air defense systems and autonomous systems. It was founded in 2024. 

Alta Ares positions itself as a “provider of capabilities”, offering a unified architecture with automated AI-based detection, tracking and interception of targets. 

The company is currently developing and deploying two classes of unmanned interceptors adapted to operate in both Arctic and desert conditions:

• X-Lock — designed to counter threats like the Shahed-136, has a short range (15 km);
• Black Bird — designed for high-speed targets, including Kh-101 cruise missiles and guided FAB-500 aerial bombs, has a medium range (30 km).

The company’s products are simultaneously deployed in three active conflict zones. 

More about the investors

• Air Street Capital is a venture fund that invests in AI-first companies in the US and Europe.
• Cherry Ventures — a European early-stage venture fund that has invested in over 130 companies.
• Harpoon Ventures — a US early-stage fund specializing in Deep Tech to support the technological dominance of the US and its allies.
• OTB Ventures — a pan-European fund that focuses on dual-use technologies, space technologies and robotics.

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