Portugal's Beyond Vision Raises More Than €28M to Expand Drone Factories and Push Into Defence Markets

The funding follows a period of growth. Beyond Vision has expanded its team to 150 employees and says it exceeded its 2025 revenue estimate. It has also widened its list of military and civilian clients across several countries. The company has not published revenue figures or customer names.

Pedro said the capital will be applied in three areas. The first is the company's operating infrastructure and industrial production capacity, which it plans to scale to meet what it describes as growing global demand for autonomous systems. The second is research and development, with deeper integration of AI algorithms and new features in the cloud management platform. The third is commercial expansion into new international markets, with a focus on defence, security and critical infrastructure monitoring.

Portuguese technology press reported more specific plans tied to the round. Beyond Vision is expanding production in Alverca, where its facility is set to grow from 2,000 to 4,000 square metres at a cost of €5 million, and in Oeiras and Trofa, where it bought its own premises for its northern team. Reports put its production goals at 500 vertical take‑off and landing drones and 800 multirotors, and describe a planned North American production unit worth €50 million over two years.

Stephan de Moraes, managing general partner at Índico Capital Partners, said that in critical sectors such as defence, infrastructure management and security, reliance on cutting‑edge, reliable and sovereign technology has become a strategic priority for many countries. He said Beyond Vision has redefined its market by combining high‑precision hardware with advanced AI algorithms at a very competitive cost, and that the investment will give the company the financial strength to scale production and compete globally in important segments of autonomous unmanned vehicles.

Tomás Lavin Peixe, head of venture capital at Lince Capital, said the current geopolitical context and the strengthening of European investment in defence are creating opportunities for technology companies able to compete internationally. He said Beyond Vision's technological capacity, experience and ambition position it to take advantage of the moment and contribute to a stronger national ecosystem in high‑value technologies.

Índico's investment in Beyond Vision comes from its Indico VC Fund II, which is supported by Portugal's Recovery and Resilience Plan. The plan is managed by the Portuguese development bank Banco Português de Fomento and financed by the European Union under NextGenerationEU.

Beyond Vision's founders set out to build advanced software products before moving into hardware. The company has since collected a range of industry awards and become a supplier registered with NATO. Its drones are used for inspection and monitoring work as well as defence and security applications.

The round is described in the announcement as preparing Beyond Vision to scale globally at a time when demand for both civil and defence solutions is growing quickly. The company did not disclose its valuation or the individual size of each investor's contribution.