M-FLY Secures $2.7 Million to Advance UAV Targeting and Stabilization Technology
Ukrainian defense‑technology startup M‑FLY has continued to advance its funding trajectory with multiple investment milestones that underscore growing confidence in its deep‑tech solutions for unmanned aerial systems and battlefield applications. Founded in 2023 by CEO Vladyslav Myhovych and co‑founders, the company has secured capital from strategic investors and innovation funds to accelerate development of laser guidance, stabilization, and autonomous targeting systems for UAVs and other platforms.
In March 2025, M‑FLY announced it had raised $1.3 million in a pre‑seed funding round — a significant boost for the young company’s early‑stage research and product development. This round brought together a consortium of venture investors and business angels, led by Resist.ua, a Ukrainian venture fund focused on defense and deep technology investments, MITS Capital, an Estonian venture firm investing in innovative startups, and Freedom Fund, a venture capital firm supporting emerging companies. Participating alongside these funds were prominent angel investors including Borys Shestopalov and private backers from Ukraine, Denmark, Grenada, the United States, and an Estonian miltech company.
The $1.3 million injection was earmarked to finalize development of M‑FLY’s laser targeting modules and semi‑active guidance seekers, technologies designed to improve the precision and resilience of UAVs operating in electronic warfare environments. M‑FLY’s founders emphasized that their systems — which boast over 95 % accuracy in target acquisition — aim to provide both military and potential civilian applications as the company moves toward prototype refinement and early production.
Prior to this pre‑seed round, M‑FLY had also benefited from smaller grant awards through Ukraine’s BRAVE1 innovation program, receiving $25,000 and $50,000 in 2024 to support initial research and development efforts.
Building on that progress, in late November 2025 M‑FLY secured an additional approximately $1.4 million in follow‑on funding aimed at scaling its engineering capabilities and expanding product offerings. This round was announced by Ukraine’s First Deputy Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, who highlighted the company’s development of a high‑quality camera stabilizer (gimbal) designed to maintain clear imagery on reconnaissance drones even in high‑speed or adverse weather conditions.
The newer funding, which pushes M‑FLY’s total disclosed capital raised to around $2.7 million, reflects backing from Brave1, the Ukraine‑based defense innovation fund that connects startups with investment partners, testing facilities, and procurement channels. Minister Fedorov noted that M‑FLY’s stabilization technology has already been installed on Ukrainian reconnaissance platforms, enhancing real‑time decision‑making on the battlefield.
According to industry observers, M‑FLY’s ability to attract multiple funding rounds within a year demonstrates growing momentum in Ukraine’s defense‑tech sector, even under challenging conditions. The company has stated that it is negotiating a larger investment round to further expand its operations and product lineup, a move that could set the stage for broader international deployment.
Beyond just hardware, M‑FLY’s roadmap includes integrating AI‑driven autonomy and swarm management systems to enhance the capabilities of its guidance platforms, potentially enabling fully autonomous strike and reconnaissance missions in contested environments. By advancing these technologies and strengthening its production infrastructure, the startup aims to transition from prototype phase to mass production and global sales in the long term.
With its innovative approach to overcoming electronic warfare challenges, M‑FLY continues to attract interest from both private and institutional investors. As of early 2026, the company’s funding achievements have positioned it as one of Ukraine’s promising deep‑tech defense ventures, blending advanced engineering with strategic capital to push the boundaries of unmanned systems performance.
