## Twentyfour Industries: The New Drone Manufacturer for European Defense Twentyfour Industries, a German startup based in Munich, has announced its emergence from stealth mode, revealing that it has raised $11.8 million in funding. Investors include Lakestar, OTB Ventures, and 468 Capital. The company focuses on the design, production, and rapid deployment of drones in Europe. In less than a year, Twentyfour Industries has moved from product design to production and field deployment. Its first product is a 10-inch quadcopter drone, designed to be cost-effective and mass-manufacturable. According to the company, hundreds of units are already operational and used daily by European soldiers. ## The Importance of Technological Sovereignty Twentyfour Industries emphasizes the importance of a sovereign drone production capacity in Europe, in order to reduce dependence on vulnerable supply chains, foreign components, and external know-how. The company aims to bridge this critical gap, providing European and allied partners with an end-to-end approach that includes product, training, and life-cycle management. The choice of Munich as its main location is strategic, given its position as a hub for the technology and defense sector in Europe. ## Goals and Future Prospects Clemens Kürten, co-founder and CEO, stated that the company's mission is to provide European and allied partners with unmanned systems faster, more reliably, and more economically than any other operator in Europe. Erik Linden, co-founder and CCO, added that the company focuses on execution and delivering value to customers, working directly with operators in the field to ensure that every product iteration is driven by real-world needs.