Finnish startup NestAI has successfully raised €100 million in funding, with support from Finland’s sovereign fund Tesi and tech giant Nokia. The investment will fuel the development of AI solutions tailored for unmanned vehicles, autonomous operations, and command and control platforms. NestAI’s collaboration with Nokia aims to create advanced AI products specifically for defense applications, focusing on the concept of ‘physical AI’ that integrates language models and related technologies into real-world scenarios.
By establishing ‘Europe’s leading physical AI lab,’ NestAI is positioning itself to drive technological sovereignty on the continent. The company’s strategic focus on defense applications aligns with the evolving landscape influenced by the ongoing Ukraine-Russia conflict. Notably, NestAI has committed to supporting the Finnish Defense Forces in implementing AI solutions.
Founder Peter Sarlin, known for his involvement in the AI sector, has emphasized the importance of NestAI’s mission to enhance Europe’s defense capabilities and sovereignty. Sarlin maintains a philanthropic and investor role, steering NestAI as chairman while continuing his responsibilities at AMD.
Source: TechCrunch