{
  "id": 10936000,
  "title": "MITS Capital Leads New Round for Ukrainian M-Fly to Scale Production",
  "url": "https://urgent.news/2026/09/30/mits-capital-leads-new-round-for-ukrainian-m-fly-to-scale-production",
  "topic": "world",
  "section": "World",
  "published": "2026-09-30T12:01:07.000Z",
  "source": {
    "name": "Kyiv Post",
    "slug": "kyiv-post",
    "url": "https://www.kyivpost.com/post/85756"
  },
  "original_language": "en",
  "account": "MITS Capital, Freedom Fund, Norwegian VC Gardar, and an unnamed investor have collectively invested in Ukrainian defense technology company M-Fly. This marks the second funding round for M-Fly, a second investment from MITS Capital, the leading US-Ukraine defense investment group. The round's size and the company's valuation remain undisclosed. M-Fly specializes in creating combat-proven laser guidance systems and gyro-stabilized gimbals for unmanned aerial vehicles (UAVs). The new funding will aid M-Fly's expansion and address the increasing demand for its products in Ukraine and NATO countries. M-Fly develops its core components, such as motors, camera lenses, and software, in-house, which has helped the company price its systems competitively while limiting Chinese component usage to below 6%. Co-founder and CEO Vladyslav Myhovych reported that the company doubled its team and revenue over the past year. He added that demand from Ukrainian customers and NATO allies has surged since early 2026. M-Fly's gimbal, a crucial component in reconnaissance UAVs, can account for around one-third of the vehicle's cost. To mitigate the impact of the global memory chip shortage, M-Fly has adopted a hardware-agnostic approach, making its supply chain more resilient and enabling rapid scaling. This is MITS Capital's second investment in M-Fly, highlighting the company's success in unit economics. M-Fly was founded in late 2023, evolving from a military-focused volunteer project. By mid-2026, the company had raised $1.4 million through various sources, including grants from Brave1, VC funding from MITS Capital, Freedom Fund, Resist.ua, and Ukrainian entrepreneur Borys Shestopalov. M-Fly's portfolio now includes laser guidance systems and high-precision gyro-stabilized gimbals for air, maritime, and ground unmanned platforms. The company has tested its technologies on the battlefield in Ukraine, proving their effectiveness at speeds up to 350 km/h. M-Fly plans to launch its RB-100, a lightweight product designed for small drones, in early 2027. In 2026, M-Fly transitioned its processing architecture from RAM to a GPU-based platform, reducing its reliance on specific computing components and improving adaptability in the face of component unavailability. As of September 2026, MITS Capital manages a diverse portfolio of 20 companies across various defense sectors.",
  "summary": "M-Fly, a Ukrainian maker of laser guidance systems and gyro-stabilized gimbals for drones, has secured new funding from MITS Capital, Freedom Fund, Norway's Gardar and an unnamed investor. The company said it has doubled its team and multiplied revenue over 12 months, keeps Chinese components below 6% of its products, and plans to launch the RB-100 gimbal in the first quarter of 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}