Investment & Fund Management
operations. The company faced significant challenges in securing
Full Credential Description
Delian Alliance Industries, based in Athens, specializes in dual-use technologies that serve both civilian and military applications, particularly in surveillance and unmanned aerial vehicle (UAV) operations. The company faced significant challenges in securing funding to develop its innovative technologies, which are designed to enhance security and environmental monitoring in Europe. Founder and CEO Dimitrios Kottas noted that potential investors often expected a more mature business model, which made initial funding difficult.
To address these challenges, Delian received seed financing from Marathon Venture Capital, a venture capital firm backed by the European Investment Fund (EIF). This investment enabled Delian to secure contracts in Greece and set the stage for future expansion. Their flagship product, the LAST Autonomous Surveillance Tower, utilizes artificial intelligence to monitor areas for unauthorized intrusions, suspicious vessels, and environmental threats like wildfires. This technology is particularly crucial for Greece, which has faced over 300 wildfires since 2020, as it significantly reduces response times by detecting fires in their earliest stages.
As a result of the funding and support from EIF, Delian has plans for nationwide installations of its surveillance systems, aiming to enhance border security and coastal monitoring. The company currently operates a double-digit number of systems and is poised for further growth, with aspirations to expand beyond the Mediterranean region. This strategic investment not only supports Delian's growth but also aligns with the broader European goal of enhancing defense capabilities and resilience in the face of modern security challenges.