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, focusing on 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. Specifically, Delian's products aim to protect European borders and detect forest fires, a critical need given the countrys history of over 300 fires since 2020.
To address these challenges, Delian sought seed financing to build a team and expand its operations. The breakthrough came when Marathon Venture Capital, a venture capital firm backed by the European Investment Fund (EIF), invested in Delian early in its development. This funding enabled Delian to secure contracts in Greece and set the stage for future growth, including plans for nationwide installations of their flagship product, the LAST Autonomous Surveillance Tower. This advanced system utilizes AI to monitor areas continuously, detecting unauthorized intrusions and environmental threats, thereby significantly improving response times to potential disasters.
As a result of this tailored investment and support, Delian has successfully operationalized a double-digit number of systems and is poised for further expansion beyond the Mediterranean. The companys focus on dual-use technologies aligns with the growing political priority for enhanced European defense capabilities, positioning Delian as a key player in creating a more resilient and prepared European Union.