Ukrainian Direction-Finding Tech Firm Falcons Secures U.S. Investment for Scaling

Ukrainian defense company Falcons has secured investment from the American venture fund Green Flag Ventures to scale up its production.

The company’s press service shared this with Militarnyi.

Falcons specializes in developing cost-effective solutions that operate in environments where GPS signals are unavailable.

Its flagship product is the ETER tactical-level direction-finding system.

“The ETER system stands out for its independence from GPS, compact design, and cost advantage – it is 30 to 50 times cheaper than comparable NATO solutions. In combat conditions, it has demonstrated coverage of over 600 km, combining precision with adaptability,” Falcons reported.

The funding from Green Flag Ventures will be directed toward addressing three key objectives:

• NATO standardization and scaling of ETER production
• Team expansion, including the recruitment of engineers and military practitioners
• Export readiness, through the development of a NATO market entry strategy

The company aims to accelerate the delivery of scalable and cost-effective systems that have been tested in one of the world’s most demanding combat environments – the Russo–Ukrainian war.

“This investment proves that Ukraine’s combat experience is generating technologies for global use. Our next step is to scale up ETER production, align it with NATO standards, and provide our allies with reliable, high-performance solutions. With the support of Green Flag Ventures, we’ll be able to leverage battlefield-proven insights to create more advanced electronic warfare technologies that strengthen the alliance’s resilience,” emphasized Yehor Dudynov, CEO and co-founder of Falcons.

He also noted that a portion of the investment would be allocated toward market research, production planning, and developing ready-to-deploy solutions, “so that Ukrainian technologies can enter global markets faster and with a stronger position once exports are officially opened.”