SmartCap Defence Fund Invests in Farsight Vision

SmartCap Defence Fund invests in the Estonian-Ukrainian defence technology company Farsight Vision to enable the developent its product in Estonia and expansion into international markets.

Farsight Vision develops technology that has emerged from practical needs on the Ukrainian frontline, using drones and artificial intelligence to create a real-time battlefield situational overview to plan rapid manoeuvres. The software is widely used in Ukraine and has strong potential to strengthen NATO’s defence capabilities.

According to Minister of Economic Affairs and Industry Erkki Keldo, the government continues to fulfil its promise to implement the largest industrial growth plan in Estonia’s history. “The defence industry will become Estonia’s new strength, supported by investments made through the Defence Fund into companies that enhance Estonia’s defence capabilities. The investment in Farsight Vision brings not only essential capital to Estonia but also high-value-added defence technology development, new skills, and high-paying jobs for top specialists,” Keldo added.

The total investment, together with Axon Enterprise and European defence investors, amounts to €7.2 million. The company plans to expand its sales and product development teams in Estonia to grow in export markets. Farsight Vision sees Estonia as a key hub for developing high-tech expertise, defence capabilities, and international cooperation. Estonia’s former Air Force Commander, Brigadier General Jaak Tarien, has already joined the team.

According to Farsight Vision CEO and co-founder Viktoriia Yaremchuk, Estonia is a strategic growth environment for the company. “There is strong tech talent here, a flexible and forward-looking innovation environment, and close integration with European Union and NATO structures. Estonia’s startup ecosystem and clear regulatory framework support rapid growth, while proximity to Ukraine helps align our development with real-world needs,” said Yaremchuk.

In addition to supporting expansion, the investment will be directed toward Farsight Vision’s next development phase, focused on broader automation in defence robotics, particularly in logistics, navigation, and systems management. A key focus is also strengthening electronic warfare capabilities in both battlefield and critical infrastructure protection.

“Farsight Vision is building decision-making systems in one of the most demanding environments in the world,” said Rick Smith, Founder and CEO of Axon. “When technology is shaped by real operational use, it evolves faster and with more clarity. We’re excited to support a team whose work in Ukraine is generating insights that can improve how people and autonomous systems operate together globally.”

According to SmartCap CEO Sille Pettai, Farsight Vision is an example of a company where technology born from real necessity is becoming an international dual-use solution for both civilian and military applications. “Their technology enables the use of autonomous systems from threat identification to threat neutralisation. For Estonia, this means new technological skills and talent in the defence sector, as well as a stronger link between our defence and technology ecosystems,” Pettai said.

Farsight Vision has previously received €1.5 million in support, together with Crystalspace, from the applied research program (RUP) defence round. In addition, it was one of 14 companies that won €193,000 last year from the Ministry of Defence’s defence industry development projects round. The support helped accelerate the development of geolocation and situational awareness solutions for GPS-denied and disrupted environments.