A group of young engineers, Ian Laffey, Sacha Lévy, and Carl Schoeller, created a cheap drone at a hackathon that uses its camera and Google Maps to calculate its coordinates. This innovative technology has the potential to combat GPS jamming in Ukraine and has caught the attention of the US Special Forces, leading to an agreement for early testing and development. The company, Theseus, has raised $4.3 million in seed funding and is focusing on further building out its technology.
Forecast for 6 months: Theseus is expected to make significant progress in developing its technology, potentially leading to its first military contract within the next six months. The company will likely continue to receive attention from investors and the military, solidifying its position in the defense tech industry.
Forecast for 1 year: Within the next year, Theseus is expected to secure its first major military contract, potentially worth millions of dollars. The company will continue to expand its team and invest in research and development, further solidifying its position in the industry.
Forecast for 5 years: In the next five years, Theseus is expected to become a leading player in the defense tech industry, with a valuation of over $1 billion. The company will continue to innovate and expand its product line, potentially entering new markets and applications.
Forecast for 10 years: Within the next decade, Theseus is expected to have revolutionized the defense tech industry, with its technology becoming the standard for military drones. The company will have expanded its product line to include a range of applications, from surveillance to combat, and will have established itself as a leader in the industry.
