Image via Economic Times India
Last updated
DAMAC Digital: Capital Raising
UAE billionaire Hussain Sajwani's DAMAC Digital securing $66 billion investment for AI data center expansion across 13 countries with 6,000 megawatts planned capacity
Source: Economic Times India
The leadership read
Fresh capital usually broadens defence technology leadership bench strength — scale, go-to-market and operational depth — rather than any single appointment.
Market context: This lands while the Talent Market Index reads 112.8 (Hot) — up 11.4 versus the prior month — and EMEA signal share is easing (-3.2pts).
DAMAC Digital: 1 signal in the last 90 days — in line with the Defence Technology median of 1 across 43 tracked companies; 0.1% of MitchelLake's EMEA signal flow.
MitchelLake in this thematic
More signals across Defence Technology
Capital Raising · EMEA
Quantum Systems →German defense drone maker Quantum Systems (affiliate of STARK founder) raised €180M at €3B valuation in November 2025, led by Balderton Capital. Also secured €210M Bundeswehr contract for Falke reconnaissance drones.
Capital Raising · EMEA
Electro Optic Systems Holdings Ltd →EOS raised $150M via institutional placement at $8.00/share plus $40M private placement from Calidus (UAE defence company) to fund MARSS acquisition and increase balance sheet flexibility
Capital Raising · EMEA
Destinus →Destinus, Netherlands-based defence startup manufacturing cruise missiles and autonomous drones, is raising approximately €200M ahead of planned IPO with valuation target exceeding €5B
Capital Raising · EMEA
Helsing →Helsing, a European military drone startup backed by Daniel Ek, is close to raising $1.2B at an $18B valuation
Ma Activity · EMEA
Persistent Systems →Persistent Systems (Indian IT firm) is acquiring German digital engineering company Nagarro SE in a takeover bid valued at approximately 140% above Nagarro's undisturbed share price. Combined entity will generate $2.9 billion in annualised revenue with 46,000+ employees.
Leadership Change · EMEA
Saab →Anders Arpteg, former AI chief at Spotify, Peltarion, and Swedish Security Police, took over as AI Chief at Saab in November 2025. He is now giving his first media interview highlighting AI's impact on product development cycles.
Intelligence powered by Autonodal ↗