The transaction positions NUBURU to capture expanding budgets across NATO and European Union defense initiatives, including the EU Council's €115 million AGILE defense-innovation program and NATO's DiBaX26 interoperability trials. Industry benchmark estimates place the global electronic warfare market at $32.35 billion in 2026, alongside a rapidly growing anti-drone market valued at $4.1 billion.
To oversee operations, Tekne established a new three-member Board of Directors, with NUBURU Defense LLC holding two appointments. General Pietro Serino, former Chief of Staff of the Italian Army, has been selected as Chairman, pending final corporate and regulatory clearances (including ANAC approval). An incoming Chief Executive Officer with over three decades of institutional defense experience in electronic warfare and cyber systems will be named following final corporate approvals. https://www.investing.com/studios/article-383393