How Trypillian will spend $5M and what its first three products will be: a conversation with CEO Ivan Matveichenko
The British-Ukrainian company Trypillian has quickly become a notable player in Ukraine’s defence tech sector. In late May, the previously unknown project announced it had raised $5 million in investment from former UK minister Brooks Newmark. It later emerged that Newmark is one of Trypillian’s three co-founders.Defender Media spoke with Newmark’s partner, war veteran and Trypillian CEO Ivan Matveichenko. He explained that Trypillian is not a classic startup. It will work on in-house R&D, but its core function is to manage a portfolio of technologies from partners and portfolio companies. Most of Newmark’s investment will go toward M&A deals.According to Matveichenko, Trypillian has already completed two acquisitions, and the acquired teams are set to release an FPV drone and a bomber by the end of summer. The company is also finalising a long-range kamikaze drone, designed to be the most cost-effective deep-strike UAV in Ukraine. Below is Ivan Matveichenko’s full story.