Presto Tech Horizons (PTH), a joint investment fund launched by Czech venture capital giant Presto Ventures and the Czechoslovak Industrial Technology Group (CSG) under Michal Strnad, today announced its first portfolio of investments. At the same time, seasoned investor Lucie Buresova, who previously led the global expansion of Kiwi.com, has officially joined the team.
Since its launch in June last year, PTH has focused on areas such as AI, cybersecurity, automation, robotics, logistics, defense, aerospace, mobility, energy, healthcare, and high-performance computing, with a special emphasis on systems involving critical infrastructure management and protection. David Joer, Deputy Chairman and Chief Operating Officer of the CSG Group, said, "The initial results of our collaboration with Presto and the first investment projects confirm the correctness of our strategic direction."
The three investment companies announced this time are:
Vidar Systems - A company dedicated to the development of portable acoustic positioning devices. The portable acoustic positioning system developed by the company using AI technology can effectively detect enemy attacks on the battlefield, enhancing the security of strategic assets and civil infrastructure. Notably, its products have already played a significant role in the Ukrainian army's defense against artillery attacks. The amount of this round of financing has not been disclosed.
Bavovna - A hybrid AI drone autonomous navigation system, successfully raised $2.7 million (about €2.5 million). This US-Ukraine joint team developed a hybrid AI navigation system that allows unmanned vehicles to operate independently, especially suitable for drone missions in areas with unstable GPS signals, and is expected to be applied in scenarios such as last-mile drone delivery in the future.
Tur.ai - Received $1.45 million (about €1.34 million) in seed round financing, with PTH leading $1.2 million. This funding will be used to upgrade the self-service customer registration system, improve customer service experience, and refine the partner-led distribution model.
PTH stated that they prioritize companies from NATO member countries and allied nations, especially those developing solutions with dual-use potential. This investment strategy highlights the fund's strategic layout in the field of defense technology innovation.