This investment positions Karadag to address existing demand and a growing international market. With the global counter-UAS market projected to reach $10.57 billion by 2030, Karadag is well-prepared to meet both current and future demand.
Karadag addresses one of the most pressing challenges in modern warfare: the threat posed by unmanned aerial systems (UAS). Their flagship products detect, track, jam, and neutralize enemy drones with unparalleled precision. Karadag's products draw from and feed into their continuously updated platform: when one Karadag system detects a new threat, that information is quickly available to all other units, enhancing knowledge and decision-making for product users - regardless of where they operate.
Karadag’s UAS signal repository is the largest platform of its kind. Their deeply-enriched data platform enhances their AI-driven detection algorithms, creating a self-reinforcing value cycle that grows with each deployed product. This competitive moat ensures that Karadag remains at the cutting edge of counter-drone technology.
“Karadag’s technology is at the forefront of counter-drone solutions, addressing an urgent need in today’s evolving battlefield. Their continuous innovation and real-time adaptability make them a critical asset for modern defense strategies,” said William "Dollar" Young, GFV’s Advisor for Electronic Warfare. Dr. Young earned his PhD from the Massachusetts Institute of Technology and later established and led the 350th Spectrum Warfare Wing - the United States Air Force's premier Electronic Warfare unit.
CEO Eric Kadyrov emphasized: “Teaming with Green Flag Ventures marks a pivotal moment for Karadag. It enables us to fulfill existing demand, scale our operations, refine our technology, and expand our impact in both military and civilian sectors - worldwide. This excites us because we are committed to protecting lives and advancing security through innovation.” Dr. Kadyrov, who holds a PhD from the University of Wisconsin-Madison, an MBA from Cornell University, and a decade of building businesses in Silicon Valley and abroad, founded Karadag in 2023 in response to Russia's invasion.
For Deborah Fairlamb, GFV’s Co-Founding GP, this investment represents more than just financial backing. “Karadag represents the resilience and ingenuity of Ukrainian tech. By investing in them, we are not only supporting groundbreaking technology but also contributing to the strength and recovery of Ukraine’s economy and defense capabilities.”
Mike Baird, Green Flag's Kyiv-based Venture Partner, commented, “Karadag’s innovative approach to counter-UAS technology is a game-changer in the industry. Their ability to rapidly adapt to evolving threats makes them a critical partner for both military and civilian applications. I’m excited to support their growth and help them reach new markets.” Mike, a retired United States Air Force Officer, pilot, diplomat, and Strategy/Statecraft Fellow at the Center for Strategic and International Studies (CSIS), has 20+ years' experience in defense tech, including multiple tours at the U.S. Embassy Kyiv.
Beyond financial investment, GFV brings a wealth of resources to Karadag. The venture firm will leverage its network to secure additional funding, introduce Karadag to key commercial & defense stakeholders, and provide persistent access to experts to maximize product growth and market penetration. This partnership is designed to ensure that Karadag’s innovative solutions continue to evolve and succeed on a global scale.
Co-Founding GP, Justin Zeefe, shared his confidence: “We believe Karadag is uniquely positioned to deliver significant returns, given the urgent demand for their products and their clear technological advantages. While every investment carries risks, Karadag’s strong team, proven track record, growing demand, and innovative approach mitigate many of these challenges.”
A Bright Future Ahead
As Karadag Technologies continues to grow, their impact on the global defense market will be profound. With support from Green Flag Ventures, Karadag is poised to become a key player in both military and civilian applications, delivering cutting-edge solutions that address critical security challenges of our time.
