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flag Ukrainian AI drone startup Swarmer soared 520% on its Nasdaq debut, fueled by defense demand and Ukraine's role in testing low-cost autonomous tech.

flag Ukrainian defense-tech startup Swarmer made a dramatic Nasdaq debut on March 17, 2026, with shares surging up to 700% intraday and closing 520% higher at $31, one of the strongest IPO performances in recent U.S. history. flag The Austin-based company, founded in Ukraine, develops AI-powered drone swarm software deployed in over 100,000 combat missions since 2024, with proceeds from its $15 million IPO intended for product development, hiring, and partnerships. flag Backed by Erik Prince and other investors, Swarmer is advancing mass production of its one-way attack drone, Lucas, and aims to expand its technology to U.S. military markets, despite reporting only $310,000 in 2025 revenue and a net loss of $8.5 million. flag The IPO’s success reflects strong investor interest in AI-driven defense systems and Ukraine’s growing role as a testing ground for low-cost, autonomous military tech.

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