M-Fly
M-Fly develops ITAR-free gimbals and laser guidance systems for unmanned aerial vehicles (UAVs), focusing on defense and aerospace applications with high-precision stabilization and targeting capabilities. M-Fly was founded in 2023. The company is led by Vladyslav Myhovych. Based in Tallinn, Estonia (legal HQ) / Kyiv, Ukraine (R&D & operations). Team size: 11-50. Total funding raised: $2.7M total (all rounds). Latest round: Series A ($1.4M, November 2025). Key investors include Resist.ua, MITS Capital, Freedom Fund, Brave1 / Innovation Development Fund, Boris Shestopalov, Estonian miltech company, Angel investors from Ukraine, Denmark, Grenada, US.
- Founded
- 2023
- Headquarters
- Tallinn, Estonia (legal HQ) / Kyiv, Ukraine (R&D & operations)
- Team size
- 11-50
- Total funding
- $2.7M total (all rounds)
Value proposition
ITAR-free, high-precision stabilization and targeting solutions tailored for frontline military operations, with 95%+ hit rate in laser guidance systems and 0.2-0.5 mRad stabilization accuracy.
Products and solutions
Drone camera stabilizers (gimbals), Laser-guided targeting systems, Electro-optical systems, ITAR-free gimbals RB-150 and RB-220
Unique value
Specialization in Ukrainian defense needs with locally sourced components, avoiding ITAR restrictions for rapid deployment. High-precision stabilization (0.2-0.5 mRad accuracy) and 95%+ hit rate in laser guidance systems.
Target customer
Ukrainian military, defense contractors, and UAV manufacturers
Industries served
Defense/aerospace, Military technology, Unmanned aerial systems (UAVs)
Technology advantage
Advanced electro-optical stabilization technology and proprietary laser guidance systems with high accuracy for combat scenarios. ITAR-free design enables international deployment without export restrictions.
How they differentiate
M-Fly differentiates through ITAR-free gimbal technology, 95%+ hit-rate laser guidance systems, and rapid deployment capabilities. Focuses on cost-effective, battlefield-tested solutions with agile R&D cycles and local Ukrainian manufacturing.
Main competitors
Aeronautica (Ukraine), Elbit Systems (Israel), Anduril Industries (USA)
Key partnerships
Brave1 defense innovation cluster, IRON Cluster (joined mid-2026), BlueShadow ApS (RB-220 for BlueDragon USV, Aug 2026), UAV manufacturers (integration partnerships), MITS Capital / MITS Industries (investor & DALO partnership), International investors from Ukraine, Estonia, Denmark, US
Notable customers
Ukrainian military / Armed Forces reconnaissance UAVs, BlueShadow ApS (RB-220 on BlueDragon USV), UAV manufacturers (integration partners), Defense contractors in NATO countries
Major milestones
Developed ITAR-free gimbal systems for international deployment, Achieved 95%+ hit rate in laser guidance technology, Joined Brave1 defense innovation cluster (2023), Received Brave1 grants totaling $75K ($25K+$50K) in 2024, Raised $1.3M Seed funding (March 2025), Secured $1.4M Seed funding (November 2025), Joined IRON Cluster (mid-2026), Signed RB-220 supply contract with BlueShadow ApS for BlueDragon USV (Aug 2026, DALO), CEO Vladyslav Myhovych named Forbes Ukraine 30 Under 30 (Aug 2026)
Growth metrics
N/A (private company)
Market positioning
Niche player in defense drone stabilization and guidance systems, targeting Eastern European markets and NATO-aligned defense needs. Positions itself as a high-precision, low-cost alternative to legacy defense contractors.
Geographic focus
Primary operations in Ukraine with market expansion targeting NATO countries and Eastern Europe. Partnerships with Brave1 defense cluster provide regional competitive advantage.
Patents and IP
No public patents disclosed
About Vladyslav Myhovych
Pre-war background in student startups, a clothing brand attempt, and network/MLM business managing a ~40-person team. Pivoted to volunteer defense work after Russia's full-scale invasion; co-founded M-FLY from a volunteer laser-guidance initiative with COO Yaroslav. No prior professional defense R&D career.
Official website: https://m-fly.org/