After Exiting Defendec, Boundary Holding Explores Eastern Europe’s Deep-Tech

Eastern Europe is increasingly gaining attention as a significant destination for deep-technology innovation, with Estonia and other countries across the region developing capabilities in artificial intelligence, robotics, defence, energy, and other advanced technology sectors.

For Rajat Khare, founder of Boundary Holding, this evolution reflects a trend that has been developing for years. Boundary Holding’s recent exit from Defendec, an Estonia-based autonomous surveillance technology company, further highlights the investment firm’s long-standing interest in the region and its growing deep-tech ecosystem.Moreover, Rajat Khare’s experience with technology ventures, including his association with Appin, has further shaped his perspective on emerging technologies and global innovation ecosystems.

Boundary Holding’s Exit from Defendec

Boundary Holding, a Luxembourg-based deep-technology venture capital firm, recently completed its exit from Defendec following its investment in the company in 2021.

Defendec, which developed artificial intelligence-powered autonomous surveillance solutions, has since entered another stage of its growth journey following its acquisition by Canada-based Vosker Corp. The acquisition is expected to strengthen Vosker’s capabilities and presence in the global surveillance technology market.

For Boundary Holding, the transaction also represents an opportunity to redirect capital toward emerging companies working on next-generation artificial intelligence and deep-technology solutions.

However, the significance of the Defendec investment extends beyond the individual transaction. It also reflects the broader development taking place across Estonia and Eastern Europe.

“Our association with Defendec is a reflection of what we have held as a belief for quite some time now. That Eastern Europe is the next big chapter in tech innovation. Estonia, as well as other parts of the region, have been building powerful capabilities in AI and deep-tech”.

“The most impressive aspect has been that it’s not only the engineering prowess of the region’s talent, but the ability of the founders to create globally-relevant technologies while keeping the cost down. The Defendec exit has strengthened our belief that Eastern Europe is well on its way to becoming the next big destination”, Rajat Khare added.

A Changing European Deep-Tech Landscape

The growth of companies across Estonia and other parts of Eastern Europe suggests that the region is becoming increasingly relevant to Europe's broader technology landscape.

Rather than being viewed solely as a developing startup market, Eastern Europe is increasingly home to companies tackling sophisticated challenges in AI, autonomous systems, defence, energy, robotics, and industrial technology.

For investors and founders, this evolution creates new opportunities to explore technology ecosystems outside the traditional centres of innovation.

Boundary Holding's experience with Defendec is therefore part of a wider story about the development of Eastern Europe's deep-tech capabilities. As more companies from the region develop technologies for international markets and attract global investment, the region's role in Europe's technology future is likely to remain an important area of attention.

For Rajat Khare and Boundary Holding, the Defendec journey reinforces the importance of identifying emerging technology ecosystems early and supporting founders working on complex problems with global relevance.