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Backswing Ventures Announces Investment in Ukrainian Defense Technology Company Vigilant Works

Reported by Morningstar
Nov 12, 2026· 2 min read
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Key Takeaways
  • • Backswing Ventures, a defense-focused venture capital firm, announced on November 12, 2026 an investment in Ukrainian defense technology company Vigilant Works, per a PR Newswire release. The investment amount was not disclosed.
  • • Vigilant Works develops autonomous counter-unmanned aerial systems (C-UAS), high-speed interceptor platforms, and radar-based detection technology.
  • • The company's first-generation Algiz-1 has undergone battlefield testing, and its next-generation Algiz-2 interceptor, which is designed for speeds above 600 km/h, has recently entered active battlefield testing.
  • • Vigilant Works has secured its first commercial agreements outside Ukraine and plans to scale production and expand across NATO-allied countries.
  • • The company is a member of Brave1, Ukraine's defense technology coordination platform, and was previously selected for the Brave1 / Ministry of Defence EU4UA program.
Summary
Backswing Ventures, which describes itself as an early-stage venture capital firm investing in defense and security technology, announced an investment in Vigilant Works, a Ukrainian defense technology company, according to a PR Newswire release dated November 12, 2026. The release did not disclose the size of the investment. Proceeds are earmarked for continued development of the company's autonomous guidance technologies, next-generation radar capabilities, and the expansion of operations as it prepares to scale production and establish a broader presence across NATO-allied countries.

Vigilant Works is developing an integrated counter-unmanned aerial systems ecosystem that combines high-speed interception, autonomous guidance, and radar-based detection. Its first-generation Algiz-1 interceptor has undergone battlefield testing, and the company is now advancing Algiz-2, a next-generation interceptor the company says can exceed 600 km/h. According to the release, Vigilant Works has recently entered active battlefield testing of Algiz-2 and has secured its first commercial agreements outside Ukraine. The company is also developing its proprietary autonomy stack and radar solutions in Ukraine. It is a member of Brave1, Ukraine's defense technology coordination platform, and was previously selected for the Brave1 / Ministry of Defence EU4UA program.

Kyle Asman, Managing Partner at Backswing Ventures, said the firm believes the team's focus on autonomous interception, radar, and high-speed threats addresses an important and growing need across the defense ecosystem. Daniel Korogodski, CEO and co-founder of Vigilant Works, said the company is building detection, radar, autonomy, and high-speed interception as one integrated system. Bohdan Boryslavski, CTO and co-founder, said the company's combined autonomy software and interceptor platform development allows it to learn directly from Ukrainian interceptor pilots and convert operational experience into data.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Morningstar Backswing Ventures Announces Investment in Ukrainian Defense Technology Company Vigilant Works