Exit Announcement: Reconeyez – A Journey from the NATO Border to Global AI Leadership

In 2025, the exit of Reconeyez (Defendec) represents a full-circle success story for the Estonian tech ecosystem and its early investors. Originally founded in 2006 to protect the external NATO borders, the company evolved from a hardware-centric border surveillance specialist into a global AI-driven security powerhouse.

The Evolution of a Pioneer

Reconeyez’s story is a masterclass in product-led growth. Starting with their flagship Smartdec system, which was famously used by the Estonian Border Guard to secure the EU’s eastern frontier, the team pioneered low-power, wireless mesh technology.

They solved the "false alarm" problem that plagues the security industry by integrating patented AI at the edge. By the time of their exit, the company had achieved remarkable milestones:

Global Footprint: Deployments in over 60 countries.
AI Scale: Over 2 million images analyzed daily by their proprietary AI.
Sustainability: Industry-leading battery life (up to 400 days) and solar-powered autonomous towers.

Why This Exit Matters

This exit is more than just a financial win; it is a validation of our "Fund I" thesis. We believed that deep-tech solutions born out of necessity in the Baltics could scale to solve global enterprise problems.

The team, led by co-founder and CTO Tauri Tuubel and recently joined by CEO Peter Young, has demonstrated relentless innovation. From securing oil pipelines in the Middle East to protecting construction sites in North America, they transformed a complex hardware solution into a scalable, cloud-managed "Security-as-a-Service" platform.

A New Chapter

As Reconeyez enters its next phase of growth, we are confident that their technology will continue to set the gold standard for autonomous surveillance.

To the entire team at Reconeyez: thank you for the hard work, the late nights, and the incredible returns you’ve generated for our investors. We are proud to have been part of your journey from a Tallinn startup to a global security titan.

Congratulations to the team!


Key Data Points at Exit (2025)

MetricDetail
OriginTallinn, Estonia (2006)
Core TechAI-enabled wireless PIR cameras & Cloud Management
Market Reach60+ Countries (Defense, Border, & Commercial)
Recent Growth58% projected turnover increase in 2025
LeadershipPeter Young (CEO), Tauri Tuubel (Co-founder/CTO)




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