20°W10°W0°E10°E20°E30°E40°E35°N40°N45°N50°N55°N60°N65°NNordic Air DefenceScaleout SystemsSweden Ballistics (Swebal)TERASiValkyr Defense SystemsDefence tech companies in Sweden
5 Sweden-based defence and dual-use startups we track, working across Autonomy & AI, Counter-Drone, Electronic Warfare and Loitering Munitions. Sorted by latest round.
Latest rounds
| Date | Company | Round | Amount | Country | Sector |
|---|---|---|---|---|---|
| Sep 2026 | TERASi | Seed | €11M | Sweden | Electronic Warfare |
| Jun 2026 | Valkyr Defense Systems | Seed | - | Sweden | Counter-Drone |
| May 2026 | Sweden Ballistics (Swebal) | Equity | €30M | Sweden | Loitering Munitions |
| Jul 2025 | Nordic Air Defence | Pre-seed extension | $3M | Sweden | Counter-Drone |
All companies
Full directoryTERASi
Stockholm, SwedenKTH spinout building millimetre-wave AirCore radios that form narrow, hard to detect and hard to jam links for tactical communications.
Valkyr Defense Systems
Malmö, SwedenDevelops HILDR, an autonomous close-range system that detects, tracks and neutralises drones at 0 to 30 metres.
Sweden Ballistics (Swebal)
Nora, SwedenBuilding a TNT production plant in Nora, Sweden, to supply explosives for European artillery and drone munitions.
Nordic Air Defence
Stockholm, SwedenDevelops the Kreuger 100 family of low-cost, battery-powered kinetic drone interceptors built with a European supply chain.
Scaleout Systems
Uppsala, SwedenUppsala University spin-off offering Scaleout Edge, federated learning and edge AI infrastructure for drones and tactical computer vision.