Sector · Defense and Security · 97 companies
Nordic-Baltic defense and security startups
Defense technology, cybersecurity, and dual-use systems, the fastest-moving sector on NATO's eastern flank.
- Companies
- 97
- With a funding round
- 40
- Rounds
- 63
- 25 since 1 Jun 2026
- Newest event
- 30 Oct 2026
Sub-sectors on record: Defense Tech (54) · Cybersecurity (38) · Biometrics (5)
Latest funding rounds (10 of 63)
| Date | Company | Country | Stage | Round size |
|---|---|---|---|---|
| 30 Oct 2026 | Monopulse | LT | — | EUR 2.0M |
| 28 Oct 2026 | Oaiz | SE | — | — |
| 27 Oct 2026 | Arctic Ravn | FI | — | EUR 2.5M |
| 22 Oct 2026 | Indurex | LT | Unknown | EUR 7.0M |
| 21 Oct 2026 | Stilfold | SE | Grant | EUR 602K |
| 20 Oct 2026 | SUBmerge Baltic | LV | Pre-seed | EUR 120K |
| 19 Oct 2026 | Gardera | SE | — | EUR 2.1M |
| 12 Oct 2026 | Monopulse | LT | — | EUR 2.0M |
| 28 Sep 2026 | Sovera Security | DK | — | EUR 535K |
| 28 Sep 2026 | DOD Solution | EE | — | EUR 1.8M |
Largest rounds on record
4 rounds of EUR 100M or more wait for hand review and are not ranked here.
| Date | Company | Country | Stage | Round size |
|---|---|---|---|---|
| 17 Apr 2024 | Iceye | FI | Growth | EUR 87.4M |
| 22 Sep 2020 | Iceye | FI | Series C+ | EUR 74.1M |
| 18 Dec 2024 | Iceye | FI | Growth | EUR 61.9M |
| 7 May 2026 | SWEBAL | SE | — | EUR 30.0M |
| 24 Feb 2026 | Frankenburg Technologies | EE | Series A | EUR 30.0M |
| 20 Oct 2025 | nexos.ai | LT | Series A | EUR 30.0M |
| 20 Oct 2025 | nexos.ai | LT | Series A | EUR 30.0M |
| 24 May 2018 | Iceye | FI | Series B | EUR 29.0M |
Exits and launches
| Date | Company | Country | Event |
|---|---|---|---|
| 30 Oct 2026 | Muninn | DK | Exit |
| 29 Oct 2026 | Patria | FI | Launch |
| 28 Oct 2026 | PDKINEMATICS | LT | Launch |
| 28 Oct 2026 | Agion | FI | Launch |
| 28 Oct 2026 | Systematic | DK | Launch |
| 28 Oct 2026 | Aispeco | LT | Exit |
| 27 Oct 2026 | Weibel Scientific | DK | Launch |
| 26 Oct 2026 | Zeesam | FI | Launch |
| 23 Oct 2026 | VYTIS TECH | LT | Launch |
| 23 Oct 2026 | Iceye | FI | Launch |
All Nordic-Baltic defense and security startups on record (97)
97 companies · 40 with a funding round · 84 added since 1 Jun 2026 · grouped by country, A to Z inside each group
| Company | Sector | Rounds | Latest recorded event | City |
|---|---|---|---|---|
| Lithuania (24) | ||||
| 3P Defence | Defense Tech | 0 | Launch · 10 Aug 2026 | — |
| Aispeco | Defense Tech | 0 | Exit · 28 Oct 2026 | — |
| Aurida Engineering Company | Defense Tech | 0 | Launch · 28 Sep 2026 | — |
| Blue Bridge | Cybersecurity | 0 | Launch · 15 Jul 2026 | — |
| Broswarm | Defense Tech | 2 | Funding · 19 Aug 2026 | — |
| CBRX | Cybersecurity | 1 | Funding · 1 Nov 2025 | Vilnius |
| Eksplosita | Defense Tech | 1 | Funding · 21 Sep 2026 | — |
| Granta Autonomy | Defense Tech | 1 | Funding · 1 Jul 2024 | — |
| Indurex | Cybersecurity | 1 | Funding · 22 Oct 2026 | — |
| Kongsberg NanoAvionics | Defense Tech | 0 | Launch · 8 Sep 2026 | — |
| Luna Robotics | Defense Tech | 1 | Funding · 31 Oct 2025 | Kaunas |
| Monopulse | Defense Tech | 2 | Funding · 30 Oct 2026 | — |
| nexos.ai | Cybersecurity | 4 | Funding · 20 Oct 2025 | Vilnius |
| Nord Security | Cybersecurity | 0 | Launch · 19 Oct 2026 | — |
| NordVPN | Cybersecurity | 0 | Launch · 19 Oct 2026 | — |
| PDKINEMATICS | Defense Tech | 2 | Launch · 28 Oct 2026 | — |
| Repsense | Defense Tech | 4 | Funding · 24 Sep 2026 | Vilnius |
| Santa Monica Networks | Cybersecurity | 0 | Hire · 13 Jul 2026 | — |
| Surfshark | Cybersecurity | 0 | Exit · 7 Sep 2026 | — |
| Surfshark Holding BV | Cybersecurity | 0 | Exit · 7 Sep 2026 | — |
| Telia | Cybersecurity | 0 | Launch · 22 Oct 2026 | — |
| Tesonet | Cybersecurity | 0 | Exit · 29 Sep 2026 | — |
| Unmanned Defense Systems | Defense Tech | 1 | Launch · 5 Aug 2026 | — |
| VYTIS TECH | Defense Tech | 0 | Launch · 23 Oct 2026 | — |
| Finland (18) | ||||
| Agion | Biometrics | 0 | Launch · 28 Oct 2026 | — |
| Arctic Ravn | Defense Tech | 1 | Funding · 27 Oct 2026 | — |
| Atol Aviation | Defense Tech | 0 | Exit · 2 Apr 2026 | Jämsä |
| Creoir | Defense Tech | 1 | Funding · 4 Sep 2026 | — |
| Galvatek | Defense Tech | 0 | Launch · 1 Aug 2026 | — |
| Iceye | Defense Tech | 11 | Launch · 23 Oct 2026 | Espoo |
| Incap | Defense Tech | 0 | Exit · 1 Feb 2023 | — |
| Innokas | Defense Tech | 0 | Launch · 20 Aug 2026 | — |
| Insta Group | Defense Tech | 0 | Launch · 25 Aug 2026 | — |
| Kelluu | Defense Tech | 1 | Funding · 14 Apr 2026 | Joensuu |
| Metaktik | Defense Tech | 1 | Launch · 1 May 2026 | Espoo |
| Nest AI | Defense Tech | 0 | Hire · 26 Aug 2026 | — |
| NestAI | Defense Tech | 1 | Launch · 25 Sep 2026 | Helsinki |
| Patria | Defense Tech | 0 | Launch · 29 Oct 2026 | — |
| Sensofusion | Defense Tech | 0 | Exit · 23 Sep 2026 | — |
| SSH | Cybersecurity | 0 | Hire · 4 Sep 2026 | — |
| SSH Communications Security | Cybersecurity | 0 | Launch · 7 Sep 2026 | — |
| Zeesam | Biometrics | 0 | Launch · 26 Oct 2026 | — |
| Denmark (17) | ||||
| Coana | Cybersecurity | 0 | Launch · 8 Oct 2026 | — |
| Conscia | Cybersecurity | 0 | Hire · 13 Oct 2026 | — |
| CyberPilot | Cybersecurity | 0 | Exit · 26 Aug 2026 | — |
| Dencrypt | Cybersecurity | 0 | Exit · 29 Aug 2026 | — |
| Dropla Tech | Defense Tech | 2 | Funding · 23 Jul 2026 | — |
| Keepit | Cybersecurity | 0 | Launch · 22 Sep 2026 | — |
| Moxso | Cybersecurity | 1 | Funding · 29 Aug 2025 | Copenhagen |
| Muninn | Cybersecurity | 0 | Exit · 30 Oct 2026 | — |
| MyDefence | Defense Tech | 0 | Launch · 6 Oct 2026 | — |
| Omada | Cybersecurity | 0 | Exit · 25 Sep 2026 | — |
| OneSecure | Cybersecurity | 0 | Launch · 1 Oct 2026 | — |
| Partisia Quantum | Cybersecurity | 0 | Hire · 1 Aug 2026 | — |
| Sasha | Cybersecurity | 1 | Hire · 14 Aug 2026 | — |
| Sovera Security | Cybersecurity | 1 | Hire · 26 Oct 2026 | — |
| Systematic | Defense Tech | 0 | Launch · 28 Oct 2026 | — |
| Terma | Defense Tech | 0 | Launch · 2 Sep 2026 | — |
| Weibel Scientific | Defense Tech | 0 | Launch · 27 Oct 2026 | — |
| Sweden (15) | ||||
| Advenica | Cybersecurity | 0 | Launch · 12 Oct 2026 | — |
| Gardera | Cybersecurity | 1 | Funding · 19 Oct 2026 | — |
| Hemla | Cybersecurity | 1 | Funding · 7 Aug 2026 | — |
| Kontext | Cybersecurity | 1 | Funding · 24 Sep 2026 | — |
| Link 22 | Cybersecurity | 0 | Exit · 7 May 2026 | Linköping |
| Nautrik | Defense Tech | 0 | Hire · 6 Oct 2026 | — |
| Nordic Air Defence | Defense Tech | 2 | Funding · 3 Jul 2025 | Stockholm |
| Oaiz | Cybersecurity | 1 | Funding · 28 Oct 2026 | — |
| Precise Biometrics | Biometrics | 0 | Launch · 30 Aug 2026 | — |
| Stilfold | Defense Tech | 1 | Funding · 21 Oct 2026 | — |
| SWEBAL | Defense Tech | 1 | Funding · 7 May 2026 | — |
| Syndis | Cybersecurity | 0 | Hire · 19 Aug 2026 | — |
| Takt | Defense Tech | 0 | Hire · 30 Oct 2026 | — |
| Valkyr Defense Systems | Defense Tech | 2 | Funding · 25 Sep 2026 | — |
| Yubico | Biometrics | 0 | Exit · 15 Oct 2026 | — |
| Latvia (10) | ||||
| Defence Partnership Latvia | Defense Tech | 0 | Exit · 4 Aug 2026 | — |
| Handwave | Biometrics | 1 | Launch · 3 Sep 2026 | Riga |
| Janus Capital Fund | Defense Tech | 0 | Launch · 25 Sep 2026 | — |
| LAT Defence | Defense Tech | 0 | Launch · 12 Oct 2026 | — |
| Lightspace Technologies | Defense Tech | 1 | Funding · 3 Sep 2026 | — |
| LMT Defence | Defense Tech | 0 | Launch · 2 Sep 2026 | — |
| Natrix | Defense Tech | 1 | Funding · 15 Feb 2026 | Riga |
| ORIGIN | Defense Tech | 0 | Launch · 29 Sep 2026 | — |
| Silmor | Defense Tech | 0 | Launch · 13 Jul 2026 | — |
| SUBmerge Baltic | Defense Tech | 1 | Funding · 20 Oct 2026 | — |
| Estonia (7) | ||||
| Archangel | Defense Tech | 0 | Launch · 29 Sep 2026 | — |
| Blackwall | Cybersecurity | 0 | Exit · 20 Oct 2026 | — |
| DefsecIntel | Defense Tech | 0 | Launch · 15 Oct 2026 | — |
| DOD Solution | Defense Tech | 1 | Funding · 28 Sep 2026 | — |
| Frankenburg Technologies | Defense Tech | 2 | Funding · 24 Feb 2026 | Tallinn |
| Lendurai | Defense Tech | 1 | Funding · 6 Jun 2025 | Tallinn |
| Patchstack | Cybersecurity | 1 | Launch · 16 Jul 2026 | — |
| Norway (4) | ||||
| Bsafe Group AS | Cybersecurity | 0 | Exit · 15 Sep 2026 | — |
| Pistachio | Cybersecurity | 0 | Exit · 21 Oct 2026 | — |
| Stendr | Defense Tech | 1 | Hire · 5 Aug 2026 | Oslo |
| Tundra Drone | Defense Tech | 1 | Funding · 24 Jul 2026 | — |
| Iceland (2) | ||||
| Defend Iceland | Cybersecurity | 0 | Hire · 7 Jul 2026 | — |
| Keystrike | Cybersecurity | 1 | Launch · 28 Nov 2023 | — |
Which defense and security startups raised a round since 1 Jun 2026?
22 defense and security startups raised a round recorded between 1 Jun 2026 and 31 Oct 2026: Monopulse (30 Oct 2026), Oaiz (28 Oct 2026), Arctic Ravn (27 Oct 2026), Indurex (22 Oct 2026), Stilfold (21 Oct 2026), and 17 more.
Which countries have the most defense and security startups on record?
Lithuania (24), Finland (18), Denmark (17) lead the defense and security record.
How this list is built
- Scope
- A company is listed once HansaIndex publishes at least one funding round, exit or product launch for it; a company in two sectors appears on both sector pages.
- Coverage
- Recorded as announced since 1 Jun 2026. Events dated earlier are backfill and incomplete.
- Dates
- The date the event was announced, not the date HansaIndex added it.
Data as of 31 Oct 2026 · Correct this record
Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.