Monava closes funding round as demand for passive drone detection grows
Tech.eu Cate Lawrence
Monava, a Swedish-Finnish company specializing in AI-powered acoustic drone detection, has closed a funding round led by Gungnir Capital alongside Foundry Ventures and Hede Capital. Drones account for roughly 70 percent of all casualties in Ukraine's war, and Monava's passive detection system is already deployed across the Nordics and Ukraine. The funding will accelerate product commercialization and organizational scaling to meet rapidly growing demand from European defence customers.
Why it matters
Swedish-Finnish defencetech Monava, which specialises in acoustic drone detection, has closed an investment round with Gungnir Capital as the largest investor, together with Foundry Ventures and Hede ...
Related stories
British defence startup Agon creating virtual battlefields to combat drone attacks launches, raising $30M
Tech.eu · 1 month ago ·
36
Ground A raises €9M+ to bring laser-based counter-drone technology to market
Tech.eu · 1 week ago ·
37
From Danish military intelligence to Meta’s data centres: Velatir just raised €5M to fix Europe’s biggest AI blind spot
Tech Funding News · 4 weeks ago ·
33