11 European defence startups raised in 2026

European defence, security and resilience startups raised $8.7 billion last year, up 55% on 2024. Late-stage rounds tripled to $4.7 billion.

The rounds

• Harmattan AI, France, $200M Series B. AI-driven defence systems, UAVs and command-and-control software.

• UFORCE, $50M Series B. Unmanned systems across air, land and sea.

• Sensofusion, Finland, €45M Series B. Counter-drone detection and neutralisation.

• Onodrim Industries, Netherlands, €40M seed. Defence manufacturing and networked border security.

• TYTAN Technologies, Germany, €30M Series A. Autonomous interceptor drones.

• Frankenburg Technologies, Estonia, €30M Series A. Low-cost interceptor missiles.

• Hypersonica, Germany and UK, €23.3M Series A. Hypersonic long-range strike systems.

• ENPULSION, Austria, €22.5M. Electric propulsion for small satellites.

• Kelluu, Finland, €15M Series B. Autonomous airships for surveillance.

• Orqa FPV, Croatia, €12.7M Series A. FPV drones for defence and industrial use.

• Buntar Aerospace, Ukraine, $10.4M. Reconnaissance UAVs and mission-support software.

What the list shows

Notice what is absent. Almost none of this is primes building traditional platforms. It is drones, counter-drone, interceptors and propulsion, most of it from companies under 5 years old.

AI underpinned 44% of all defence funding last year.

Where the capital is going

The capital is not going where the incumbents are. It is going where the incumbents are not.