NATO Innovation Fund co-leads €11M seed round for Sweden's Terasi

Terasi, a Stockholm-based defence technology startup, has secured an €11 million seed investment co-led by the NATO Innovation Fund, the company announced. According to Tech.eu, the round was also co-led by Join Capital, an early-stage European fund.

The company develops communications technology designed for battlefield conditions, engineered to resist interception and jamming. Its products include component parts capable of transmitting large volumes of data at high frequency, aimed at the defence, satellite, and telecoms sectors. Terasi has built pocket-sized equipment that can establish secure, gigabit-speed wireless links without relying on fibre or towers, a capability suited to military and emergency use. The startup describes itself as the only European manufacturer able to deliver a flexible wireless communications system for contested environments without sacrificing security, deployability, or high-speed data capacity.