Frankenburg Technologies raises €1.5M Seed round

13 October 2024· Tallinn, Estonia· defense, aerospace, ai, robotics, b2g, software_hardware

Development and production of innovative and mass-ready air defense systems and missiles specifically designed to combat drones.

Europe’s deterrence problem is not just about budgets, it’s about availability. You cannot deter with systems that are too scarce, too slow to replace, or too expensive to use at scale. Frankenburg was built to restore speed, scale and sustainability to missile defence. This funding allows us to put real industrial capacity behind that mission and build missile systems Europe can actually afford to fire and produce at scale.

Kusti Salm, CEO

Investors

LeadShellona
Also participating
MM GruppMarko VirkebauJaanus TammeKuldar Väärsi

About Frankenburg Technologies

Stage
Growth
Headquarters
Tallinn, Estonia
Founded
2024
Team Size
51–200
Sectors
defenseaerospaceairoboticsb2gsoftware_hardware

Source: https://nordic9.com/news/frankenburg-technologies-raised-1-5-million-from-shellona-news2147366300/