Swedish & Finnish Monava closes funding round to expand AI-driven acoustic drone detection

Stockholm & Helsinki-based defence tech startup Monava has secured an undisclosed investment round led by Gungnir Capital, with participation from Foundry Ventures and Hede Capital, to accelerate the commercialisation of its AI-powered acoustic drone detection technology. The company develops passive sensors that use advanced acoustics and artificial intelligence to detect, track and classify drones without emitting signals that could be detected or jammed, addressing gaps left by conventional radar systems. The fresh capital will be used to scale its organisation, expand production and meet growing demand from European defence customers as its technology gains traction across the Nordics and Ukraine. As part of the deal, Gungnir...

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