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 Capital.
Monava combines advanced acoustics with AI to detect, track and classify drones. The system is fully passive, emits nothing that can be detected or jammed, and identifies threats where traditional sensors such as radar fall short. The capability has become operationally critical as the drone threat has grown worldwide.
Monava's acoustic systems are today found across the Nordics and in Ukraine. Close cooperation and extensive testing with armed forces have built strong trust, and global demand for Monava's sensors is growing rapidly. The growing order book now requires rapid scaling of the organisation.
According to Alexander Hebbe, CEO, Monava:
"The drone threat is evolving faster than most defence systems can keep up with. Demand for our technology is now increasing sharply, and the number of enquiries for our sensors exceeds our expectations daily. With Gungnir Capital, Foundry Ventures and Hede Capital behind us, we can accelerate development and meet the demand from European defence customers."
