TERASi Raises €11 Million in Seed Funding
TERASi, a Stockholm-based defense technology company specializing in wireless systems for critical industries, has successfully secured €11 million in a seed funding round. The investment was co-led by the NATO Innovation Fund (NIF) and Join Capital, with participation from investors including In-Q-Tel, D3, Navigare Ventures, Almi Invest, STING, Onsight Ventures, Further Than Capital, and KTH Ventures.
About TERASi
Founded in 2020 as a spinout from KTH Royal Institute of Technology, TERASi focuses on developing tactical communications hardware. The company uses its proprietary AirCore technology to create millimeter-wave devices that offer fast and secure wireless links. These devices can be integrated with various tactical platforms and are capable of being deployed on tripods or drones rapidly, providing data transmission speeds up to 50 times faster than traditional satellite connections over distances exceeding 100 kilometers.
Funding Utilization
The newly acquired funds will be directed towards several strategic initiatives. TERASi aims to broaden the deployment of its technology, enhance its engineering and field teams, and develop new millimeter-wave-based products. Additionally, the company plans to integrate these products into a unified system to better serve its clientele, which includes the Swedish Armed Forces and the European Space Agency.
Strategic Investors
The involvement of high-profile investors such as NATO Innovation Fund and In-Q-Tel underscores the strategic importance of TERASi’s technology. With the support of these investors, TERASi is well-positioned to expand its reach within the defense and telecommunications sectors in Europe.
This seed funding round marks a significant step for TERASi as it continues to innovate in tactical communication solutions for critical industries where speed, security, and adaptability are paramount.