Valued at 15 billion: The technology that stops hostile drones

Finnish Sensofusion has announced its entry into the stock market, aiming to raise 300 million euros through a share issue, which values the company at approximately 1.3 billion euros or nearly 15 billion SEK. The company, which started in 2016, develops and manufactures technology to detect, track, and neutralize hostile drones, as well as locate their operators.

The company’s technology can identify drones with strong radio signals from distances greater than 100 kilometers and can also be detected using optical and acoustic sensors. This move marks a significant milestone as it is reportedly the first time a company with such a high valuation is listed on the Finnish stock exchange.

Sensofusion plans to use the raised funds to accelerate technology development, increase production, and enhance testing capabilities. The company aims to strengthen its financial position, as stated by Timo Ahopelto, the chairman of the board.

In the last twelve months, Sensofusion generated revenue of 7.2 million euros, with projections indicating nearly 50 million euros for the upcoming period. The company has also reported a notable profitability, with profits amounting to 60 percent of revenue during the same period.

The market for drone detection technology is expected to grow approximately 30 percent annually, potentially increasing fivefold by the year 2030, according to Ahopelto. The company maintains a direct sales approach, eliminating intermediaries, which allows them to manage the entire value chain from product development to support.

Sensofusion describes its customers as “friendly nations,” primarily NATO and Western countries, emphasizing a commitment not to sell to countries that could undermine the positions of current customers. The software requires regular updates to prevent the technology from falling into the wrong hands.

The maximum number of new shares to be issued in the upcoming listing corresponds to 18.8 percent of the company's total shares post-offering, assuming full subscription of the offered shares. The offering price for the shares is set at 16.41 euros, with trading expected to commence on Nasdaq Helsinki on October 13, 2026. Dagens PS reported this development.