In November 2024, Nordic Air Defence announced that it had secured a €1.2 million investment. This funding round was led by Norway-based SNÖ Ventures, marking their first foray into the defense technology sector.
The round also saw participation from notable private investors, including:
Jörgen Bladh, co-founder of Northzone, Jan Gurander, former Deputy CEO and CFO of Volvo Group.
Noam Perski, who joined as a strategic advisor. Existing board members, such as Chairman Johan Ahlberg and co-founder Gustav Wiberg, also made additional investments.
This €1.2 million investment is considered the second close of a larger strategic funding round, with the company planning a full seed round in the future. The secured funds are being directed towards accelerating research, development, and airborne testing of the Kreuger 100, as well as business development and staffing.
Nordic Air Defence (NAD) is a Swedish startup that has gained significant attention for its Kreuger 100, a lightweight, battery-powered drone interceptor. Its core innovation lies in replacing expensive hardware with software-defined flight control and intelligent aerodynamics, making it significantly more cost-effective and scalable than traditional interceptors.
Purpose: The Kreuger 100 is designed to counter a wide range of modern drone threats, including reconnaissance UAVs like the Russian Orlan-10 and loitering munitions such as the Iranian-designed Shahed drones, which have been extensively used in the conflict in Ukraine. It's envisioned for both military and civilian applications, including protecting critical infrastructure like airports, nuclear power plants, seaports, and government facilities.
Instead of relying on heavy and expensive onboard sensors, cameras, and propulsion systems, the Kreuger 100 uses advanced aircraft control software and pulsed propulsion. This significantly reduces manufacturing costs (reportedly by a factor of ten compared to traditional interceptors or missiles) and enables mass production.
It operates with short-term, periodic power-ups from its battery, contributing to its lightweight design and cost-effectiveness. It features an infrared tracking system that allows for 24/7 operation in various weather conditions, including night-time and through cloud cover. In its civilian configuration, it can reach speeds of up to 270 km/h, with military variants expected to achieve much higher speeds. Its lightweight and battery-powered design allows for hand-launching or deployment from mobile launchers, enabling rapid response in diverse scenarios. The Kreuger 100 has a modular design, allowing for mission-specific payloads and adaptable launcher configurations.
The concept for the Kreuger 100 was validated through discussions with physicists at Sweden's FOI (Defence Research Agency), confirming the feasibility of its software-driven approach. NAD has three patents pending for its unique design.
The round also saw participation from notable private investors, including:
Jörgen Bladh, co-founder of Northzone, Jan Gurander, former Deputy CEO and CFO of Volvo Group.
Noam Perski, who joined as a strategic advisor. Existing board members, such as Chairman Johan Ahlberg and co-founder Gustav Wiberg, also made additional investments.
This €1.2 million investment is considered the second close of a larger strategic funding round, with the company planning a full seed round in the future. The secured funds are being directed towards accelerating research, development, and airborne testing of the Kreuger 100, as well as business development and staffing.
Nordic Air Defence (NAD) is a Swedish startup that has gained significant attention for its Kreuger 100, a lightweight, battery-powered drone interceptor. Its core innovation lies in replacing expensive hardware with software-defined flight control and intelligent aerodynamics, making it significantly more cost-effective and scalable than traditional interceptors.
Purpose: The Kreuger 100 is designed to counter a wide range of modern drone threats, including reconnaissance UAVs like the Russian Orlan-10 and loitering munitions such as the Iranian-designed Shahed drones, which have been extensively used in the conflict in Ukraine. It's envisioned for both military and civilian applications, including protecting critical infrastructure like airports, nuclear power plants, seaports, and government facilities.
Instead of relying on heavy and expensive onboard sensors, cameras, and propulsion systems, the Kreuger 100 uses advanced aircraft control software and pulsed propulsion. This significantly reduces manufacturing costs (reportedly by a factor of ten compared to traditional interceptors or missiles) and enables mass production.
It operates with short-term, periodic power-ups from its battery, contributing to its lightweight design and cost-effectiveness. It features an infrared tracking system that allows for 24/7 operation in various weather conditions, including night-time and through cloud cover. In its civilian configuration, it can reach speeds of up to 270 km/h, with military variants expected to achieve much higher speeds. Its lightweight and battery-powered design allows for hand-launching or deployment from mobile launchers, enabling rapid response in diverse scenarios. The Kreuger 100 has a modular design, allowing for mission-specific payloads and adaptable launcher configurations.
The concept for the Kreuger 100 was validated through discussions with physicists at Sweden's FOI (Defence Research Agency), confirming the feasibility of its software-driven approach. NAD has three patents pending for its unique design.
No replies