Swedish start-up TERASi has raised €11 million in a seed round co-led by the NATO Innovation Fund (NIF) and JOIN Capital. It is the NIF's first investment in Sweden.
TERASi develops compact communication units that use millimetre-wave frequencies and narrow, directional beams. According to the company, the narrow beams make the links harder to detect and jam. It says the links reach more than 100 km.
In-Q-Tel, the CIA-established investment firm, also took part in the round. Other backers include D3, Navigare Ventures, Almi Invest, STING, Onsight Ventures, Further Than Capital and KTH Ventures, according to TERASi.
"Europe's armed forces need to be able to move decisive information securely, at speed, and in environments where infrastructure, satellites and the spectrum itself may be contested," said James Campion, CEO and co-founder of TERASi.
"Connectivity is a decisive capability on the modern battlefield. As hybrid warfare puts satellites, fixed infrastructure and GPS under constant threat of jamming and spoofing, Allied nations need networks that can stand up in minutes and stay secure," said Sander Verbrugge, partner at the NIF.
According to the NIF, the money will go towards scaling TERASi's existing products and growing its engineering and field team.