Modirum Defence Secures Major Investment to Advance AI-Driven Defence Solutions

23 July 2024

Helsinki, Finland

Modirum Defence, a pioneer in mission-critical defence AI solutions, has closed a substantial financing round from Modirum Group. This growth equity financing will drive the company’s ambition to become a global leader in advanced defence solutions, focusing on its C2, ISR product family, GNSS-denied navigation AI, and autonomous swarming AI solutions for UAVs.

The funds will support the company’s research and development efforts, enabling the launch of these solutions in 2024. This investment aims to enhance Modirum Defence’s technological edge and deliver cutting-edge AI solutions for modern defence challenges. Key focus areas include the productization of GNSS-denied navigation AI and autonomous drone swarming AI, which are critical for resilient UAV operations.

Executive Insights

Elias Silvola, CEO of Modirum Defence, expressed his enthusiasm about the investment, stating: “This significant capital injection will propel our R&D initiatives, allowing us to bring groundbreaking AI solutions to market. Our goal is to provide innovative defence AI solutions comparable to leading American innovators but at a more reasonable price. Our main product launches will take place in Q4 2024, followed by global deliveries.”

Matthew Millward, Chief Commercial Officer, highlighted the commercial potential of Modirum Defence’s innovations: “The commercial implications of our GNSS-denied navigation AI and autonomous drone swarming AI are vast. These advancements enhance operational efficiency and resilience while opening new markets. By addressing critical gaps in current defence UAV capabilities, we position ourselves as a key player in the defence industry, ready to meet the evolving needs of our clients and partners.”

Philip Niedermair, Chairman of the Board of Modirum Defence, emphasized the strategic importance of these innovations: “Drawing on my extensive background in US intelligence and the Technology Assessment Center (TAC), I understand the global security impact of these advancements. With strong financial backing and a promising commercial pipeline, Modirum Defence is well-positioned to achieve significant milestones, become a pivotal player in the defence industry, and contribute to a safer, more secure world.”

Market Expansion and Future Goals

The investment will also expand Modirum Defence’s market reach and enhance its global sales and marketing efforts. With a focus on innovation and technological excellence, the company is poised to make significant strides in the defence sector, building a more secure and technologically advanced future.

AI Capabilities

Central to Modirum Defence’s innovative solutions are its advanced AI algorithms, particularly in GNSS-denied navigation and drone swarming technologies. These AI capabilities provide unparalleled autonomy and precision in defence operations:

• GNSS-Denied Navigation: This AI solution ensures reliable navigation without reliance on global navigation satellite systems, making it resilient against signal jamming and spoofing. This technology is crucial for maintaining operational integrity in contested environments.

• Drone Swarming AI: Leveraging sophisticated AI algorithms, Modirum Defence’s drone swarming technology enables the autonomous operation of multiple UAVs. The system is designed for both ISR and effector operations.

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About Modirum Defence

Modirum Defence is part of Modirum Group, a multinational company specializing in technology solutions for global Fintech, Defence, and Government sectors. Modirum Defence is a leading technology company developing advanced solutions for modern defence challenges. Based in Finland, the USA, UK, and the Middle East, Modirum Defence is committed to leading Europe in defence technology and ensuring the highest standards of security and reliability.

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