Defense & Dual-use companies in Finland
Finland's defence and dual-use companies build technology for both military and civilian customers: counter-drone systems, simulation and training headsets, autonomous airships and AI for defence applications. Most of the companies in this sector are young, and several were founded after 2022.
Scaled 2
International revenue over EUR 20M and not declining.
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Vantaa · founded 2016 · 📈 ListedCounter-drone systems (AIRFENCE): drone detection, SIGINT and electronic countermeasures for military and government customers worldwide. Founded 2016; own production in Vantaa and Canada, with a UK facility…
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Helsinki · founded 2016Military-grade VR/XR headsets and simulation-training solutions, in use across 100+ defence and aviation programmes worldwide; deliveries to the Ukrainian Armed Forces include counter-drone and battle-tank…
In market 3
Product is being sold.
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Oulu · founded 2022Advanced decoy technologies — even a small nation can create the illusion of a larger army.
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Joensuu · founded 2018Autonomous hydrogen-powered airships (ISR/surveillance). €15M — NATO Innovation Fund's first Finnish investment.
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Helsinki · founded 2024"Physical AI" for defence and autonomous systems (unmanned vessels, command & control). €100M (Tesi + Nokia); founder Peter Sarlin (ex-Silo AI).
Pre-revenue 4
No sales yet.
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Espoo · founded 2023ONYKS™ — a cognitive electronic warfare platform spanning Electronic Support, Attack and Protection: detects and classifies threats across RF, acoustic and optical domains, adds hyperspectral imaging and…
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Riihimäki · founded 2025FPV drone design house and developer, launching Skyboard Ultra: an ultra-thin Finnish birch board that replaces carbon fibre in FPV drone frames — carbon-fibre-like stiffness at similar cost, developed with a…
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Helsinki · founded 2025Fully onboard, vision-based autonomy for unmanned systems in GPS-denied terrain — forest, indoor and EW-contested environments, without reliance on satellite signals. First product Kilo. Programme with the…
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Espoo · founded 2026Ultra-light, flexible metasurface antennas for drones, satellites and ground systems — comms, radar, stealth. €1M pre-seed (Maki.vc), Aalto.
Other sectors
How this list was made
Every company is checked by hand against the trade register and its own material, and placed in the one sector that best describes its business or technology. Service firms and consultancies are left out. The full rules are on the landscape ↗