Stockholm-based security and defence technology company Freya Industries has raised SEK 6 million, approximately 532,000 euros, in an oversubscribed funding round to accelerate its European expansion. The round drew support from Foundry Ventures, Longswan Ventures, Propel Capital, Saminvest AB via Annexstruktur, Schyssta Änglar, Sting, and selected private investors. Freya develops connected sensors and intelligent software for drone detection, personal protection, and infrastructure security, and its products are already sold through security companies in five European countries.
An oversubscribed first round
Freya closed the round in September, bringing together selected funds, investment companies, and private investors based in Stockholm. The company described the round as oversubscribed and explained that each backer was chosen for something specific to add beyond capital. This combination is intended to strengthen Freya's access to commercial networks, industry expertise, and long-term strategic support as the business grows across new European markets.
Software-driven sensor intelligence
Freya's sensors are designed to combine affordable hardware with software that proactively understands what is happening in the surrounding environment. The intelligence sits in the software, which allows the devices to be inexpensive enough for broad deployment across people, facilities, and infrastructure. The company's analytics platform aggregates sensor data into one live picture, helping security providers anticipate risks before they escalate into serious incidents.
Drone detection with pilot localisation
Drone detection currently represents Freya's strongest area of demand. Its detectors combine multiple detection techniques with in-house AI models to locate both the drone and the person operating it. By focusing on cost efficiency, Freya aims to make drone detection accessible to more sites that require protection but cannot justify expensive legacy systems, creating a practical option for security firms and their customers.
Selling through European security partners
Freya follows a partner-led sales model, supplying security companies in five European countries rather than selling directly to end customers. These partners install Freya's sensors at their clients' sites and use the analytics platform as a shared live operational view. Company co-founder Marcus Gustring said security firms receive questions about drone threats every week, but detection has historically cost more than the problem, and existing sales across five countries show the size of the gap.
Capital allocation and scaling plans
The new capital will be directed toward fulfilling customer orders, expanding the team, and supporting Freya's rollout across Europe. Certification, security, and resilience have been prioritised so the hardware and software can operate safely in harsh environments. Freya is also developing intelligent personal alarms for professional users and additional sensors designed to protect critical infrastructure, extending the same platform approach beyond drone detection.
Investor confidence and market relevance
The oversubscribed nature of the round indicates rising investor interest in security technologies that combine affordability with advanced software capabilities. Freya's early sales across five countries demonstrate that there is a practical market gap for lower-cost detection solutions. The company's approach aligns with growing European demand for drone awareness, personal safety tools, and resilient infrastructure monitoring, positioning it for continued commercial traction.
Freya Industries' first funding round provides a foundation for the company to scale operations and extend its commercial footprint in Europe. By keeping hardware accessible and placing intelligence in software, the company aims to close the gap between high-cost legacy systems and everyday security needs. With new capital, strategic investors, and existing customer orders, Freya is positioned to strengthen its role in the evolving security and defence technology market.