Finnish anti-drone firm Sensofusion plans 300 million euro Helsinki IPO

Anchors commit 170 million euros, implying 1.3 billion euro pre-money valuation

Sensofusion, a Finnish defense technology company that develops counter-drone software, plans to raise approximately 300 million euros ($343.5 million) in a Helsinki initial public offering, the company said Wednesday. The planned offering comes as unmanned aerial vehicles have come to dominate the wars in Ukraine and the Middle East, drawing investor attention to drone-related companies across Europe.

Three pension insurance companies and a fund management group have committed 170 million euros to anchor the offering, the company said, implying a pre-money valuation of up to 1.3 billion euros. Danske Bank’s Finnish branch was appointed bookrunner for the listing.

Sensofusion said proceeds would be used to develop its technology and to expand production and testing into different markets. The company said the IPO would raise its profile.

The Helsinki listing places Sensofusion in a growing queue of European drone makers pursuing public-market capital. German drone maker Quantum Systems and Dutch-headquartered Destinus are among European drone companies reportedly considering IPOs.

Sensofusion develops and sells anti-drone software, including drone detection and counter-drone technology. The Vantaa-based group said it has won a contract with the U.S. Marine Corps and that its technology is used in Ukraine and the Middle East. The company’s anti-drone software is also pitched as a tool for the protection of high-ranking officials and for use by armies engaged in conflicts.

Group revenue more than doubled year-over-year to 25.97 million euros in the first six months of 2026, according to unaudited results. Operating profits for the period were 13.656 million euros.

Nearly 90% of the group’s revenue came from Europe, the Middle East and Africa in 2025, with 9.1% originating in North America, the company said. Revenue is not dependent on ongoing conflicts, with only 7% of 2025 revenue generated from Ukraine, it said.

The group raised 45 million euros through a Series B funding round in January of this year, according to private markets data platform Dealroom.

Founder and chief executive Tuomas Rasila said he would continue to lead the company, but added the listing would allow the company “to outgrow its founder.”