Finnish anti-drone company Sensofusion is preparing for an Initial Public Offering (IPO) on the Helsinki Stock Exchange, targeted for December 2026. The company, which specializes in systems that detect, identify, locate, and neutralize drones, is reportedly seeking a valuation of "several hundred million" euros, with some estimates reaching around EUR 1 billion.
Sensofusion has experienced rapid growth, with its revenue tripling over the past three years to approximately EUR 21 million in 2024, and reporting EUR 35.1 million in 2025. A recent Series B funding round raised EUR 45 million, with investors including Lifeline Ventures and pension giant Varma, giving the company a post-money valuation in the range of EUR 550 million to EUR 597 million. Mikko Hyppönen, a prominent cybersecurity expert, joined Sensofusion as Chief Research Officer and part-owner in 2025.
The demand for counter-drone technology has surged due to the increasing role of drones in modern warfare. Sensofusion's flagship product, Airfence, is utilized by militaries, law enforcement, and critical infrastructure operators globally. The company has also expanded its capabilities through strategic acquisitions, including Finnish aircraft manufacturer Atol Aviation (also known as Scandinavian Seaplanes Oy) in March 2026, to enhance its drone surveillance and airborne system deployment. Sensofusion also plans to launch a demonstration satellite next year to test drone detection from space.
While the specific details of the IPO, including timing and terms, are subject to change, the move signifies Sensofusion's transition from a specialist defense supplier to a publicly traded entity in a fast-growing security market. The company, founded by CEO Tuomas Rasila, has its headquarters in Vantaa, Finland, and has seen a significant shift in its business, with 90% of its products now sold for military use after starting in the civilian market in 2016. Its expanded board, including Timo Ahopelto as chair, is preparing the company for the potential listing.
