Valkyrie Dynamics, a defence hardware startup with offices in Lithuania and Ukraine, has secured €1 million in a pre-seed funding round. The investment was led by the Paris-based venture studio Hexa, with additional support from angel investors specializing in defence technology.
The company produces Heimdall, a miniature radar seeker designed for FPV interceptor drones. Weighing approximately 100 grams, the device aims to provide target tracking in adverse weather conditions, such as rain or fog, where traditional optical and thermal sensors often fail. The target price for the unit is below €300 when produced at scale.
The startup operates an R&D laboratory in Kyiv to facilitate rapid hardware iteration through direct collaboration with frontline operators. By October 2026, the team completed a working prototype and joined the Hexa Sprint Defense acceleration program.
Valkyrie Dynamics is currently integrating its radar technology with guidance modules from partners, including recent flight tests conducted with Korven Systems. The company plans to use the new capital to manufacture the initial version of the radar, expand its team, and continue product development.
Looking ahead, the firm intends to open European technical integration hubs in late 2026 to support NATO procurement programs. Future plans also include adapting the radar technology for use on ground vehicles and other unmanned platforms.
