About Milrem Robotics
Milrem Robotics is a company based in Tallinn (Estonia) founded in 2013 was acquired by EDGE in February 2023. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Milrem Robotics offers products and services including THeMIS, VECTOR, HAVOC, MRCV, and Autonomy (MIFIK). Milrem Robotics operates in a competitive market with competitors including Clearpath Robotics, Capra Robotics, Gideon, Swiss Mile and Ghost Robotics, among others.
- Headquarter Tallinn, Estonia
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Sectors
Industrial Goods & ManufacturingAerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Milrem As
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$7.15 M (USD), Grant
Dec 01, 2020
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Investors
EDGE Group
& 1 more
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Employee Count
Employee Count
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Acquired by
EDGE
(Feb 15, 2023)
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Products & Services of Milrem Robotics
Milrem Robotics offers a comprehensive portfolio of products and services, including THeMIS, VECTOR, HAVOC, MRCV, and Autonomy (MIFIK). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Multi-mission vehicle used for combat support operations.
Tracked vehicle designed for mechanized unit support.
Support system built for mechanized combat units.
Vehicle crafted to assist mechanized combat operations.
Integration kit developed for intelligent unmanned functions.
Kit designed for advanced unmanned system integration.
Funding Insights of Milrem Robotics
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $7.1M
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First Round
First Round
(01 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2020 | Amount | Grant - Milrem Robotics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Milrem Robotics
Milrem Robotics has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include EDGE Group and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Provider of missiles, weapons, electronic warfare and intelligence, and mission support services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Milrem Robotics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Milrem Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milrem Robotics Comparisons
Competitors of Milrem Robotics
Milrem Robotics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clearpath Robotics, Capra Robotics, Gideon, Swiss Mile and Ghost Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Autonomous robots and software are provided for diverse industries.
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UGVs for outdoor activities and surveillance are provided.
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| domain | founded_year | HQ Location |
Autonomous mobile robots for material handling are provided by Gideon.
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| domain | founded_year | HQ Location |
Wheeled-legged robots with AI-based autonomy are developed for robotics engineering.
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Multi-legged robot platforms for rough terrain are developed.
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| domain | founded_year | HQ Location |
Unmanned ground vehicle robots are developed for commercial applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milrem Robotics
Frequently Asked Questions about Milrem Robotics
When was Milrem Robotics founded?
Milrem Robotics was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is Milrem Robotics located?
Milrem Robotics is headquartered in Tallinn, Estonia.
What does Milrem Robotics do?
Milrem Robotics is established as a global leader in autonomous unmanned ground vehicles for military applications. The company is focused on providing cost-effective, combat-proven solutions that enhance operational effectiveness and tactical advantages. Operations are conducted across defense sectors with a presence in multiple countries including Estonia, Finland, Sweden, Poland, the Netherlands, UAE, and the USA. Innovative robotic systems are developed to support mechanized units and reduce loss of lives. Participation in European Defence Fund projects ensures cutting-edge interoperable vehicle families for current and future EU defense needs.
Who are the top competitors of Milrem Robotics?
Milrem Robotics's top competitors include Clearpath Robotics, Gideon and Capra Robotics.
What products or services does Milrem Robotics offer?
Milrem Robotics offers THeMIS, VECTOR, HAVOC, MRCV, and 2 more products and services.
Who are Milrem Robotics's investors?
Milrem Robotics has 2 investors. Key investors include EDGE Group, and European Union.