Frankenburg Technologies is positioning itself to develop and produce an affordable European anti-missile defense system intended to compete with legacy solutions such as the Patriot. The company has opened its first manufacturing plant in Latvia to scale serial production of interceptors. Its technical approach emphasizes lower unit cost and manufacturability to enable massed engagements and sustainment in prolonged conflicts. Frankenburg publicly announced its Series B raise of €100 million to finance development and production, reflecting investor interest in alternatives to constrained incumbent supply chains. The company is cited in coverage alongside other new entrants like FirePoint as part of a broader shift toward more affordable, scalable missile-defense options in Europe.

Total raised

$41M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2026