Rift Dynamics develops and manufactures drones, and is positioning its systems for defense sector customers. The company has recently entered strategic partnerships with Ondas Holdings and Norwegian ammunition group Nammo to market and sell its drones to U.S. defense buyers. Founder and CEO Knut Roar Wiig previously built and listed Nordic Unmanned, bringing relevant industry and capital-markets experience. Financially, Rift Dynamics had previously secured NOK 2.5 million in venture backing and non-dilutive support from Innovasjon Norge before its latest round. The most recent transaction reportedly prices the business at about NOK 67 million. Looking ahead, management projects 2025 revenue of roughly NOK 15 million with an operating profit near NOK 1.5 million, indicating a pathway toward profitability. The new capital and partnerships are expected to accelerate product development and international sales efforts, particularly in the U.S. defense market.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2025