According to an exclusive report from Sifted, the NATO Innovation Fund has backed Terasi, a defence startup, in an €11 million funding round. The report names NIF as a backer but does not disclose the full investor list or deal terms.
The backing marks another instance of institutional capital flowing into European defence technology. Terasi's specific products and technology are not described in the headline, and no further details about the company's operations are provided.
Sifted's exclusive report is the sole source for this information, so the details are limited to what the publication has disclosed.