Milliray
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Milliray - overview
Established
2025
Location
London, -, UK
Primary Industry
Defence
About
Milliray is a UK-based defense and airspace security company focused on advanced technologies for drone detection and tracking, ensuring safety in high-risk environments. Founded in 2025 and headquartered in London, UK, Milliray specializes in airspace security solutions. In June 2026, the company raised seed funding from Pioneer Fund, Y Combinator, and individual investors. Milliray has completed one deal to date.
Milliray specializes in advanced airspace security solutions, primarily offering their flagship product, DroneTector, which utilizes millimeter-wave radar technology to effectively detect, track, and classify small drones, including low-cost quadcopters and autonomous swarms. This innovative system is engineered to distinguish between drones, birds, and other clutter in real-time, addressing a critical gap in conventional radar capabilities that were developed for larger aerial threats. Milliray's technology is deployed in diverse environments including airports, critical infrastructure sites such as substations and refineries, and defense operations, providing essential protection against drone intrusions which are increasingly common. The company's products have a scalable architecture, allowing for configurations ranging from a single standalone unit to a comprehensive network of detection systems across multiple sites.
Milliray serves a client base that includes airport authorities, critical infrastructure operators, defense contractors, and security teams responsible for VIP protection. Milliray generates revenue primarily through direct sales of its DroneTector systems to businesses in sectors such as aviation and defense, as well as critical infrastructure. Transactions are structured as direct sales agreements, where clients purchase the hardware and may also opt for ongoing maintenance and support services. The pricing structure is reflective of the advanced technology and integration capabilities of the products, positioning them as premium solutions in the market.
Clients typically engage in transactional agreements that include both upfront costs for the hardware and potential subscription fees for software updates and technical support, ensuring optimal performance and adaptation to evolving airspace security needs. By partnering with entities like NATO and UKDI-DASA, Milliray enhances its market presence and credibility, facilitating access to a broader range of potential customers across various geographical markets, including Europe and North America. In June 2026, Milliray raised seed funding to support the development of upcoming products and expansion into new markets. The funds will be allocated towards launching new advanced detection systems and enhancing their current offerings.
The company aims to enter additional markets in Europe and North America by the end of 2027, leveraging its recent investments to scale operations and reach a broader clientele.
Current Investors
Y Combinator, Pioneer Fund
Primary Industry
Defence
Sub Industries
Security Services, Aerospace, Defence, Monitoring & Security Software
Website
www.milliray.com/
Verticals
Cloud Computing, Infrastructure, Robotics
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Milliray - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | Milliray | - |
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