TERASi Raises SEK 121.5M Series A for Millimeter-Wave Radios

TERASi Raises SEK 121.5M Series A

TERASi, a Stockholm-based deep-tech company, has raised SEK 121.5 million in Series A funding. The NATO Innovation Fund participated in the round.

What TERASi Does

TERASi develops compact millimeter-wave radios that provide secure, fiber-class gigabit wireless links. The company's hardware is designed to be deployed in minutes in locations where fixed fiber connections are impractical.

Its technology builds on high-frequency chip packaging and system-in-package technology designed for frequencies above 60 GHz. That engineering focus positions TERASi in the next generation of wireless networks, where high-frequency spectrum is used to deliver high-capacity links without trenching fiber.

Leadership and Origins

The company was founded by CEO James Campion, CTO Adrian Gomez-Torrent and COO Bernhard Beuerle. The founding team combines leadership across business, technology and operations, a structure suited to a hardware company that must move from chip-level innovation to deployable systems.

Target Markets and Use Cases

TERASi serves defense, SATCOM, telecom and industrial customers. Its radios address several distinct applications:

• Surveillance: Secure, high-capacity links for monitoring and sensor networks
• Deployable connectivity: Rapidly established gigabit wireless connections where fiber cannot reach or cannot be installed quickly
• Production facilities: Connectivity for industrial environments

The defense and SATCOM focus aligns with the participation of the NATO Innovation Fund, which backs technologies with relevance to allied security and resilience.

Why This Round Matters

A SEK 121.5 million Series A is a substantial raise for a deep-tech hardware company. It signals confidence in TERASi's approach to millimeter-wave radio design and its ability to serve demanding customers in defense, satellite communications, telecom and industry.

The core value proposition — fiber-class gigabit links deployed in minutes — addresses a real constraint. Fixed fiber is expensive, slow to install and sometimes impossible to deploy, whether because of terrain, temporary operations or the need for rapid setup. Compact millimeter-wave radios offer an alternative that can be operational far faster.

Acquisition Angle

TERASi operates in a space where strategic buyers often include defense contractors, telecom equipment vendors, SATCOM operators and industrial connectivity providers. Its combination of high-frequency chip packaging expertise, system-in-package design and above-60 GHz focus represents specialized intellectual property that is not easily replicated.

The company's customer segments — defense, SATCOM, telecom and industrial — are each large and technically demanding, and its deployable connectivity use case has clear relevance to both commercial and security-oriented buyers. Backing from the NATO Innovation Fund adds a signal of strategic relevance in defense and allied technology ecosystems.

Summary

• Company: TERASi
• Round: Series A
• Amount: SEK 121.5 million
• Investor: NATO Innovation Fund
• Stage: Series A
• Headquarters: Stockholm
• What it does: Develops compact millimeter-wave radios providing secure, fiber-class gigabit wireless links deployable in minutes where fixed fiber is impractical
• Technology: High-frequency chip packaging and system-in-package technology for frequencies above 60 GHz
• Founders: CEO James Campion, CTO Adrian Gomez-Torrent, COO Bernhard Beuerle
• Customers: Defense, SATCOM, telecom and industrial
• Use cases: Surveillance, deployable connectivity, production facilities