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Estimate the valuation of your defense-tech company

Fill in the blocks below — they build your company's profile and give you a benchmark: what it's worth, what investment it could potentially raise, and what stake to set aside for the round you want.

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Company & structure

1How many legal entities do you have?
2Where is the main legal entity registered?
3Do you have Diia.City residency?
4Do you have a legal entity abroad?
5Shareholders and share splitnames optional
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6Are there already external investors on the cap table?
7Is there a state stake in the cap table?
8How many founders?
9Does any founder have military / combat experience?
10Does anyone have an engineering / technical background?
11How many founders work full-time?
12How old is the company (years)?
13What stage is the company at overall?
14Have you raised investment before?

Raising

The essentials: how much you're raising and how you value yourselves
15How much capital do you plan to raise?
$
16In what instrument?Equity — you sell a share of the company at a fixed valuation now. SAFE — money now, shares later at the next round's valuation (with a cap/discount); no valuation is fixed today. Convertible — a loan that converts into shares at the next round (has interest and a term). Undecided — we'll advise which fits.several allowed
17What will the funds be used for?allocate approximately, %
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18Do you have a company valuation?

Products & technology

19Your products and product linescategory strongly affects the valuation
Product 1 (primary)
$
20Where do you manufacture?
21Total monthly production capacity?approximate
22Any dependency on critical / Chinese components?

Sales & traction

23What is your current monthly revenue (MRR)?0 if none yet
$
24How much is contracted right now (backlog)?sum of signed contracts
$
25How stable are these contracts?
26How many units have you delivered?
27How do you make money?several allowed
28Codification / adoption status?
29Are you in Brave1?
30Any signed LOIs or pilots?An LOI (Letter of Intent) is a short, non-binding note from a customer saying they intend to buy or order — volume, indicative price, timing — but it's not yet a contract. A pilot is a limited (often paid) trial of your product with a real customer to prove it in the field before a larger order. Either one is third-party proof that demand is real.
31Any signed foreign / export contracts or paid foreign pilots?A signed foreign or export contract (or a paid foreign pilot) is real traction beyond the domestic buyer — it proves the product clears export controls and allied standards, and it's the single biggest thing investors pay up for after codification. Merely targeting foreign buyers, or an early negotiation (LOI/MOU), counts for much less.signed foreign traction is the strongest upside lever

Market & customers

32Who are your customers (current or target)?several allowed — a wider circle lifts the valuation
33Any civilian / dual-use application?

Intellectual property

34Who owns the IP?
35Do you have a patent?
36Do you have a registration certificate?
37Who owns the code / documentation?
38What protects you from copying?
39What is your export classification?

Regulatory & compliance

40Any export permits or restrictions?
41Any regulatory margin caps?
42Any ties to russia / belarus or sanctioned persons in ownership or supply?

Finance & readiness

43Do you have management financials (P&L)?
44Are company funds separated from personal ones?
45Do you know your unit economics?Unit economics — how much it costs to make and sell one unit and how much net you earn on each. Shows whether the business is profitable per unit.
46Do you have a data room?
47Ready to go under NDA and share basic data?

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Methodology

How the valuation is calculated

No black box. The estimate is a transparent, sector-anchored heuristic: a base value for your product category and stage, multiplied by the factors investors actually price in. It's an indicative pre-NDA range — a starting point for a conversation, not a formal DCF or an audited valuation.

1 — Base: sector & stage

With revenue, the base is your annual revenue times a sector multiple. The multiple depends on how software-heavy the value is: scalable software and AI earn higher, SaaS-adjacent multiples; hardware — drones, munitions, naval — is valued closer to revenue, like a manufacturer. Pre-revenue, it's a sector base range instead, discounted for an idea (×0.5) or a prototype (×0.7).

SectorTypeRevenue multiplePre-revenue base
AI / battlefield softwaresoftware4–8×$1.5M–$7M
Simulators / trainingsoftware3–6×$800k–$4M
EW / commshybrid3–6×$1.5M–$7M
ISR / reconnaissance UAVhybrid2.5–5×$1M–$5M
Counter-UAS / air defensehybrid2.5–5×$1.5M–$7M
Long-range strike / missileshardware2.5–5×$2.5M–$10M
Ground robotics (UGV)hardware2–4×$1M–$5M
Naval systemshardware2–4×$1.2M–$6M
Smart munitionshardware2–4×$1.2M–$6M
FPV / strike droneshardware1.5–3×$500k–$2.5M
Demining / dual-usehardware1.5–3×$800k–$4M
Components / enablershardware1.2–2.5×$500k–$2.5M

2 — Factors that move the number

Each answer applies a multiplier to the base. They compound, then the combined effect is capped at ×0.5–×2.3, so no single answer swings the range too far.

Raises the valuation
Codified / adopted+22%
Signed foreign / export contract+20%
IP on the entity + patent+18%
Combat-proven+15%
Diversified customers (3+)+14%
Moat: data / algorithm+10%
Stable contracts+10%
Foreign contract in negotiation+10%
Export permits in place+8%
Cross-border structure+8%
Clean financials+5%
Foreign investor on the cap table+5%
Targeting foreign buyers+5%
Lowers the valuation
Sanctions risk in the structure-45%
IP not held by the company-18%
Single customer (concentration)-7%

Combined multiplier capped at ×0.5–×2.3.

3 — Range, round & stake

We show a range, not a single number — it narrows as you complete the profile. A first institutional round is typically 15–25% of the valuation; the equity calculator turns any stake you'd sell into the raise and the post-money it implies.

This is an indicative model for founders, not investment advice. A defensible valuation for a real raise is something we build with you — grounded in your numbers, comparables and the specific investor.

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