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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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).
| Sector | Type | Revenue multiple | Pre-revenue base |
|---|---|---|---|
| AI / battlefield software | software | 4–8× | $1.5M–$7M |
| Simulators / training | software | 3–6× | $800k–$4M |
| EW / comms | hybrid | 3–6× | $1.5M–$7M |
| ISR / reconnaissance UAV | hybrid | 2.5–5× | $1M–$5M |
| Counter-UAS / air defense | hybrid | 2.5–5× | $1.5M–$7M |
| Long-range strike / missiles | hardware | 2.5–5× | $2.5M–$10M |
| Ground robotics (UGV) | hardware | 2–4× | $1M–$5M |
| Naval systems | hardware | 2–4× | $1.2M–$6M |
| Smart munitions | hardware | 2–4× | $1.2M–$6M |
| FPV / strike drones | hardware | 1.5–3× | $500k–$2.5M |
| Demining / dual-use | hardware | 1.5–3× | $800k–$4M |
| Components / enablers | hardware | 1.2–2.5× | $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.
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.