Frankenburg Technologies

Frankenburg Technologies is an Estonian defence technology company headquartered in Tallinn that designs and mass-manufactures guided interceptor missiles for air and missile defence. It was founded in 2024 by serial entrepreneurs Taavi Madiberk, who chairs the supervisory board, and Marko Virkebau, with Kusti Salm -- Estonia's former permanent secretary at the Ministry of Defence -- serving as CEO. The company's flagship product, the Mark I, is described by the company as the smallest and lowest-cost guided interceptor missile ever live-fired; it is built from commercially available components to enable rapid, low-cost mass production rather than the decade-long, high-cost development cycle typical of conventional defence procurement. Frankenburg states it took the Mark I from concept to live-fire testing in 13 months, and the system is designed to integrate across land, air and maritime launch platforms. In 2025 the company conducted live-fire demonstrations of the Mark I and worked with Airbus on autonomous-drone interception trials. Frankenburg opened a production facility in Riga, Latvia, which it describes as one of the first affordable mass-production missile factories in Europe, with a stated target capacity exceeding 100 missiles per day at each planned manufacturing site; the company has announced expansion into the United Kingdom, Germany, Lithuania, Poland and Denmark, including a March 2026 agreement with Polish state defence group PGZ to build an anti-drone defence plant in Poland. In July 2025, Frankenburg signed a memorandum of understanding with UK defence group Babcock and the UK's Advanced Capabilities and Underwater Acquisition organisation (ACUA) to jointly develop maritime counter-drone air-defence systems. The company closed a 30 million euro Series A funding round in March 2026, led by Plural, co-founded by Wise's Taavet Hinrikus, bringing total raised capital to roughly 40 million euros; investors also include the Estonian state-backed SmartCap Defence Fund, which contributed 7 million euros. Frankenburg positions its mission around correcting the cost asymmetry of modern drone and missile warfare, where inexpensive, mass-produced aerial threats can be built faster and cheaper than the interceptors historically used to stop them. The company can be reached at [email protected] and maintains a careers portal at careers.frankenburg.tech.