Companies

MillirayWinter 2026Active

London · United Kingdom · founded 2026 · https://milliray.com/

Diligence memoA one-page analyst read on Milliray — recommendation, valuation, rhythm, risks.
Total raised · real
0
Rounds
Latest step-up
Top 5%
Sector rank · raised
Latest stage · inferred

Milliray: limited disclosed financing to assess.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Technology to detect and track small drones

We make radars that can see small drones. As drones evolve faster than air defenses, detection has fallen behind. Even $50 drones now present a major threat to airports, critical infrastructure, and front-line defense. We solve this by building high-frequency radar systems, designed from the ground up to detect even the most challenging low-signature targets. This allows us to identify and track nano drones like no other solution, letting you know what's truly in your airspace.

DronesIndustrials
Find Milliray online

As reported in public records reported — not modeled.

GB
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

No round amounts on record to chart.

Financing ladder & sequence gaps

No staged rounds to sequence.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
Rounds on file
How it compares to the market

Benchmarked against 8525 companies in this sector. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)
This company
Sector median$1.3M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$14.6M

Raised more than 96% of sector peers (real $). Modeled value above 96% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
No rounds recorded.
Intelligence
Modeled next raise
Modeled next size est.
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Milliray is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
GB
Jurisdiction
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Guardian RF
Drone detection for US defense and national security
Public Safety & Security77%
Arlo Industries
Track drones and missiles without radars - Accurate, Passive, Scalable
Defense76%
Radar USA Inc.Other TechnologySeed$31.2M76%
DroneShield LtdRoboticsSeries B$2.4M76%
Ornadyne
We're building robot birds for surveillance.
Defense75%
Radar Relay, LLCOther TechnologySeed$52.8M74%
HyLight
Small unmanned hydrogen airships for long range monitoring
Robotics74%
Paladin Drones Inc.RoboticsSeries B$77.1M73%
Frequently asked
What does Milliray do and where is it based?
Milliray is a private company, based in London, United Kingdom. Technology to detect and track small drones
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