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- Harmattan AI
Harmattan AI Valuation, Funding & Investors
Harmattan AI is valued at $1.4B as of January 2026.
Last Harmattan AI valuation
$1.4B
Series B · Jan 2026
Last Harmattan AI funding round
$200M
Series B · Jan 2026
Cumulative funding Harmattan AI raised
$200M
across 1 funding round
Key investors in Harmattan AI
FirstMark
Dassault Aviation
About Harmattan AI
Harmattan AI is a developer of AI-powered autonomous systems for military and defense, including unmanned vehicles, sensor fusion, mission planning, and simulation tools across land, air, and sea domains.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2G
Revenue model
Product sales
Valuation
$1.4B (Jan 2026)
Harmattan AI Valuation
Harmattan AI is currently valued at $1.4B, based on its Series B in January 2026.
The $200M round was led by Dassault Aviation, with participation from FirstMark.
Harmattan AI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2026 | Series B | $1.4B |
Harmattan AI Funding History
Harmattan AI has raised a total of $200M across 1 funding round.
Harmattan AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series B | Dassault Aviation (lead); FirstMark | $200M | $1.4B | Harmattan AI, a Paris-based defense technology company founded in April 2024, develops vertically integrated autonomous systems including layered air defenses, coordinated surveillance and strike drones, electronic-warfare products, and command-and-control platforms. The company builds low-cost, high-volume autonomous drones with products for training, surveillance, and weapons interception. It has secured programs of record with the French and UK Ministries of Defence, including orders for 1,000 drones from France and 3,000 systems from the UK in a multi-million program, plus a multi-million U.S. dollar contract from a NATO government. On January 12, 2026, Harmattan AI raised a €200 million ($234 million) Series B funding round led by Dassault Aviation, with participation from prior investors including FirstMark, valuing the company at €1.4 billion and creating France’s first defense unicorn. This followed $42 million in early-stage funding from FirstMark, Atlantic VC, Motier Ventures, and Sisyphus Ventures. The investment supports expansion of AI-enabled missions, scaling industrial manufacturing for ISR, drone interception, and electronic warfare platforms, and entry into new operational theaters. The funding accompanies a strategic partnership with Dassault Aviation to integrate Harmattan’s embedded AI into future air combat systems like the Rafale F5 standard and UCAS, focusing on control of unmanned aerial systems and sovereign AI for collaborative air combat. Dassault provides expertise in system architecture, mission integration, and international business development. CEO Mouad M’Ghari highlighted the partnership as a step toward new autonomous defense systems combining frontier AI with military aviation expertise. |
Who has invested in Harmattan AI?
2 investors have backed Harmattan AI across its funding rounds, including FirstMark and Dassault Aviation.
Lead investors include Dassault Aviation.
Harmattan AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialHarmattan AI Competitors
Harmattan AI competitors include listed companies like Xtend AI Robotics and AEVEX, and private ones like Roark Aerospace, Forterra, Heven AeroTech and Allen Control Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $20M | ($27M) | $1.2B | - | ||
| Publicly listed | $433M | $30M | $1.2B | 3.5x | ||
| Private | - | - | $1.8B | - | ||
| Private | - | $82M | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2.2B | - |
Harmattan AI Public Comps
Harmattan AI is still privately-owned, but its public comps include Austal, Beijing Beimo High Tech, Heckler & Koch, Apollo Micro Systems, Eacon Group, Cidi, Lyntris, Electro Optic Systems, Zen Technologies and Jiangxi Guoke Defence Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | ($39M) | 0.9x | 0.9x | (34.9x) | 399.2x | |||
| $137M | $48M | 10.0x | 10.2x | 28.6x | - | |||
| $453M | $71M | 3.2x | - | 20.6x | - | |||
| $94M | $22M | 16.0x | 12.3x | 68.1x | 53.0x | |||
| $214M | ($33M) | 6.6x | - | (42.5x) | - | |||
| $132M | ($155M) | 8.8x | 5.0x | (7.5x) | (22.7x) | |||
| $389M | $47M | 4.7x | - | 39.2x | - | |||
| $91M | ($31M) | 15.9x | 6.7x | (46.1x) | 166.4x | |||
This data is available for Pro users. Sign up to see all Harmattan AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Harmattan AI
| When was Harmattan AI founded? | Harmattan AI was founded in 2024. |
| Where is Harmattan AI headquartered? | Harmattan AI is headquartered in France. |
| Is Harmattan AI publicly listed? | No, Harmattan AI is a private, VC-backed company. |
| What is Harmattan AI's valuation? | Harmattan AI was last valued at $1.4B in its Series B in January 2026. |
| How much funding has Harmattan AI raised? | Harmattan AI has raised $200M across 1 funding round. |
| What was Harmattan AI's last funding round? | Harmattan AI's last funding round was a $200M Series B in January 2026, led by Dassault Aviation. |
| Who are Harmattan AI's investors? | Harmattan AI's investors include FirstMark and Dassault Aviation. |
| Which companies are comparable to Harmattan AI? | Companies comparable to Harmattan AI include Xtend AI Robotics, AEVEX, Roark Aerospace, Forterra, Heven AeroTech and Allen Control Systems. |
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