Milrem - About the company
Milrem is a funded company based in Tallinn (Estonia), founded in 2013. It operates as a Developer of multipurpose tracked UGV. Milrem has raised an undisclosed amount in funding. The company has 453 active competitors, including 115 funded and 40 that have exited. Its top competitors include companies like Knightscope, Nanotech Energy and Newlight Technologies.
Company Details
Milworks is the developer of multipurpose tracked UGV specifically designed for use in the defense sector. The UGV is adapted as a universal platform for any application from communication relay to medevac, lifting platform to fire-fighting. The product uses Graphene-based ultracapacitors from Skeleton Technologies for longer battery life.
- Website
- Social
- Email ID
- @milrem.ee
- Phone Number
- +372
- Part Of
- milworks.ee
Legal entities associated with Milrem
Milrem is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
$20.6M (as on Dec 31, 2023) | 266 (as on Sep 30, 2024) |
Milrem's funding and investors
Milrem has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Dec 01, 2020 for $6.32M. 1 investor participated in its latest round, which include and CACEIS.
Milrem has 2 institutional investors including and .
Here is the list of recent funding rounds of Milrem:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Dec 01, 2020 | $6.32M | Grant (prize money) | 2070596 | 6009837 |
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Milrem's founders and board of directors
Milrem's employee count trend
Milrem has 266 employees as of Sep 24. The total employee count is 43.0% more than what it was in Sep 23. Here is Milrem's employee count trend over the years:
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Milrem's Competitors and alternates
Top competitors of Milrem include Knightscope, Nanotech Energy and Newlight Technologies. Here is the list of Top 10 competitors of Milrem, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Knightscope 2013, Sunnyvale (United States), Public | Developer of cloud and AI-based robotic patrolling systems | $47.4M | B. Riley Financial, SVB听&补尘辫;听 | 68/100 |
2nd | Nanotech Energy 2014, Los Angeles (United States), Series D | Manufacturer of graphene and conductive inks | $95.6M | 59/100 | |
3rd |  Newlight Technologies 2003, Huntington Beach (United States), Series F | Provider of sustainable material using methane-based greenhouse gases | $220M | TPG, GRAYARCH PARTNERS听&补尘辫;听 | 57/100 |
4th |  EF Polymer 2018, Udaipur (India), Series B | Manufacturer of organic super-absorbent hydrogel for sustainable agriculture | $11.1M | Village Capital, Beyond Next Ventures听&补尘辫;听 | 56/100 |
5th | Directa Plus 2005, Lomazzo (Italy), Public | Manufacturer of graphene nanostructures | $6.06M | M|C Partners, 听&补尘辫;听 | 55/100 |
6th |  Zerocircle 2020, Pune (India), Seed | Developer of seaweed-based bio-alternatives for packaging and coatings. It offers sustainable alternatives to plastic-based products, utilizing seaweed as a regenerative resource. These alternatives include films, coatings, and paper, all fully biodegradable and offering comparable or superior performance characteristics. The company focuses on providing solutions for conscious brands seeking fossil-free options. Its products are designed to create perfectly circular solutions with zero waste. | $4.35M | Peak XV Partners, ACT Grants听&补尘辫;听 | 55/100 |
7th | Haydale 2010, Swansea (United Kingdom), Public | Provider of graphene, carbon nanotubes and graphene-infused 3D printing filament | - | 54/100 | |
8th |  Notpla 2014, London (United Kingdom), Series A | Manufacturer of seaweed-based bioplastics | $47.3M | , Horizons Ventures听&补尘辫;听 | 53/100 |
9th | Developer of multipurpose tracked UGV | - | , CACEIS | 53/100 | |
10th | Manufacturer of fiber-based specialty materials | - | Bain Capital Private Equity, Taaleri听&补尘辫;听 | 53/100 |
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Milrem's Investments and acquisitions
Milrem has made no investments or acquisitions yet.
Reports related to Milrem
Here is the latest report on Milrem's sector:
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News related to Milrem
Media has covered Milrem for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Asia Pacific Defence Reporter鈥�Feb 23, 2025鈥�Milrem,
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DefPost鈥�Apr 09, 2020鈥�Milrem
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DefPost鈥�Apr 13, 2019鈥�Milrem
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Trade Arabia鈥�Sep 14, 2017鈥�Milrem
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Business Wire鈥�Jun 12, 2017鈥�Milrem
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