When was TERMA founded?

TERMA was founded in 1944 and raised its 1st funding round 72 years after it was founded.

Where is TERMA located?

TERMA is headquartered in Lystrup, Denmark. It is registered at 1, Fabrikvej, Grenaa, 8500.

Who is the current CEO of TERMA?

Henriette Hallberg Thygesen of TERMA.

Which legal entities is TERMA associated with?

TERMA is associated with Terma A/s and 1 other.

How many employees does TERMA have?

As of Sep 30, 2026, the latest employee count at TERMA is 2139.

Is TERMA a funded company?

TERMA is a funded company, having raised a total of $115M across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2016.

When was the latest funding round of TERMA?

TERMA's latest funding was a $***** Series D round on Jun 19, 2024, with participation from 1 investor.

What is the annual revenue of TERMA?

Annual revenue of TERMA is between $100M and $500M as on Feb 28, 2025

Where does TERMA rank among its competitors?

TERMA ranks 8th amongst 731 active competitors, of which 13 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was SASMOS, which secured $39.1M in Aug, 2025.

Who are the top competitors of TERMA?

TERMA's top competitors include Paras Defence & Space Technologies, Moog and Leidos. Among them, SASMOS secured the most recent funding round in August, 2025.

TERMA - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Develops and manufactures mission-critical products and solutions. The company manufactures solutions across security & surveillance, self-protection systems for aircraft, aerostructures for defense & aerospace, space electronics, and command systems. It focuses on research & development, particularly in artificial intelligence, cybersecurity, and drone technologies.

Website: www.terma.com
Social
Email ID: *****@terma.com, *****@terma.com
Phone Number: +45 **********
Registered Address: 1, Fabrikvej, Grenaa, 8500

Key Metrics

Founded Year

1944

Location

Lystrup, Denmark

Stage

Series D

Total Funding

$115M in 6 rounds

Latest Funding Round

Series D, Jun 19, 2024, $*****

Investors

ATP & 1 more

Ranked

8^th among 731 active competitors

Annual Revenue

$100M - $500M as on Feb 28, 2025

Employee Count

2,139 as on Sep 30, 2026

Investment & Acquisitions

Dencrypt & 1 more

Similar Companies

Paras Defence & Space Technologies & 654 more

View TERMA's full profile

TERMA is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TERMA AEROSTRUCTURES A/S CIN: 35236252 , Denmark, Active	Apr 29, 2013	$100M - $500M (As on Feb 28, 2023)	532 (As on Feb 28, 2023)
Terma A/s CIN: 41881828 , Denmark, Active		$100M - $500M (As on Feb 28, 2025)	1599 (As on Feb 28, 2023)

TERMA has raised a total funding of $115M over 6 rounds. Its first funding round was on Jan 01, 2016. Its latest funding round was a Series D round on Jun 19, 2024 for $*****. 1 investor participated in its latest round. TERMA has 2 institutional investors.

Here is the list of recent funding rounds of TERMA:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 19, 2024	3414092	Series D	4703056	9173589	6214804	9187703
Dec 01, 2022	9212983	Grant (prize money)	6571069	1037415	8147722	Europa
Dec 01, 2021	3824869	Grant (prize money)	4383146	9961048	9635673	Europa

Access funding benchmarks and valuations. Sign up today!

View details of TERMA's funding rounds and investors

Here are the details of TERMA's key team members:

Henriette Hallberg Thygesen: CEO of TERMA. They serve on the board of 1 company.

TERMA's Board of Directors

TERMA's board has 3 active members. Henriette Hallberg Thygesen and Per Thiesen are part of team and Michael Lynenskjold is independent board member.

Here is the list of TERMA's board of directors:

Name	Type	Representing	Status	Duration
lfokmvs	Team	-	Current	9y 2m
mclsmn{	Team	-	Current	7y 5m
Michael Lynenskjold	Independent board member	-	Current	9y 3m

View details of TERMA's Founder profiles and Board Members

TERMA's employee count trend

TERMA has 2,139 employees as of Sep 26. Here is TERMA's employee count trend over the years:

Uncover TERMA's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of TERMA include Paras Defence & Space Technologies, Moog and Leidos. Here is the list of Top 10 competitors of TERMA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paras Defence & Space Technologies 1972, Navi Mumbai (India), Public	Company offering wide range of defence products & solutions	$4.57M	Pooja Unichem, Paras Gate India & 38 others	73/100
2nd	Moog 1951, East Aurora (United States), Acquired	Manufacturer of motion control products and systems for multiple industries	$12M	Paladin Capital, Cisco Investments & 3 others	68/100
3rd	Leidos 1969, United States, Acquired	Provider of healthcare IT solutions and defence components services	-	Herald Investment Management, Hall Capital Partners ... & 6 others	65/100
4th	Data Patterns 1985, Chennai (India), Public	Provider of mission‑critical embedded electronic systems and sensor‑centric solutions	-	SIDBI Venture Capital, Yali Capital & 1 others	62/100
5th	SASMOS 2007, Bengaluru (India), Series A	-	$40.5M	A91 Partners, Ranegroup & 4 others	61/100
6th	Mistral Solutions 1997, Bengaluru (India), Acquired	Product engineering services & homeland security solutions.	$9.5M	eTec, JAFCO Asia & 4 others	60/100
7th	Rangsons Aerospace 2011, Mysuru (India), Early Stage	Company specializes in developing aerospace and defense solutions by integrating technology, engineering, and manufacturing expertise	$34.4M	ValueQuest, Earth & Beyond Ventures & 7 others	58/100
8th	TERMA 1944, Lystrup (Denmark), Series D	Develops and manufactures mission-critical products and solutions	$115M	ATP, Europa	57/100
9th	Babcock International Group 1891, London (United Kingdom), Public	Global defence engineering provider supporting military, nuclear, marine, aviation sectors	-	Kestrel Capital & 1 others	57/100
10th	BEL 1954, Bengaluru (India), Public	Manufacturer of electronic products for the armed forces	-	-	56/100