PiggyGPT

Private companiesCovered

Harmattan AI

Paris, France · Founded 2024

Harmattan AI builds the Sonora short-range ISR drone, the Gobi interceptor, the Irifi deep-strike drone, the NAMIB electronic warfare payload and the Kalahari command-and-control software, sold to France’s DGA and the UK Ministry of Defence.

Profile

What it builds and who buys it

  • ·A NATO government the release does not name awarded Harmattan a multi-million-dollar contract in July 2025 for AI-enabled small drones, for delivery in mid-October.Harmattan AI (company release), Jul 3, 2025
  • ·Harmattan signed its first Program of Record with France’s DGA in June 2025 and delivered 1,000 Sonora units within six months. After the Orion 2026 exercise, the DGA renewed it with an order for 5,000 more.Harmattan AI (company release), Jun 23, 2026
  • ·A manufacturing site in the Paris region has a production capacity of 10,000 units a month, by the company’s account.Harmattan AI (company release), Jun 23, 2026
  • ·The UK Ministry of Defence leads a multi-million program under which Harmattan will deliver up to 3,000 uncrewed aerial systems.Harmattan AI (company release), Sep 10, 2025
  • ·The British Army is receiving 110 Sonora drones, for training, from a partnership between Brigantes Consulting of Exeter and Harmattan, within a £16 million deal for more than 1,025 small drones.UK Ministry of Defence (GOV.UK), Sep 16, 2026
  • ·Irifi, unveiled in October 2026, is a deep-strike drone with a range of up to 2,000 km, a mobile canisterized launcher and navigation that does not rely on GNSS. Targets are confirmed by a human.Harmattan AI (company release), Oct 6, 2026
  • ·Morocco signed a letter of intent on October 7, 2026 to develop Irifi as a Moroccan system through Harmattan AI Morocco, with no value, quantity or schedule given. DroneXL noted that no Irifi flight test had been published.DroneXL, Oct 12, 2026
  • ·Morocco’s Royal Armed Forces signed a strategic partnership in June 2026 under which Harmattan will set up manufacturing and an AI research and development centre in Morocco.Harmattan AI (company release), Jun 17, 2026
  • ·NAMIB, an electronic warfare payload developed with Dassault Aviation, geolocated a radar several dozen kilometres away in a July 2026 flight and passed its position to a Rafale F4.Harmattan AI (company release), Jul 13, 2026
  • ·Harmattan partnered with Skyeton in October 2025 to integrate its sensors into Skyeton’s Raybird drone, with European assembly, for French and other NATO markets.Harmattan AI (company release), Oct 2, 2025
  • ·Harmattan had more than 130 employees in January 2026 and had hired executives from companies including Safran and Isar Aerospace, by its account to Defense News.Defense News, Jan 12, 2026

Founders and leadership

  • Mouad M’GhariCo-founder and chief executive

    Born in Rabat in 2000, he studied at École polytechnique and École normale supérieure and took a master’s at MIT. Challenges ranked his and Martin de Gourcuff’s holdings 339th among France’s 500 largest professional fortunes in 2026.Bladi.net, Aug 4, 2026

  • Martin de GourcuffCo-founder and chief technology officer

    Named co-founder and CTO by TechCrunch. No further background is on file.TechCrunch, Jan 12, 2026

  • Marc GreletCo-founder

    Named as a co-founder by Resilience Media. No further background is on file.Resilience Media, Jan 12, 2026

  • Edouard RossetCo-founder

    Named as a co-founder by Resilience Media. No further background is on file.Resilience Media, Jan 12, 2026

Prospects, after the January 2026 round

Prepared by PiggyGPT, as of Oct 15, 2026

  • ·France is the anchor customer. The DGA took 1,000 Sonora units in the first program and ordered 5,000 more in June 2026. The UK program covers up to 3,000 systems, and Morocco has a partnership and an Irifi letter of intent with no value.Harmattan AI (company release), Jun 23, 2026
  • ·No revenue figure is on file.
  • ·The capital path is short and strategic. A $200 million Series B led by Dassault Aviation in January 2026 followed $42 million in seed and Series A funding, at a reported $1.4 billion valuation.TechCrunch, Jan 12, 2026
  • ·The risks on file are scale and proof. The documented deliveries are short-range drones, and Irifi, a different class of weapon, had no published flight test when Morocco signed for it. The 10,000-a-month capacity is the company’s own figure.DroneXL, Oct 12, 2026
  • ·For the acquisition read, the one tie to a prime is Dassault Aviation, which led the Series B and co-develops NAMIB. No talks or approach are reported. The posture is watch.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$1.4B

Post-money, Series B, reportedTechCrunch, Jan 12, 2026

Last round or tender

$200Mraised

Series BHarmattan AI (company release), Jan 12, 2026

Led by Dassault Aviation as part of a strategic partnership. CFNews names Bpifrance and Future French Champions in the round, and Motier Ventures said it reinvested, as Defense News reported. TechCrunch put the valuation at $1.4 billion; Defense News reported the round as €200 million at €1.4 billion, and CFNews gave the founder’s figure as about $1.4 billion (€1.2 billion). Harmattan had raised $42 million before it, in a seed round led by Atlantic and a Series A led by FirstMark, by TechCrunch’s account; CFNews put the FirstMark round at nearly $30 million (€25.68 million) with W Ventures and Kima Ventures. Neither earlier round has a cited date, so neither has a row. Bloomberg reported in August 2025 that the company was seeking $200 million.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Jan 12, 2026Series BLed by Dassault Aviation as part of a strategic partnership. CFNews names Bpifrance and Future French Champions in the round, and Motier Ventures said it reinvested, as Defense News reported. TechCrunch put the valuation at $1.4 billion; Defense News reported the round as €200 million at €1.4 billion, and CFNews gave the founder’s figure as about $1.4 billion (€1.2 billion). Harmattan had raised $42 million before it, in a seed round led by Atlantic and a Series A led by FirstMark, by TechCrunch’s account; CFNews put the FirstMark round at nearly $30 million (€25.68 million) with W Ventures and Kima Ventures. Neither earlier round has a cited date, so neither has a row. Bloomberg reported in August 2025 that the company was seeking $200 million.$200M$1.40Breported

Primary capital across the rounds on file: $200M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice; the page says MarketPrice estimates are for Caplight users and shows only Caplight’s last-round figures, a $1.4 billion estimated valuation and $242 million raised.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Watch

A cited tie to a plausible buyer: a strategic partner, an investor stake, a tender offer, a stated appetite. Nothing reported.

Prepared by PiggyGPT, as of Oct 15, 2026

Signals

  • Sep 30, 2025Sifted reported that Harmattan was in discussions with Insight Partners and Dassault for a round seeking a $1 billion valuation, as DroneXL relayed; the round had not closed.DroneXL, Sep 30, 2025
  • Jan 12, 2026Dassault Aviation led Harmattan’s $200 million Series B under a strategic partnership for Harmattan to develop embedded AI for Dassault’s future air combat systems, the Rafale F5 and UCAS, in particular to control unmanned aircraft.Harmattan AI (company release), Jan 12, 2026
  • Jul 13, 2026Dassault Aviation and Harmattan flew a Rafale F4 with a drone carrying NAMIB, an electronic warfare payload the two developed jointly from January 2026 under their partnership.Harmattan AI (company release), Jul 13, 2026

Named counterparties

  • Dassault AviationLed the January 2026 Series B and co-develops the NAMIB payload with Harmattan under a strategic partnership. The size of its stake was not disclosed, and no interest in a deal has been reported.Harmattan AI (company release), Jan 12, 2026

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 15, 2026