Latest Stories
Foundation Alloy Raises $22M, Teams Up with Re:Build, Expands to Asia
Well, it’s a big week for metals around here. This morning, advanced metals manufacturing startup Foundation Alloy announced that it’s raised a $22M Series A to “scale production on its MetalsFIRST™ platform—a fully integrated, solid-state metallurgy technology—to industrial volumes.” The round was led by Voyager Ventures, with participation from Trust Ventures, Yamaha Motors, America’s Frontier […]
Mach Industries Wins DIU Contract for Long-Range Strike Drone
Hot off a $300M Series C at a nearly $2B valuation and a $50M acquisition of propulsion system and solid rocket motor-maker Exquadrum, Mach Industries is already making moves to roll out more boomy and zoomy tech. The California-based startup announced this morning that it won a contract for the DIU’s Runway Independent Maritime & […]
ICYMI: SASC Pushes for New Drone Combatant Command
Drone fever is hitting new heights, and if the Senate’s latest version of the National Defense Authorization Act becomes law, the Pentagon will have a brand-new combatant command dedicated to autonomous systems. Last week, the Senate Armed Services Committee voted 18-9 to advance the FY 2027 NDAA, authorizing $1.14T in spending and setting the stage […]
Fabri Announces It’s Raised $13.5M for New-Age Casting
If you didn’t believe us when we said, “Manufacturing is so hot right now,” well, we’re back with more data to prove our point. Yesterday, manufacturing startup and MIT spinout Fabri announced that it’s raised a total of $13.5M in funding since it was founded in 2022 from investors including Lavrock Ventures, Balerion Space Ventures, […]
A Q + A with Matt Cronin, Senior National Security Advisor at a16z
If there is one VC fund you know in the defense tech world, it’s probably Andreesen Horowitz—or a16z, as the cool kids say. The firm—which just raised a casual $15B, including $1.176B for its “national interest” (defense and deep tech) focused American Dynamism fund—has backed some of the biggest names in the game, including Anduril, […]
Q + A: A.J. Bertone, Managing Partner, In-Q-Tel
If you’ve been paying attention to the past year of Tectonic (!!), you’ll recognize a sneaky three-letter acronym that pops up on a lot of defense tech cap tables: IQT. For those lucky enough not to be in the know, that stands for In-Q-Tel, a not-for-profit venture fund backed by the US government and investing […]
A Q+A with Former Secretary of Defense Mark Esper
Mark Esper has spent a whole heck of a lot of time in the defense ecosystem. After a decade in uniform in the US Army, he worked as a congressional staffer, a senior policy aide to Sens. Chuck Hagel and Bill Frist, and a Deputy Assistant Secretary of Defense in the early 2000s. Then, he […]
A Q+A with Alex Ferrara, Partner at Bessemer Venture Partners
If there is one fund that knows how to deploy big-time cash into tech companies, it’s Bessemer Venture Partners. The Silicon Valley fund has about $19B under management, and has invested in tech giants from LinkedIn (everyone’s fav) to Shopify. This year, the fund has turned to defense—specifically, European defense. They led Auterion’s $130M Series […]
