Latest Stories
ICYMI: Ukraine Lays Out Export Plan for Defense Tech
Well, the moment you’ve all been waiting for is finally here. Late last week, the Ukrainian government officially announced its first mechanism for exporting defense and military technology to partner nations. Under the setup—in the works for nearly two years—the government will maintain pretty tight control over exports, but manufacturers will (at long last) be […]
Ondas Acquires Drone-Maker DZYNE Technologies for $876M
The great defense tech rollup is well underway, and Ondas ($ONDS) is quietly leading the charge. This morning, the drone and counter-drone roll-up announced that it’s acquired California-based drone company DZYNE Technologies for a whopping $875.8M, forming a new business unit with fellow Ondas portfolio company World View (acquired in April) that’ll be focused on […]
Defense Tech Funding is Breaking Records, with $35.6B Invested YTD
If you can believe it, today marks the halfway point of the year, and we’d be the first to tell you that it’s been a pretty wild ride in defense tech so far. As it turns out, the numbers back up our—and, if you’re reading this newsletter, your—excitement. According to Pitchbook data provided to Tectonic, […]
Exclusive: Vermeer Launches Recovery for Lost Drones
You know what sucks? When you’ve got a drone on mission with no (or limited) comms and it gets lost with no satellite data to fall back again. Can be a pretty pricey—or at least deeply annoying—issue. Well, good news is, visual navigation startup Vermeer has come up with a solution. This morning, the company […]
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 […]
