Well, god damn. When we said the Ukrainians were coming, we didn’t necessarily think it would be directly to the US stock market, but here we are. This morning, Ukrainian UAV software company Swarmer officially IPO’d on the NASDAQ as $SWMR. The company—which builds the software brain that allows drones to operate as a swarm—is […]
Y’all ever have those moments where you read a story, scroll past, do a double-take, and then scroll back like, “F**ck me.” Yeah, this is one of those. On Friday, the US Army announced (in a fairly chill contract roundup) that it’s issued a 10-year contract worth up to $20B—yes, billion with a B—to “consolidate […]
Big day for the unsexy side of defense. On Thursday, military logistics startup Rune Technologies announced that they’ve scored a $2M Direct to Phase II SBIR contract with the US Army in support of the service’s PORTAL (Predict, Optimize, Recommend, and Track for Adaptive Logistics) program. The company says that over the next 18 months, […]
Well, Nominal is certainly having quite the past few weeks. This morning—on the heels of an $80M raise led by Founder’s Fund and an official partnership with Anduril—the Austin-based testing startup announced in an exclusive release to Tectonic that they’re officially teaming up with ground autonomy hotshot Forterra. Nominal CEO Cameron McCord told Tectonic that […]
If anyone thought the defense tech hype train was slowing down, think again. This morning, Austin-based fund Scout Ventures announced that it’s closed a $125M Fund V to invest in tech companies that are building “artificial intelligence, autonomous systems, space infrastructure, cyber, quantum, and advanced power technologies.” The new fund brings total funding raised by […]
Remember on Friday when we said that the Americans were coming? Well, turns out the Europeans are coming, too. This morning, FPV hotshot Orqa announced in an exclusive release to Tectonic that it’s raised a €12.7M ($14.7M) Series A led by Expeditions and signed a teaming agreement with Texas-based Red River Army Depot to expand […]
Welp, the Anduril mafia and Nominal are making things super-extra-official. Yesterday, the testing startup announced that it’s raised a whopping $80M “acceleration round” (their term) led by Founders Fund, valuing the company at $1B. Nominal co-founder Bryce Strauss told Tectonic that the cash money will be used to double the size of their team and […]
The Hacking for Defense Empire is expanding—and this time, to continental Europe. This morning, the Common Mission Project (CMP) announced in an exclusive release to Tectonic that they’re officially launching the Hacking for Defense (H4D) academic program in Germany in partnership with the University of the Bundeswehr (UniBwM). The program—founded by Pete Newell, Steve Blank, […]
If you thought we were done with the partnership news, well, think again. The mash-ups continue, baby. This morning, robotics startup Crow Industries and Parry Labs announced in an exclusive release to Tectonic that they’re teaming up to build Parry’s edge compute and autonomy stack onto Crow’s Fenris UGV. “We were both finalists in the […]
Another day, another pretty lethal-sounding mash-up. Earlier this week, AI-powered machine gun turret startup Allen Control Systems announced that it’s officially teaming up with drone giant Red Cat as part of their Futures Initiative to build their Bullfrog platform onto Red Cat’s unmanned surface vessels (USVs). Who said you can’t teach an old frog new […]
