Turns out an old dog can, in fact, learn new tricks. Yesterday, mom-and-pop shop Lockheed Martin announced that it’s boosting its venture fund (aptly named Lockheed Martin Ventures) from $400M to a cool $1B, marking “the largest boost in investment since the fund was established in 2007.” The prime says it will use the funds […]
Well, it looks like the Pentagon might finally be well and truly getting on the AI bandwagon. This morning, AI-for-defense startup Striveworks announced in an exclusive release to Tectonic that they’ve scored a $70M multi-year enterprise agreement (EA) with the DoD (through the US Army) to deploy their flagship Chariot Core software across the Department. […]
Well, the Nordics are making some money moves, aren’t they? This morning, Danish sensor startup Sapient Perception announced in an exclusive interview with Tectonic that they’ve raised a €2M ($2.4M) pre-seed round co-led by Balnord and FORWARD.one. The company says it will use the money to “accelerate development of the company’s software-defined cameras and AI […]
It’s a rare week when we write about more contracts than we do investments, but here we are. This morning, space and defense giant Redwire ($RDW) announced in an exclusive release to Tectonic that it’s been awarded $20M in follow-on orders from the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office (PMA-263) […]
Lock in, kids. It’s time for a dose of the super-scary, invisible threats we all know and love. This morning, Ginkgo Biosecurity—the biosecurity arm of Ginkgo Bioworks—officially spun out from its Boston-based parent company as Perimeter. The new firm—led by founder and CEO Matt McKnight—has already secured a cool $60M in growth capital from Kanders […]
Dare we say it seems like the Pentagon might actually be getting with the El Segundo vibe? This morning, LA-based CX2 announced in an exclusive release to Tectonic that its Wraith “airborne EW system” (drone) and another yet-to-be-announced product have been selected for Design Reference Mission 3 (DRM3) under the Defense Innovation Unit’s Project G.I. […]
Interceptors really are so hot right now. This morning at the London Defense Conference, UK Secretary of State for Defense John Healey announced that the MoD will buy “hundreds” of Skyhammer interceptors from startup Cambridge Aerospace as part of a “multi-million-pound” contract. The deal covers “integration, technical support, and end user training,” and the company […]
Those Ukrainian defense tech companies we have been going on and on about are certainly having a moment. On Tuesday, Croatian drone hotshot Orqa FPV announced that it’s inked a “memorandum of cooperation” with Ukrainian interceptor wunderkind General Cherry to bring the latter’s tech to Europe and NATO. The two companies plan to start co-producing […]
Well, if you thought that the LA defense tech scene couldn’t get any hotter, think again. Yesterday, super-ultra-fast aircraft company Hermeus announced that they’ve raised a cool $350M Series C at a $1B valuation and that they’re building a big ol’ HQ in El Segundo. The round was led by Khosla Ventures, with continued support […]
Well, the dronemakers are certainly stepping up their game. This morning, Huntsville-based Cummings Aerospace announced that they’ve successfully completed arena testing for an anti-armor warhead for their three-foot-long Hellhound S3 drone. Cummings founder and CEO Sheila Cummings told Tectonic that the warhead-equipped drone was able to blast through several sheets of steel—mimicking a tank or […]
