If anyone thought the hype for maritime would fade, what with the whole “potential extended ground war in Iran” thing, think again. This morning, autonomous maritime giant Saronic announced that it’s raised a $1.75B Series D—yes, billion with a “B”—at a $9.25B post-money valuation. Again, yes, that’s all with a “B”. The round was led […]
Look out, world. The Eastern Europeans are (formally) teaming up. On Friday, Estonian interceptor hotshot Frankenburg Technologies announced that it’s officially inked a production partnership with Poland’s state-owned defense company—Polska Grupa Zbrojeniowa (PGZ)—to produce its air defense systems in Poland. “Lessons learned from the war in Ukraine clearly demonstrate that attacks carried out by dangerous […]
In case you missed it amidst the, like, ten thousand mega-raises in the past few days, it’s been quite the week for a certain Alabama-based drone company. On Wednesday, Huntsville-based Performance Drone Works announced that it’s raised a cool $110M+ Series B led by Ondas with participation from Hood River, Cedar Pine, Hanwha Asset Management’s […]
Big week for the nuts and bolts side of defense. Yesterday, Sift—an El Segundo-based startup building the data infrastructure layer for autonomous machines—announced that it’s raised a $42M Series B led by StepStone with participation from GV (Google Ventures), Riot Ventures, Fika Ventures, and CIV. The company says it’ll use the new cash money to […]
If anyone thought the collective spending spree on defense tech was coming to an end any time soon, think again. Yesterday, Texas-based VC Overmatch Ventures announced that it’s raised a cool $250M second fund, less than 2 years after raising a debut $70M fund in 2024. Jordan Blashek—GP at Overmatch—told Tectonic that this new pile […]
With all eyes on an autonomous future of flight, it’s easy to forget the human pilots who will remain firmly in the cockpit for the foreseeable future. Luckily, one San Francisco-based company is remaining focused on people, even as we await the rise of the robots. Yesterday, Navi AI—a startup using AI to improve pilot […]
For this morning’s exercise, we want you to take everything you’ve ever known about the way a drone looks or acts and throw it out the window. This morning, contested logistics startup Enigma emerged from stealth with a $5M Air Force contract and about $2M in VC funding in an exclusive release to Tectonic. The […]
Okay, so when you open Tectonic, you might not expect to be reading about a mobile carrier, but hear us out. Yesterday, “privacy-first” carrier Cape raised a chill $100M led by Bain Capital Ventures and IVP, with participation from new investors including 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital. And here’s why we […]
If you thought the Crow Industries and Parry Labs mash-up was the only collab to come out of the Army’s xTech Overwatch competition, think again. This morning, GPS-free navigation company TERN and AI-powered simulation and planning company Sandtable announced in an exclusive release to Tectonic that they’re teaming up after the exercise to plug Sandtable’s […]
Another day, another IPO. Defense tech is entering the big leagues, baby. Yesterday, flight autonomy hotshot Merlin officially started trading on the Nasdaq as $MRLN after merging with a SPAC called Inflection Point Acquisition Corp. IV and raising about $200M in proceeds. The deal valued Merlin at $800M pre-money. In normal people speak? Merlin just […]
