Castelion Raises $1B Series C
The round values Castelion at $13B. Yes, with a B.
The crazy kids over at Valinor have rolled out yet another new product, and this time, they’re quite literally saving lives. Yesterday, the new-age defense tech holding company unveiled a new product they are calling HarborPOD—a “UXV-agnostic payload built for unmanned CASEVAC and logistics resupply.” “With the proliferation of unmanned vehicles and the limited number […]
Well, sounds like at least one service is getting serious about the whole distributed and contested logistics side of things. Yesterday, heavy-lift drone company Elroy Air announced that it’s won a $46M multi-year contract with the US Army for “the development of an autonomous hybrid-electric vertical take-off and landing (VTOL) uncrewed aircraft system for modular […]
Just as we’re starting to gear up for the Tectonic European Defense Summit this winter (teaser, hehe), it looks like everyone and their mom is making bets on the Old Continent. This morning, USV giant Saildrone announced that they’re officially expanding their presence in Europe with a new, larger Copenhagen office and production in the […]
Maybe the AI bubble isn’t popping just yet—at least not here in defense tech land.
The award comes just a few weeks after NODA won a $10M contract to develop and integrate its orchestration system with LUCAS.
Critical minerals really are so hot right now. Yesterday, AI-and-autonomy-for-critical-minerals-processing startup Riven emerged from stealth with a cool $7.9 pre-seed led by Cerberus Ventures, with participation from Scout Ventures, Alumni Ventures, Lightscape Partners, CLAI, and New System Ventures. The company says it will use the funding to majorly scale up the team and build out […]
Big day for the backend side of defense. This morning, software-for-defense hotshot Code Metal announced that it’s won a $80M OTA to “advance WarMatrix, the AI-enabled modeling and simulation platform Code Metal built in partnership with the U.S. Air Force.” “We’re really excited,” Code Metal CEO and co-founder Peter Morales told Tectonic. “The work that […]
We spend a whole lot of time around here talking about super-high-tech hardware (the go boom and zoom of it all), but we don’t spend a whole lot of time talking about how companies design that kit. That changes today. This morning, LA-based generative design startup VXB announced (exclusively to Tectonic) an upgrade to its […]
Welp, they’ve gone and done it again. This morning, precision munitions startup Heaviside announced that it’s raised a $60M Series B at a $600M valuation just three months after emerging from stealth with a $28M Series A. The company is also teaming up with Norwegian munitions giant Nammo—the firm will provide the warhead for Heaviside’s […]