Well, we’re running with a bit of a theme today. Can someone let us know why everyone is raising pretty much the exact same amount of money on the exact same day? Yesterday, German interceptor hotshot TYTAN announced that it’s raised a €30M Series A led by Armira and NATO Innovation Fund (NIF), with support […]
Say it louder for the people in the back: Welcome to the golden era of defense tech’s picks and shovels. This morning, Chariot Defense—which builds new-age power systems for, well, defense—announced that they’ve raised a $34M Series A led by Andreesen Horowitz (a16z), with participation from DCVC, LMNT, Marlinspike, Overmatch, Shield Capital, Ensemble, and Trenches […]
Move over, drones. This week is all about the science fiction-y stuff (well, at least for now). Yesterday, connectivity company (and Google spinout) Aalyria announced that it’s raised a $100M Series B at a whopping $1.3B valuation led by Battery Ventures and J2 Ventures, with participation from DYNE and others. Aalyria CEO Chris Taylor told […]
Our friends in Europe are having quite the start to the week. In case you missed it: On Friday, leaders of the European Group of Five (E5)—Europe’s five biggest defense powers—announced from Krakow that they’re banding together to beef up low-cost air defense. The new “multi-million euro” project—known as the Low-Cost Effectors & Autonomous Platforms’ […]
We’re back to the nuts and bolts, baby. Yesterday, Code Metal, a “code [translator] for mission critical industries” (we’ll explain, dw) announced that it’s raised a $125M Series B led by Salesforce Ventures with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others. This latest round brings the […]
Everyone’s favorite neoprime is back—and this time with some explosive news (bada-bing!). This morning, Anduril announced that it has received $43.7M in Defense Production Act Title III funding to expand solid rocket motor (SRM) production in the US. The company says the funding will be used to “increase the efficiency and resiliency of [Anduril’s SRM […]
If you thought the unmanned surface vessel world couldn’t get any more crowded, well, think again. This morning, Accelint announced in an exclusive release to Tectonic that its new MV-20 surface vessel has set out on a 600+ mile-long long-endurance mission in the Gulf of Mexico to prove “endurance, navigation, and integrated payload performance under […]
Watch out, world: The LA boys are teaming up. Yesterday, Mach Industries and new-age manufacturing giant Divergent announced that they’ve teamed up to build a drone called Venom, a “prototype flight demonstration aircraft showing hardware development at software speed,” according to a statement put out by the two companies. And they’re not messing around when […]
Well, the European drone dudes certainly aren’t messing around at the Munich Security Conference. Yesterday, German drone giant Quantum Systems (QS) announced that it’s secured €150M ($178M) in financing backed by the European Investment Bank (EIB), Commerzbank, KfW, and Deutsche Bank. The company says the money will be used to “support the company’s continued growth […]
The great American leap across the pond continues. This morning, autonomy giant (and dual-use stan) Applied Intuition announced that it has officially been awarded a UK Ministry of Defence (MoD) Defence and Science Technology Laboratory (DSTL) to “deliver a complete autonomy test bed for ground-launched, near-surface drone swarms.” Applied will lead a consortium of companies—Rowden […]
