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 […]
Here we were thinking that defense tech’s exit era would look like giant primes buying up smaller startups. Turns out we were wrong—at least for now. Yesterday, electric aviation hotshot (and Anduril BFF) Archer Aviation announced that it would acquire three of Boeing’s autonomous flight subsidiaries—Wisk, SkyGrid and Insitu—giving the prime a 20 percent stake […]
Everyone really is on the non-kinetic-weapon hype train right now, aren’t they? This morning, high-powered-microwave (HPM) giant Epirus announced that they’ve been awarded an $11M contract by the US Marine Corps for the High-power Microwave Autonomous Vehicle Operational Capability (HAVOC) program. Under the contract, Epirus will deliver “its latest high-power microwave (HPM) system for counter-UAS […]
DFJ Growth led the round, with participation from Lux, Accel, Lakestar, Never Lift, Ora Global, and Elad Gil.
The multi-year deal is worth up to a whopping $900M.
So long, unsexy side of defense. The whole supply chain thing is getting sexier and sexier by the day. This morning, a new startup called Atlas Motion emerged from stealth with $11.5M in funding led by Greycroft to build motors and actuators for drones, robotics, and other defense platforms. If you’re sitting there like, okay, […]
Pew, pew baby. It’s time to talk about lasers again. This morning, directed energy weapons startup Aurelius announced that it’s raised a $40M Series A to scale up production of its flagship Archimedes laser c-UAS platform. “We will use this to…expand our capacity to produce systems, build out our team, [and] build out manufacturing and […]
