Latest Stories
Ukraine to Buy 100 Rafale Fighters from France
Again, we’re not saying that money moves are happening across Europe because of the Tectonic European Defense Summit…but the signs are there. This morning, Ukraine signed what Emmanuel Macron called a “historic” letter of intent with the French government to buy 100 Dassault-made Rafale fighter jets, along with eight SAMP/T air defense systems and Aster-30 […]
The Pentagon’s $9B Shutdown Spending Spree
Despite the government being shut down for 43 days—the longest in US history—the Pentagon was certainly open for business. After the House struck a deal and President Trump signed a continuing resolution to keep the government open through January last week, the DoD’s workforce returned to their desks to announce nearly $9B in new contracts […]
CHAOS Industries Raises $510M at a $4.5B Valuation
We’re not saying crazy cash is flying around the defense tech world because of our summit, but we’re not not saying it. Yesterday, “domain dominance” defense startup and 8VC darling CHAOS Industries announced that it’s raised $510M in new funding at a $4.5B valuation, led by Valor Equity Partners (friends of Mr. Musk and early […]
Anduril’s Big Week
It’s been (another) busy, busy week in defense tech, especially for everyone’s favorite globetrotting neo-prime. Over the past few days, Anduril has announced a new autonomous air vehicle (AAV) called Omen, its selection for the Army’s Integrated Battle Command System Maneuver (IBCS-M) program, a partnership with Hyundai Heavy Industries on autonomous surface vessels (ASVs), and […]
A Q+A with Alex Ferrara, Partner at Bessemer Venture Partners
If there is one fund that knows how to deploy big-time cash into tech companies, it’s Bessemer Venture Partners. The Silicon Valley fund has about $19B under management, and has invested in tech giants from LinkedIn (everyone’s fav) to Shopify. This year, the fund has turned to defense—specifically, European defense. They led Auterion’s $130M Series […]
A Q+A with Arthur Herman and John Burer
If you’ve been in DC anytime in the past few years, you will have heard of Arthur Herman. In case you’re unfamiliar (nerd!), he wrote Freedom’s Forge back in 2012, which has shaped a lot of the First Breakfast-type reindustrialization conversations we’ve been having lately. Sparknotes: The book (if you haven’t read it or have […]
A Q+A with Enrique Oti, CSO at Second Front Systems
Personally, we would give a lot to be a fly on the wall in the early days of the Defense Innovation Unit (RIP Unit X). Luckily, we know a guy who was there. Enrique Oti—apparently referred to intermittently as “Software Jesus of the Air Force”—was one of the co-founders of DIU, and for much of […]
A Q+A with Mal Crease, CEO of Kraken
Some people like to take things slow. Other people—like Mal Crease—prefer everything at full throttle. The founder and CEO of USV company Kraken Technology came into defense from high-speed boat racing in 2020, and has brought the same obsession with speed and performance that once helped him break world records to the world of unmanned […]
