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Aevex Expands Into Maritime Autonomy with $650M Acquisition of BlackSea
The UAV giant enters the maritime domain
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Recent Stories
Exclusive: VXB Unveils Mega Platform Upgrade
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 […]
Heaviside Raises $60M at a $600M Valuation
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 […]
Neros Plans Production Scale and New Products After $250M Raise
When we said that “a certain El Segundo-based company is doing very well on the whole Drone Dominance Program (DDP) front,” we might’ve undersold it—that certain company is doing very well on all fronts. Yesterday, the FPV phenoms at Neros announced that they raised $250M in a funding round co-led by Sequoia and American Strategic […]
The Pod
Valley of Depth is a podcast about the technologies that matter – and the people building them.
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Big Conversations
A Q + A with Matt Cronin, Senior National Security Advisor at a16z
If there is one VC fund you know in the defense tech world, it’s probably Andreesen Horowitz—or a16z, as the cool kids say. The firm—which just raised a casual $15B, including $1.176B for its “national interest” (defense and deep tech) focused American Dynamism fund—has backed some of the biggest names in the game, including Anduril, […]
Q + A: A.J. Bertone, Managing Partner, In-Q-Tel
If you’ve been paying attention to the past year of Tectonic (!!), you’ll recognize a sneaky three-letter acronym that pops up on a lot of defense tech cap tables: IQT. For those lucky enough not to be in the know, that stands for In-Q-Tel, a not-for-profit venture fund backed by the US government and investing […]
A Q+A with Former Secretary of Defense Mark Esper
Mark Esper has spent a whole heck of a lot of time in the defense ecosystem. After a decade in uniform in the US Army, he worked as a congressional staffer, a senior policy aide to Sens. Chuck Hagel and Bill Frist, and a Deputy Assistant Secretary of Defense in the early 2000s. Then, he […]
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 […]