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Investment

Path Robotics Raises $300M, Quadrupling Valuation to $2.45B

Looks like the whole reindustrialize wave ain’t over just yet.  Path Robotics, an Ohio-based robotic welding and physical AI startup, raised $300M in Series E funding led by Canadian VC giant Georgian, quadrupling its post-money valuation to $2.45B and bringing its total cash raised to a cool $610M.  As with the rest of the defense […]

Investment

Nominal Raises $240M at a $3B Valuation

Sheesh. This week kind of feels like going back to school combined with winning the lottery combined with the early days of the defense tech hype train. And it’s only Tuesday. Yesterday, hardware testing giant Nominal announced that it’s raised a $240M Series C at a $3B valuation led by Lightspeed Venture Partners (and co-led […]

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Q + A

A Q&A with Alex Fink, US CEO of Swarmer

In case you missed it, the infamous Erik Prince and Swarmer’s US CEO Alex Fink are betting on “air defense as a service”—and now they’re putting numbers behind their pitch.  This week—just a month after launch—Vectus Air Defense Systems (not to be confused with Prince’s Vectus Global private military and security company) announced plans to […]

Q + A

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, […]