Latest Stories
Exclusive: New North Ventures Closes Fund II
When defense tech is hot, it’s hot. This morning, dual-use defense- and security-focused VC fund New North Ventures announced exclusively to Tectonic the first close of its second fund. It’s raised $45M in anchor funding (with a target of $80M and room to grow to $100M) through the DoD and SBA’s Small Business Investment Company […]
Firestorm Eyes Manufacturing with $47M Series A
Well, turns out Firestorm Labs is printing a lot more than drones. On Wednesday, the San Diego-based manufacturing and drone company announced it has raised a $47M Series A led by New Enterprise Associates (NEA), with participation from Lockheed Martin Ventures, Decisive Point, Washington Harbour Partners, Booz Allen Ventures, and others. The company says it […]
Epirus Secures $43.5M from Army RCCTO
After Defense Secretary Pete Hegseth’s UAS memo last week, we said small drones are having a moment. As it turns out, there’s just as much interest in the tech that takes them down. This morning, California-based cUAS maker Epirus announced it’s won a $43.5M contract from the US Army’s Rapid Capabilities and Critical Technologies Office […]
Gecko Enters the Shipyard
Less than a month after raising $125M and hitting unicorn status, Gecko Robotics has notched another win—or two. On Tuesday, the Pittsburgh-based AI and robotics company announced a partnership with BPMI, the prime for the Naval Nuclear Propulsion Program (NNPP), to take its wall-crawling robots into the shipyard. As if that wasn’t enough, they followed […]
A Q+A with Pete Newell, CEO of BMNT and Co-founder of Hacking for Defense
Ten years ago, when Pete Newell, Steve Blank, and Joe Felter launched the Hacking for Defense (H4D) course at Stanford, “defense” was still a dirty word in Silicon Valley. Investors were reluctant to put their money into defense tech, engineers were uninterested in the military, and tech companies kept their distance from the DoD. As […]
A Q+A with Anduril’s President and CBO, Matthew Steckman
If you read this newsletter regularly, you’ll know that Anduril has had a hell of a year. In January, the company announced that it’s building a massive, cutting-edge production facility called Arsenal-1, and has since secured major DoD contracts for everything from cUAS, to an Integrated Visual Augmentation System (IVAS), to rocket motors. And that’s […]
The Godfather of Defense Innovation: A Q+A with Steve Blank
Chances are, if you’re interested in innovation, you’ve heard of Steve Blank. The entrepreneur, educator, and founding member of the Gordian Knot Center at Stanford University is a legend: he has built company after successful company and helped to develop the “Lean Startup” methodology based on his decades in Silicon Valley. If you’ve ever been […]
Q+A with Raj Shah, Managing Partner at Shield Capital
When Raj Shah was tapped to launch the experimental Defense Innovation Unit (DIUx) in 2016, he could barely secure a budget. Raj was a former F-16 pilot and Wharton graduate. He knew that the kind of innovation that drove Silicon Valley could help close the yawning gaps he saw in US capabilities. But the rest […]
