Latest Stories
Scale AI CDAO Contract Upgraded to $500M
Well, if anyone thought the software hype era was over, think again. In case you missed it, on Wednesday, the Pentagon’s Chief Digital and Artificial Intelligence Office (CDAO) increased its enterprise agreement with AI integration and training giant Scale AI from $100M to $500M, supporting “the Department’s strategic imperative to accelerate the adoption of data, […]
Swedish TNT Startup SWEBAL Raises €30M
Defense tech isn’t all drone swarms and software. Sometimes the basic, unsexy stuff is the most important, especially when you live on the doorstep of Europe’s largest land war since WWII. Yesterday, SWEBAL, a Swedish startup founded by a fintech entrepreneur (totally normal career path), announced that it raised €30M to change the way Europe […]
Darkhive Secures $30M in Series B Funding
Another day, another defense tech funding round. Yesterday, Darkhive announced that it’s raised $30M in a Series B funding round led by RTX Ventures to deliver on the $49.7M APFIT contract—the program’s highest single award to date—that the San Antonio-based startup won in December and went public with in March. Hive hype: Founded in 2021, […]
Exclusive: The Army Turns Petrel’s Group 3 Drone Into an FPV Mothership
The Army, to put it simply, is pretty into its drones these days. They’re so into drones that they’re even testing out big drones that launch small ones. During recent live-fire exercises down at the Joint Readiness Training Center (JRTC) in Fort Polk, Louisiana, the Army’s 101st Airborne Division turned Petrel Technologies’ Group 3 UAS, […]
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 […]
