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Pentagon Takes Stake in Neros with $450M OSC Loan
Between a $250M raise, a $500M IDIQ contract under the US Army’s Purpose-Built Attritable System (PBAS) program, and
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Hypersonica Raises €100M Series B for European Deep Strike
Well, gosh darn. So much for Europe being conservative when it comes to funding defense. This morning, British-slash-German hypersonic deep-strike company Hypersonica announced that it’s closed a €100M Series B to “accelerate development of its deep-strike systems, increase testing cadence and expand operations and reindustrialisation across Europe.” “The debate about whether Europe needs hypersonic deep-strike […]
Shield AI and Leonardo Team Up for Heli-Drones
Last year, it was all, “Everyone loves a tiny little autonomous plane.” Now it’s all, “Everyone loves a tiny little helicopter.” What’s next? Yesterday, autonomy giant Shield AI announced that it’s inked a partnership with European prime Leonardo to integrate its flagship Hivemind autonomy stack onto Proteus, the prime’s “uncrewed rotorcraft” (read: helicopter drone). “Leonardo […]
Salesforce to Buy Rune in its “Most Significant” Defense Acquisition to Date
The two-year-old military logistics startup had raised just $30M in VC funding before becoming Salesforce’s biggest defense acquisition.
The Pod
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Big Conversations
A Q+A with Mykhailo Fedorov, Ukraine’s Fmr. Defense Minister
An exclusive interview with former Ukrainian Defense Minister Mykhailo Fedorov.
A Q+A with Vectus’ Erik Prince
Tectonic sat down with Erik Prince to chat about his new air defense startup, Vectus.
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 […]
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, […]