Latest Stories
AV Scores $20M AFRL Contract for Ceramic Materials
We talk a lot about all the zoom and go boom hardware around here, but we don’t spend a lot of time talking about the stuff used to make it. That changes today. Yesterday, AV (the artist formerly known as AeroVironment) announced that it has been awarded a ceramics advanced materials and processes (CAMP) contract […]
Exclusive: Picogrid Raises $45M Series A
Picogrid is proving that teamwork really does make the dream work. This morning, the El Segundo-based hardware and software integration startup announced in an exclusive release to Tectonic that it has raised $45M in a Series A led by Bessemer Venture Partners to expand its product family, increase deployments, and take its integration tech into […]
Hermeus Scores $159M DIU Contract Extension
Well, the go-fast guys are back with some super-speedy contract news. This morning, hypersonic aircraft startup Hermeus announced that it’s scored a $159M contract modification from the Defense Innovation Unit (DIU) to continue developing hypersonic airdraft and “demonstrate high-Mach flight and high-speed payload release.” The OG contract was awarded back in 2023 and now has […]
Kraken and Davie Team Up to Build USVs in Canada
Kraken is stepping things up in the Commonwealth. Yesterday, the UK-based unmanned surface vessel (USV) startup announced a partnership with Canadian shipbuilding giant Davie to manufacture its USVs in Québec, starting with its flagship K3 Scout speedboat-drone. Zoom zoom (said in a Québecois accent). Small and speedy: Kraken, if you’ve been paying attention to the […]
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 […]
