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TERASi Raises €11M ($12.5M) Seed Led by NIF and JOIN
All those shiny fun boats, drones, interceptors, and missiles you guys make are fun and all, but they’re not all that helpful if they don’t have reliable comms to, like, tell them where to go. Luckily, Sweden-based TERASi is here to help—and they’ve now got a whole new pile of cash to help them do […]
Scoop: Drone Dominance Program Gauntlet 2 Winners Secure Big Orders
The DDP plans to order 60,000 FPV drones from top performers in Gauntlet 2, including 14,000 from Neros.
Lockheed Snags $1.2B Army Contract for PrSM Increment 2 Missiles
It’s a boom time in the boom business, especially for the biggest purveyor of boom and zoom in the game. Yesterday, defense giant Lockheed Martin announced that it won a $1.2B IDIQ contract for the second increment of the Precision Strike Missiles (PrSM), which are replacing the Army Tactical Missile System (ATACMS) in the Army’s […]
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Valley of Depth is a podcast about the technologies that matter – and the people building them.
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Big Conversations
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 […]