The two-year-old military logistics startup had raised just $30M in VC funding before becoming Salesforce’s biggest defense acquisition.
Founded last year, Foundry is assembling everything from robotic dogs to unmanned underwater vehicles and quadcopters.
For all those saying cheap drones have made old-school artillery obsolete on the modern battlefield, newly minted unicorn Firehawk would like a word—and has $150M to prove you wrong. This morning, the energetics and rocket motor-maker announced that it’s raised a whopping $150M Series D led by Advent and Rochefort Asset Management at a $1.4B […]
The data nerds over at Nominal are (still) on a bit of a heater, this time with one of the Air Force’s most ambitious programs. The testing startup announced yesterday that it’s been selected for a $71.2M AFWERX Strategic Funding Increase (STRATFI)—split between $30M of Nominal’s own cash and $41.2M of government funding—to expand its […]
After staying out of the spotlight among its NATO allies, the Canadians have really started making some serious money moves in defense, and we’re not talkin’ aboot hockey, eh? This morning, Calgary-based interceptor startup North Vector Dynamics announced that it’s closed a C$29M (US$20M) Series A led by Tech Horizons—a Prague-based deep tech VC firm […]
Secretary Pete Hegseth has pledged to make the US military an “AI-first warfighting force,” and the Navy is taking that on board. Literally. Yesterday, autonomy software giant Applied Intuition announced that the US Navy has tapped it to deploy a new AI-powered sensor fusion and data-collection system “across the manned and unmanned fleet,” starting with […]
You know the best thing about raising a $160M Series D? When you end up raising $275M. This week, aviation autonomy startup Reliable Robotics tacked on an additional $115M to its Series D originally announced in April, bringing the California company’s total funding to a cool $380M and its valuation across the $1B mark. Defense […]
You know how we keep saying that Valinor has made solving the US military’s least sexy, most overlooked problems their whole thing? Well, they’re taking that to the next level with their newest product company: A software-defined facility management system called Terra that aims to bring predictive maintenance, smart sensors, and mold detection into the […]
The Navy quadrupled Gecko’s $71M IDIQ to expand from the Pacific Fleet to Naval Surface Force Atlantic.
DC-based defense PE firm Arlington Capital Partners closed its £345.6M acquisition of British photonics company Gooch & Housego
