In a week that has seen some big investments in defense tech (looking at you, Applied Intuition), we’ve got yet another heavy hitter: German AI and drone company Helsing announced Tuesday that they’ve raised $691M in a Series D funding round, valuing it at nearly $14B. Did we mention that it’s only Tuesday?
Another day, another big ‘ol piece of news from Applied Intuition. Yesterday, we wrote about how the autonomous vehicle startup (can they still be called that?) spun out an autonomous ISV in 10 days. And today, they closed a $600M Series F fundraise and tender offer at a whopping $15B valuation. For those keeping score […]
Gecko’s a unicorn: It’s been a big year for Pittsburgh-based Gecko Robotics. In the past few months, they’ve signed a $100M deal with a top US power grid operator, partnered with L3Harris on remote aircraft maintenance, and—last but certainly not least—hit unicorn status last week after raising $125M at a $1.25B valuation. That’s a lot […]
It’s been quite the week for Pete Hegseth. In the past few days, he faced lawmakers on the Hill for the first time since becoming SecDef to defend a $1T DoD budget request that, well, he hasn’t released. Then, the House went ahead and released their appropriations bill, his procurement budget was leaked, and he […]
