PentagonTech

Exclusive: Forterra’s $114M Army-Backed Push Into Ukraine

Take a quick look around the defense startup scene, and you’ll notice that pretty much every company bills its tech as “tested in Ukraine.” Far fewer can say that they’re trusted in Ukraine. Forterra actually can. Yesterday, the ground autonomy startup revealed that it has sent over 100 Lancer autonomous ground vehicles (AGVs)—based on the […]

Tech

Exclusive: Aurelius Takes its Drone-Downing Lasers Mobile with Rheinmetall

Lasers and partnering with Rheinmetall…so hot right now.  Directed energy startup Aurelius Systems is teaming up with the German mega-prime’s American subsidiary to integrate its drone-downing laser weapon, Archimedes, onto a Rheinmetall unmanned ground vehicle, the company exclusively told Tectonic.  The partnership is the first for Aurelius and, since they aren’t planning to make ground […]

Investment

Ondas Acquires Drone-Maker DZYNE Technologies for $876M

The great defense tech rollup is well underway, and Ondas ($ONDS) is quietly leading the charge.  This morning, the drone and counter-drone roll-up announced that it’s acquired California-based drone company DZYNE Technologies for a whopping $875.8M, forming a new business unit with fellow Ondas portfolio company World View (acquired in April) that’ll be focused on […]

Investment

Defense Tech Funding is Breaking Records, with $35.6B Invested YTD

If you can believe it, today marks the halfway point of the year, and we’d be the first to tell you that it’s been a pretty wild ride in defense tech so far. As it turns out, the numbers back up our—and, if you’re reading this newsletter, your—excitement.  According to Pitchbook data provided to Tectonic, […]

Tech

Exclusive: Auriga Launches Hypersonic Weather Testing Chamber

If you read Tectonic, you’ll probably be aware of two things: Hypersonic weapons are in high demand these days, and the government wants to move fast to field them. Like, really fast. That’s all well and good, but one super-underappreciated part of that story is that testing these systems—especially the unsexy stuff like coatings, ceramic […]

Investment

Harpoon Ventures Raises $155M Fourth Fund

Looks like no one’s found the shut-off valve on the defense tech funding tap yet.  Yesterday, San Diego-based early-stage VC firm Harpoon Ventures—an investor in startups ranging from Firestorm to Ursa Major and Merlin—announced that it’s closed a $155M Fund IV to, in the words of Harpoon investor Riley Loftus, back the “maniacs that are […]

PentagonTech

Overland AI Snags $20M Marine Corps Contract for AGVs

Looks like the clankers (robots, for the non-internet people among us) are here to stay.  Yesterday, ground autonomy startup Overland AI announced that they’ve been awarded a $20M production contract through the APFIT program to deliver autonomous ground vehicles for the Marine Corps Marine Air Defense Integrated System (MADIS). For the uninitiated, that’s the Corps’ […]

Investment

Drone Startup Elroy Air to Go Public Via $1B SPAC Deal

As we all know, there’s a whole lot of private capital going into defense these days, but more and more companies are jumping on the growing appetite in the public markets, too. On Friday, California-based heavy-lift drone startup Elroy Air announced plans to go public later this year through a Special Purpose Acquisition Company (SPAC) […]