True to its name, Mach Industries is moving speedy quick, and investors are lining up to add fuel to the fire. A little more than a week after announcing the $50M acquisition of propulsion system and solid rocket motor-maker Exquadrum, the Huntington Beach startup announced late yesterday that it’s closed a $300M Series C co-led […]
It’s no secret that the Navy wants drone boats, and they want them fast. Well, now we know who’s (probably) going to be building them. Over the weekend, the service named the seven companies—including Saronic, HavocAI (through PacMar Technologies), and Sea Machines—selected to advance to the prototype stage of the medium unmanned surface vessel (MUSV) […]
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 […]
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 […]
By now (unless you’ve been living in a cave for the past few years), you’re probably well aware that the US military is going all-in on autonomous vehicles. And if you read Tectonic, you’ll know that there are a whole lot of companies making them. When those many thousands of autonomous vehicles are fielded, each […]
Looks like Saudi Arabia and Utah have more in common than deserts. SR2Vector, a joint venture between Saudi Arabia’s SR2 Defense Systems and Utah-based startup Vector, has unveiled a co-produced Shahed-esque (or in US terms, LUCAS-esque) long-range one-way attack drone called SKYWASP, which’ll be manufactured at the JV’s upcoming factory near Riyadh. The news was […]
Clearly, being on both Army Next-Gen Command and Control (NGC2) prototyping teams isn’t enough for Rune. Yesterday, the AI-powered logistics and sustainment startup announced that it was tapped for the Marine Corps’ Project Dynamis, the service’s push to accelerate the modernization of its C2 contribution to the Pentagon-wide Combined Joint All-Domain C2 (CJADC2) within the […]
It’s been a busy week for Redwire. On Tuesday, the space and defense giant announced a “multi-year contract valued at high eight-figures” with an undisclosed NATO country for its Penguin Mk3 VTOL UAS, and followed that up yesterday with a $15M contract with the US Army’s Aviation Center of Excellence (AVCOE) for its ISR-focused Stalker […]
Manufacturing is, like, hotter than hot right now. This morning, the Advanced Manufacturing Company of America, better known as Amca, raked in some serious reindustrialize-flavored cash, announcing a $300M Series B at an over $1B valuation. Caffeinated Capital led the round, with Lightspeed, a16z, Lux Capital, and Construct Capital participating. Networking: A lot of new-age […]
It’s not every day that a CEO buys a company older than they are, but welcome to the new age of defense tech. Yesterday, Mach Industries, founded in 2022 by now-22-year-old CEO Ethan Thornton, revealed that it acquired 24-year-old propulsion system and solid rocket motor-maker Exquadrum in a $50M deal back in April. The acquisition […]
