Welp, the cash money just keeps on flowing. Yesterday, aviation autonomy company Reliable Robotics announced that it’s raised a cool, cool $160M to “accelerate deployment and scale production of the Reliable Autonomy System (RAS).” That’s their flight autonomy stack that basically takes any plane and makes it a drone. The round was led by Nimble […]
Our drone boat friends over in Fareham are certainly having quite the week. Yesterday, everyone’s favorite new age defense company (Anduril) announced that it’s teaming up with UK-founded Kraken Technology Group to bring the company’s “proven family of small, high-performance, mass-producible USVs” to the US. The announcement comes just a day after Rheinmetall—that tiny German […]
Our friends over at Shield AI are having quite the start to the year. Yesterday, the San Diego-based autonomy giant announced that it’s been tapped by the US Navy to compete for $800M in ISR services with its VTOL V-BAT drone. AV—FKA AeroVironment—also announced that it had been selected to compete for the contractor-owned, contractor-operated […]
By the look of things, it’s going to be a busy, busy week out in National Harbor. This morning, USV darling Saildrone announced at Sea-Air-Space that they’re building a new, 52-meter (170-foot) USV called Spectre, the “largest, fastest, and most capable Saildrone platform to date,” according to the company. The big ol’ drone boat is […]
It’s Sea Air Space week, baby, and the news is already coming in hot and fast. This morning, maritime perception company Tocaro Blue (you’ll remember them from their team-up with Havoc AI) unveiled ApolloCore, a new camera-based machine learning software, in an exclusive release to Tectonic. The stack—designed to work with the company’s ProteusCore radar […]
Strap on your life jackets, kids. We’re headed out to sea. Yesterday, “ocean company” (we’ll explain) Ulysses announced that it’s raised a $38M Series A led by Andreessen Horowitz’s (a16z) American Dynamism fund, with participation from Booz Allen Ventures and Harpoon Ventures, bringing total funding to $46M (with an earlier, unannounced $8M seed). The startup—which […]
Turns out an old dog can, in fact, learn new tricks. Yesterday, mom-and-pop shop Lockheed Martin announced that it’s boosting its venture fund (aptly named Lockheed Martin Ventures) from $400M to a cool $1B, marking “the largest boost in investment since the fund was established in 2007.” The prime says it will use the funds […]
Well, it looks like the Pentagon might finally be well and truly getting on the AI bandwagon. This morning, AI-for-defense startup Striveworks announced in an exclusive release to Tectonic that they’ve scored a $70M multi-year enterprise agreement (EA) with the DoD (through the US Army) to deploy their flagship Chariot Core software across the Department. […]
Well, the Nordics are making some money moves, aren’t they? This morning, Danish sensor startup Sapient Perception announced in an exclusive interview with Tectonic that they’ve raised a €2M ($2.4M) pre-seed round co-led by Balnord and FORWARD.one. The company says it will use the money to “accelerate development of the company’s software-defined cameras and AI […]
It’s a rare week when we write about more contracts than we do investments, but here we are. This morning, space and defense giant Redwire ($RDW) announced in an exclusive release to Tectonic that it’s been awarded $20M in follow-on orders from the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office (PMA-263) […]
