The markets may be in a panic over AI (and, like, at least three other things), but the hype for AI-powered defense tech continues. This morning, AI-powered geospatial intelligence startup Worldscape.ai announced in an exclusive release to Tectonic that they’ve closed a $6M seed round led by Scout Ventures, with participation from Radius and Washington […]
Look out, world. The El Segundo bros are teaming up. This morning, CX2 and Neros announced in an exclusive release to Tectonic that they’re teaming up to put CX2’s c-UAS tech onto Neros’ made-in-the-USA quadcopter drones. Specifically, the two companies will build Vadris—CX2’s RF-seeking drone pilot locator—onto Neros’ Archer FPV drone. The idea is to […]
Big week for propulsion around here. This morning, solid rocket motor startup X-Bow Systems announced in an exclusive release to Tectonic that they’ve successfully tested their 34.5-inch Ballesta SRM, first unveiled in 2022. The big-boy motor—which has more thrust and can get up to super-fast speeds more quickly—is best suited for launch for big ol’ […]
Welp, everyone really be out here just forming cliques. Yesterday, 3D-printed propellant hotshot (get it) Firehawk announced that it’s teaming up with manufacturing startup UNION to “[bring] together UNION’s software-defined factory platform and metal parts manufacturing with Firehawk’s advanced energetics and propulsion manufacturing platform.” In particular, the two companies say they’re banding together to work […]
Well, we’re running with a bit of a theme today. Can someone let us know why everyone is raising pretty much the exact same amount of money on the exact same day? Yesterday, German interceptor hotshot TYTAN announced that it’s raised a €30M Series A led by Armira and NATO Innovation Fund (NIF), with support […]
Say it louder for the people in the back: Welcome to the golden era of defense tech’s picks and shovels. This morning, Chariot Defense—which builds new-age power systems for, well, defense—announced that they’ve raised a $34M Series A led by Andreesen Horowitz (a16z), with participation from DCVC, LMNT, Marlinspike, Overmatch, Shield Capital, Ensemble, and Trenches […]
Move over, drones. This week is all about the science fiction-y stuff (well, at least for now). Yesterday, connectivity company (and Google spinout) Aalyria announced that it’s raised a $100M Series B at a whopping $1.3B valuation led by Battery Ventures and J2 Ventures, with participation from DYNE and others. Aalyria CEO Chris Taylor told […]
Our friends in Europe are having quite the start to the week. In case you missed it: On Friday, leaders of the European Group of Five (E5)—Europe’s five biggest defense powers—announced from Krakow that they’re banding together to beef up low-cost air defense. The new “multi-million euro” project—known as the Low-Cost Effectors & Autonomous Platforms’ […]
We’re back to the nuts and bolts, baby. Yesterday, Code Metal, a “code [translator] for mission critical industries” (we’ll explain, dw) announced that it’s raised a $125M Series B led by Salesforce Ventures with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others. This latest round brings the […]
Everyone’s favorite neoprime is back—and this time with some explosive news (bada-bing!). This morning, Anduril announced that it has received $43.7M in Defense Production Act Title III funding to expand solid rocket motor (SRM) production in the US. The company says the funding will be used to “increase the efficiency and resiliency of [Anduril’s SRM […]
