Well, so much for the defense tech bubble popping. This morning, defense tech giant Anduril announced that it’s raised a $5B—yes, billion with a B—Series H at a $61B valuation led by Thrive Capital and Andreessen Horowitz (a16z). The round brings total funding raised by the megalith to over $11B over eight rounds. “Investors have […]
Well, looks like Saildrone’s $37M BPA from last summer is getting put to good use. Yesterday, the sailboat-drone company announced that it’s won a $15.5M contract with the US Coast Guard (USCG) to deploy 16 Saildrone Voyager vessels in the Great Lakes and off the US Northeast coast. “We’re augmenting the Coast Guard because they’ve […]
Well, folks, we’re starting the week off with a bang. (Forgive us.) This morning, munitions startup Heaviside came out of stealth with a $28M Series A in an exclusive release to Tectonic. The round was led by Interlagos Capital with participation from Menlo Ventures, Flume Ventures, Cantos Ventures, Anorak Ventures, Frank Finelli (senior advisor and […]
So, the fun thing about defense tech is that no matter how shiny, or fast, or go-boom it is, it doesn’t mean a whole lot if it doesn’t work hand in hand with everything else on the battlefield. Luckily, at least one service seems to be tackling the whole “make sure this stuff works when […]
Well, if anyone thought the software hype era was over, think again. In case you missed it, on Wednesday, the Pentagon’s Chief Digital and Artificial Intelligence Office (CDAO) increased its enterprise agreement with AI integration and training giant Scale AI from $100M to $500M, supporting “the Department’s strategic imperative to accelerate the adoption of data, […]
Turns out that drone boats can do a lot more than just zip about and terrorize Russia’s Black Sea Fleet, y’all. Yesterday, USV company BlackSea Technology announced that it’s been awarded a $256M Navy contract to “build and support the Seabased Petroleum Distribution System (SPDS) program.” For those of you not steeped in specific Navy […]
Strap in, folks. It’s time to get into the nuts and bolts. On Monday, CA-based silicon photonic optical gyroscope (we’ll get to that) company Anello Photonics announced that it’s raised a cool $25M Series B-2 round led by MESH. New investor Washington Harbour Partners also joined the round, along with existing investors Lockheed Martin Ventures, […]
Everyone really is making that great, grand leap across the pond. This morning, Croatian drone giant Orqa FPV announced in an exclusive release to Tectonic that it’s spinning out an independent US entity called Orqa US, focused on building end-to-end UAV systems for Drone Dominance. The US company is teaming up with defense contractor By […]
Well, New Mexico is turning out to be the land of enchantment—at least for a few lucky deep tech firms. This morning, a new NM–based company, Tierra Adentro Growth (TAG) Capital (say that five times fast, nerds), announced in an exclusive interview with Tectonic that it has raised a $100M deep tech infrastructure fund focused […]
We’ve spent a heck of a lot of time talking about stuff that flies and goes boom lately, so today we’re gonna mix it up a lil’ bit. This morning, in an exclusive release to Tectonic, ground autonomy wunderkind Forterra unveiled a new autonomous vehicle called MESA, built on a “factory modified” Polaris Ranger XD 1500. The […]
