Well, for anyone who thought that we’d have a chill autumn here in defense tech world, sorry. The money moves continue. This morning, autonomy software company Auterion announced that they’ve raised a $130M Series B led by Bessemer Ventures, with participation from existing investors Lakestar, Mosaic Ventures, and Costanoa Ventures. The company says it will […]
Everyone is really jumping on the drone dominance agenda. This morning, Australian-American c-UAS company DroneShield announced that it’s massively expanding its R&D operations in the US. The company—which already has a branch in the US and works closely with the DoD—says it will invest “several million dollars” in its expansion in the next two years, […]
If you’ve been in DC anytime in the past few years, you will have heard of Arthur Herman. In case you’re unfamiliar (nerd!), he wrote Freedom’s Forge back in 2012, which has shaped a lot of the First Breakfast-type reindustrialization conversations we’ve been having lately. Sparknotes: The book (if you haven’t read it or have […]
Well, we told you that everyone was into making things go fast these days. Yesterday, as first reported by Axios, propulsion company Ursa Major announced that they’ve landed a $34.9M contract to sell their signature Draper engines to “an undisclosed U.S. aerospace and defense company.” Coy. The company seems to see the contract as a […]
We teased yesterday, but it really does seem that the export of Ukrainian defense tech across the NATO alliance is beginning to pick up speed. Yesterday, Ukrainian UAV software company Swarmer announced that it’s closed a $15M Series A led by Florida-based Broadband Capital Investments, with participation from R-G.AI, D3 Ventures, Green Flag Ventures, Radius […]
Well, looks like everybody really is getting into the defense tech VC game. Yesterday, at the US Army Demand Signal Forum in DC, SecArmy Dan Driscoll officially unveiled a new innovation program called Fuze, designed to better scale commercial products from prototypes to programs of record. Driscoll (a former VC and investment banker himself) said […]
Well, things certainly haven’t calmed down after a barrage of Russian drones flew deep into Polish airspace last week. Over the weekend, Romania became the second NATO member to ring the alarm bells and scramble jets after a Russian drone was detected and intercepted near the border with Ukraine. Romania’s defense minister called the incursion […]
Well, we hope everyone has had a few decent nights’ sleep since DSEI wrapped on Friday and that our friends in London are enjoying the return of the Tube. (If you don’t understand why this is such a big deal, bless you.) With the weekend behind us (and Trump planned to hop across the pond […]
The mash-ups continue during DSEI week. Yesterday, Estonia-based missile startup Frankenburg Technologies announced that it’s teamed up with NiDAR c-UAS and surveillance company MARSS to integrate Frankenburg’s missiles into MARSS’ C4 platform. The goal, according to the two companies, is to build a “layered defence solution that combines affordability, scalability, and cutting-edge AI to protect […]
Welp, Anduril is back for more—and this time, in a different hemisphere. In case you missed it, on Tuesday, the defense tech darling announced that its Australian branch has been awarded a $1.12B ($1.7B) contract to deliver a fleet of its Ghost Shark SSK XL autonomous submarine. This is officially Anduril’s first international program of […]
