Investment

RevEng.AI Raises $15M Led by the NIF

We’re back with some super-cyber nuts and bolts, friends.  This morning, AI-for-cybersecurity startup RevEng.AI announced that it’s raised a $15M Series A to further advance its cyberthreat-detecting AI software and expand into the United States. The round was led by the NATO Innovation Fund with participation from Sands Capital, In-Q-Tel (IQT), IQ Capital, and Episode […]

PentagonPolicy

Exclusive: A First Look at SVDG’s NatSec100

Well, guys. The moment you’ve all been waiting for is here.  This morning, the Silicon Valley Defense Group released its fourth annual NatSec100 report, looking at the state of things in our cute lil’ defense tech world and the companies dominating the game. And lucky for you, we here at Tectonic got an exclusive first […]

EuropeInvestment

Earlybird and AVP Reportedly Raising €500M Defense Fund. 

Well, seems the Europeans are getting super serious about investing in their defense. Yesterday, Sifted reported that Earlybird Ventures is teaming up with Paris-based AVP (the artist formerly known as AXA Venture Partners) to raise a €500M fund focused on defense. The reported raise comes just a few weeks after Earlybird announced that it’s closed […]

Tech

Anduril Unveils Voyager 1 for Mobile Compute and Comms

Compute is, like, so hot right now.  Yesterday, teeny-tiny startup Anduril (they’ve had like, no news lately) unveiled the Voyager Gateway 1, a new “rugged, body-worn compute and communications system designed to fit within an operator’s kit.” The idea is to bring compute allll the way to the front without the heat and discomfort of […]

PentagonTech

Shield AI Tapped for LUCAS Autonomy

Well, a drone with the same name as some dude you hung out with in college is getting a buzzy upgrade.  Yesterday, autonomy giant Shield AI announced that it’s been tapped by the Office of the Under Secretary of War for Research and Engineering (OUSW R&E) to build its Hivemind autonomy software onto LUCAS—the Low-Cost […]

Pentagon

Perennial Autonomy Scores $500M JIATF 401 IDIQ

Well, looks like the Pentagon is getting super-serious about c-UAS, what with everything happening in the Middle East.  Late yesterday, Joint Interagency Task Force 401 (JIATF 401) announced that it’s awarded a $500M IDIQ to Perennial Autonomy—the super-secret startup reportedly launched by former Google CEO Eric Schmidt—to provide “enterprise-wide counter-unmanned aerial system operations.” The company—which […]

EuropeTech

Anduril Downselected for UK MoD’s Project Nyx

If you thought the dudes over at Anduril were done reimagining what the word “drone” can mean, think again. On Friday, the UK subsidiary of the not-so-little defense company announced that it’s officially been downselected for the British Army’s Project Nyx—the MoD’s effort to build an autonomous loyal wingman for Apache helicopters.  “We think Nyx […]

Tech

Vantor and BAE Team Up

You know what sucks? When you think you’ve got a drone flying good and straight over a target, but then it turns out you’re like, super off base. Well, luckily, one prime-new kid on the block partnership is here to help. This morning, Vantor (the artist formerly known as Maxar) announced that it’s teaming up […]

Investment

Anduril Raises $5B Series H at $61B Valuation

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 […]

Pentagon

Saildrone Scores $15.5M USCG Contract

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 […]