EuropeTech

EDA Picks Finalists for Sentinel Strike Challenge

Told you the Europeans were getting (kind of) serious about the whole drones and autonomy thing. Yesterday, the European Defense Agency (the EU’s joint defense capability organization) announced that it’s down-selected five companies for stage two of its Sentinel Strike Challenge for loitering munitions. Each company will get €30,000 to move on to stage two, […]

EuropeTech

Lockheed Unveils a Patriot on a Budget and a Flying Drone-Zapper 

To everyone who likes to bash the primes for not innovating fast enough—watch out, because you might just get what you ask for.  At the Farnborough International Airshow in the UK yesterday, Lockheed Martin unveiled two new additions to its portfolio of air defense technologies: a lower-cost version of the Patriot (PAC-3 MSE) called the […]

EuropeInvestment

Lakestar Raises $300M Resilience Fund I

We knew about the magical, never-empty American defense tech funding tap, but it turns out Europe has one too.  This morning, European deep tech VC heavyweight Lakestar announced that it’s raised a $300M Resilience Fund I—dedicated specifically to defense and dual-use in Europe and across NATO-allied countries. “The dedicated Resilience I fund gives us the […]

EuropeInvestment

Greenjets Raises $40M Series A

If this is the week before Farnborough, we can’t possibly imagine what next week is going to be like.  This morning, UK-based (and fairly sneaky) aerospace tech company Greenjets announced that it’s raised a $40M Series A led by Blossom Capital with participation from the NATO Innovation Fund (NIF), the UK’s National Security Strategic Investment […]

EuropeInvestment

Valarian Raises $50M Series A

Well, gosh darn. Our friends across the pond really are having quite the month. This morning, UK-based Valarian—which is building “the sovereign infrastructure layer for high-consequence operations and AI-driven systems”—announced that it’s raised a $50M Series A led by New Enterprise Associates (NEA). “We’re really, really excited to partner with [NEA],” Valarian founder and CEO […]

EuropeTech

Harmattan and Dassault Unveil Co-Developed NAMIB EW System

Well, seems like the Dassault-Harmattan AI partnership is working out just fine.  This morning, the Paris-based autonomy startup and the French aviation giant announced that they’ve teamed up to build—and successfully integrate and test—a new EW detection drone payload called NAMIB. And they’ve already tried it out. In a recent test, a drone (built with […]

EuropeInvestment

Helsing Raises $1.8B at $18B Valuation

Europe—well, Germany especially—is having a heck of a year.  This morning, the German defense tech juggernaut announced it’s raised a $1.8B Series E at an $18B valuation, setting a new record for Europe’s largest defense startup funding round after Quantum Systems’ $1.2B raise earlier this month.  The Germans are taking this whole rearmament thing pretty […]