Welp, big ol’ week for our friends across the pond. This morning, British maritime autonomy darling Kraken Technology announced that it’s raised a $175M Series B at a $1B valuation, which the company says will “accelerate Kraken’s rapid capability development and international manufacturing expansion.” The round was led by DTCP with participation from the British […]
If you still had any doubts that Europe was getting serious about defense (and defense tech), well, we’re back with even more evidence to prove you wrong. Yesterday, Warsaw-based VC Expeditions announced that it’s raised a €197M ($224.5M) Fund II, which it says will “address Europe’s critical capability gaps, as well as strengthen economic and […]
Well, the moment you’ve all been waiting for is finally here. Late last week, the Ukrainian government officially announced its first mechanism for exporting defense and military technology to partner nations. Under the setup—in the works for nearly two years—the government will maintain pretty tight control over exports, but manufacturers will (at long last) be […]
Well, jeez. We thought Quantum Systems was already having quite the year—turns out we didn’t know the half of it. This morning, the German autonomy giant announced that it’s raised a $1.2B Series D at a $8B valuation, co-led by Blackstone, Noteus, Airbus, and Advent. The company says it will use the money to “accelerate […]
In case you haven’t been paying attention, Vantor has been having quite the week across the pond. In the space of a week, the spatial intelligence company has announced a partnership with Rheinmetall to create “a European 3D information platform for spatial intelligence,” and teamed up with British prime BAE Systems to manufacture its 20 […]
Just because Eurosatory is over certainly doesn’t mean our friends across the pond are slowing things down. Yesterday, French autonomy startup Harmattan AI announced that the French government has ordered another 5,000 of its Sonora ISR drones, just a year after ordering a first tranche of 1,000. That first batch—part of a program of record […]
If you think the defense tech scene is hot in the US, take a look across the pond. Yesterday, German drone startup STARK quietly announced a very chill €500M ($567M) fundraising round led by longtime (in defense startup terms) backers Founders Fund and Sequoia Capital. The two-year-old company told Tectonic that the round put its […]
If you were paying attention to the news coming out of Eurosatory last week, one thing was extremely clear: Everyone (and we mean everyone) is making moves to go cross-domain. And that’s especially true for German defense darling Quantum Systems. Last week, the company made two announcements that solidify its status as very much not […]
It’s been quite the week for our friends across the pond at Eurosatory this week, and by the sounds of it, the continent’s defense buildup is showing no signs of slowing down. At least not if French planning and C2 company Comand AI has anything to do with it. This morning, the Paris-based startup announced […]
The mega-drone competition in Europe is heating up, and fast. At the Berlin Air Show yesterday—just as Quantum Systems launched its PULSE P19—European defense tech giant Helsing unveiled a new EW-equipped variant of its drone-fighter-CCA-analog—the CA-1 Electronic Attack (CA-1EA). The new version of the CA-1 Europa mega drone (first announced last fall) is “specifically designed […]
