Manufacturing is so back, baby. Well, at least if AI and defense are involved. Yesterday, UK-based advanced manufacturing startup Isembard announced it has raised a $50M Series A round led by Union Square Ventures to accelerate its plan to open 25 factories by the end of the year. CEO Alexander Fitzgerald told Tectonic that most […]
If anyone thought the defense tech hype train was slowing down, think again. This morning, Austin-based fund Scout Ventures announced that it’s closed a $125M Fund V to invest in tech companies that are building “artificial intelligence, autonomous systems, space infrastructure, cyber, quantum, and advanced power technologies.” The new fund brings total funding raised by […]
We’re sensing that things are just starting to heat up on the drone detection front, and investors are, too. This morning, Israeli-American radio frequency (RF) sensing startup R2 Wireless announced in an exclusive release to Tectonic that it raised $5M in a funding round led by Origin Ventures, with participation from Spring Rock Capital, Corner […]
After a quiet few years, it looks like our friendly neighbors up north are diving headfirst into defense tech. Hot off a $15.2M ($21M CAD) seed round in January, Canadian defense tech startup Dominion Dynamics kicked things up a notch late last week, announcing plans to invest $37M ($50M CAD) to kickstart development of Scout, […]
Remember on Friday when we said that the Americans were coming? Well, turns out the Europeans are coming, too. This morning, FPV hotshot Orqa announced in an exclusive release to Tectonic that it’s raised a €12.7M ($14.7M) Series A led by Expeditions Ventures and signed a teaming agreement with Texas-based Red River Army Depot to […]
Welp, the Anduril mafia and Nominal are making things super-extra-official. Yesterday, the testing startup announced that it’s raised a whopping $80M “acceleration round” (their term) led by Founders Fund, valuing the company at $1B. Nominal co-founder Bryce Strauss told Tectonic that the cash money will be used to double the size of their team and […]
Remember all those videos of Ukrainian sea drones taking out Russia’s Black Sea Fleet? Well, UFORCE, the company making those USVs and a whole range of unmanned systems, officially emerged from stealth today with a $1B+ valuation after raising over $50M from a transatlantic team led by Shield Capital and Lakestar. Good news for all […]
It’s been a busy, beefy week for the Pentagon and a certain AI giant, but a startup out of El Segundo has a solution to those tensions: Just build an AI lab purpose-built for national security. And investors are on board. Yesterday, Smack Technologies announced a combo Seed and Series A round to build what […]
The markets may be in a panic over AI (and, like, at least three other things), but the hype for AI-powered defense tech continues. This morning, AI-powered geospatial intelligence startup Worldscape.ai announced in an exclusive release to Tectonic that they’ve closed a $6M seed round led by Scout Ventures, with participation from Radius and Washington […]
If you’re a regular Tectonic reader, you’ll know there are a whole lot of drones, drone boats, drone submarines, and whatever other autonomous thingamajigs you can think of coming onto the market. What all these autonomous systems are missing is a playcaller that turns them into a cohesive multi-domain, multi-platform force. NODA AI is building […]
