Looks like the primes still have something going for them after all. This morning, unmanned surface vessel (USV) company HavocAI announced that it’s teaming up with Lockheed Martin to beef up its medium USV fleet. HavocAI CEO Paul Lwin told Tectonic that the most critical part of the partnership will be integrating Lockheed’s advanced sensors […]
The money moves just keep on coming. Last week, Business Insider reported that national security VC America’s Frontier Fund—of Venus Aerospace and Foundation Alloy fame—is raising $315M for its deep-tech focused Frontier Fund. According to a fund insider Tectonic spoke to on condition of anonymity (those pesky SEC regulations), the raise will officially close in […]
Once upon a time (last Friday), before the US had struck Iran and sent us all into an X-fuelled tailspin, a pretty interesting announcement came out of the tail-end of the Paris Air Show: Electra.aero (maker of the ultra-short takeoff and landing EL9 aircraft) and Lockheed Martin Skunk Works ($LMT) are teaming up. According to […]
Young money: Last Wednesday, California-based defense start-up Mach Industries made a hell of an announcement: they raised a $100M Series B led by Sequoia Capital and Khosla Ventures at a $470M valuation. Impressive stuff, but even more impressive when you consider that the company was founded just two years ago by Ethan Thornton, a now-21-year-old […]
Another day, another huge piece of news for European defense tech. This morning, Anduril announced a strategic partnership with German defense prime Rheinmetall to co-produce a suite of autonomous air systems and propulsion capabilities for militaries on the continent. As we said yesterday: Zeitenwende, indeed. Anduril and Rheinmetall’s partnership will center around three capabilities: The […]
In a week that has seen some big investments in defense tech (looking at you, Applied Intuition), we’ve got yet another heavy hitter: German AI and drone company Helsing announced Tuesday that they’ve raised $691M in a Series D funding round, valuing it at nearly $14B. Did we mention that it’s only Tuesday?
Remember when we said that maritime is all the rage? Well, we’re back to prove our point. This week, AI-powered sonar company Andrenam announced they’ve raised $10M in seed funding to build out their core tech – a distributed network of underwater acoustic sensors. When Tectonic chatted with Cernosek about the raise, he was on […]
Another day, another big ‘ol piece of news from Applied Intuition. Yesterday, we wrote about how the autonomous vehicle startup (can they still be called that?) spun out an autonomous ISV in 10 days. And today, they closed a $600M Series F fundraise and tender offer at a whopping $15B valuation. For those keeping score […]
Gecko’s a unicorn: It’s been a big year for Pittsburgh-based Gecko Robotics. In the past few months, they’ve signed a $100M deal with a top US power grid operator, partnered with L3Harris on remote aircraft maintenance, and—last but certainly not least—hit unicorn status last week after raising $125M at a $1.25B valuation. That’s a lot […]
Everyone really is making that great leap across the pond. Yesterday, geospatial intelligence company Maxar announced that it’s teaming up with Swedish defense giant Saab to build space-based C5ISR (Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance, for the uninitiated) told to help militaries “stay connected and aware, even when GPS goes down.” “By […]
