Welp, they’ve gone and done it again. This morning, precision munitions startup Heaviside announced that it’s raised a $60M Series B at a $600M valuation just three months after emerging from stealth with a $28M Series A. The company is also teaming up with Norwegian munitions giant Nammo—the firm will provide the warhead for Heaviside’s […]
When we said that “a certain El Segundo-based company is doing very well on the whole Drone Dominance Program (DDP) front,” we might’ve undersold it—that certain company is doing very well on all fronts. Yesterday, the FPV phenoms at Neros announced that they raised $250M in a funding round co-led by Sequoia and American Strategic […]
Here we were thinking that defense tech’s exit era would look like giant primes buying up smaller startups. Turns out we were wrong—at least for now. Yesterday, electric aviation hotshot (and Anduril BFF) Archer Aviation announced that it would acquire three of Boeing’s autonomous flight subsidiaries—Wisk, SkyGrid and Insitu—giving the prime a 20 percent stake […]
DFJ Growth led the round, with participation from Lux, Accel, Lakestar, Never Lift, Ora Global, and Elad Gil.
So long, unsexy side of defense. The whole supply chain thing is getting sexier and sexier by the day. This morning, a new startup called Atlas Motion emerged from stealth with $11.5M in funding led by Greycroft to build motors and actuators for drones, robotics, and other defense platforms. If you’re sitting there like, okay, […]
“This really enables us to do is massively expand our footprint and capabilities,” CEO Chris Power said.
Pew, pew baby. It’s time to talk about lasers again. This morning, directed energy weapons startup Aurelius announced that it’s raised a $40M Series A to scale up production of its flagship Archimedes laser c-UAS platform. “We will use this to…expand our capacity to produce systems, build out our team, [and] build out manufacturing and […]
Lock in, kids. We’re playing with rocks today. Yesterday, AI-powered mining and refining company Mariana Minerals announced that it’s raised a $310M Series B led by Khosla Ventures, bringing total funding to about $400M. Mariana CEO and co-founder Turner Caldwell told Tectonic that they’ll use the funding to scale up their current mining operations—Copper One […]
The nuclear startup world is going, well, nuclear. Yesterday, El Segundo-based Valar Atomics announced a whopping $1B Series B led by Sequoia Capital. The raise comes hot on the heels of the three-year-old startup’s microreactor hitting criticality (when a nuclear chain reaction becomes self-sustaining) in the Department of Energy’s Reactor Pilot Program, a partnership with […]
The loan is designed to “establish high-volume domestic manufacturing capacity for critical drone components.”
