Maritime autonomy on the surface has had its time in the sun—a startup out of this year’s Y Combinator class is taking the hype underwater. In an exclusive release to Tectonic, Albacore, a Philadelphia-based startup making long-range unmanned underwater vehicles (UUVs), announced it has raised a $6.5M seed round led by Outlander VC with participation […]
Well, the defense tech money tap isn’t showing any signs of shutting off. On Friday, defense acquisition and sustainment software company Govini reported some pretty eye-watering numbers: They’ve officially raised $150M in new funding and reported $100M in annual recurring revenue (ARR) this fiscal year at a valuation of over $1B. Looks like the defense […]
Remember when we said maritime autonomy is all the rage? Well, some heavy-hitting investors have just proved our point. Yesterday, USV company HavocAI announced that they’ve raised $85M in new capital from B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners—all new investors. Scout Ventures and […]
Remember when we said it had been a big week for Forterra? Well, it just got bigger. This morning, the ground autonomy company announced in an exclusive release to Tectonic that they have fully acquired networking and secure comms company goTenna for an undisclosed amount. “By integrating goTenna technology into our platform, we’re improving user […]
The much-anticipated defense tech rollup era is in full swing, even on the other side of the pond. This morning, German defense tech darling Helsing, one of Europe’s most valuable startups, announced that it has acquired Blue Ocean, an Australian underwater drone company, to accelerate the development of its unmanned underwater vehicle (UUV) program. Looks […]
Well, it seems the DoD, sorry, DoW, has really gotten a taste for critical minerals. Yesterday, Australian-American mining company Nova Minerals ($NVA) announced that it’s scored a $43.4M investment from the Pentagon to build out a production plant for a critical mineral called antimony in Alaska. The funding was awarded under the Defense Production Act […]
Two Firehawk stories in a week? We promise we’re not hawking Firehawk (bada bing), but the 3D-printed propellant and hybrid and solid rocket motor startup is kinda on fire. On Wednesday, Firehawk announced a $60M Series C funding round, led by 1789 Capital with participation from Presto Tech Horizons—a joint venture between Czech VC Presto […]
Rune is on quite a run. On Wednesday, the military logistics and sustainment software company announced it won a Cooperative Research and Development Agreement (CRADA) with the Army, partnered with the Marine Corps Warfighting Laboratory, and secured investment from In-Q-Tel. No mid-week slump here. Sustainment star: Rune, which raised a $24M Series A back in […]
Once upon a time, the big primes didn’t pay much attention to the lowly startup scene. Now, things have seriously changed, as evidenced by this morning’s announcement from Picogrid. As of today, the integration startup is officially partnering with Northrop Grumman to integrate Picogrid’s Legion software into Northrop’s AiON counter-drone command-and-control (C2) platform. Friends in […]
Well, for anyone who thought that we’d have a chill autumn here in defense tech world, sorry. The money moves continue. This morning, autonomy software company Auterion announced that they’ve raised a $130M Series B led by Bessemer Ventures, with participation from existing investors Lakestar, Mosaic Ventures, and Costanoa Ventures. The company says it will […]
