Defense tech isn’t all drone swarms and software. Sometimes the basic, unsexy stuff is the most important, especially when you live on the doorstep of Europe’s largest land war since WWII. Yesterday, SWEBAL, a Swedish startup founded by a fintech entrepreneur (totally normal career path), announced that it raised €30M to change the way Europe […]
Another day, another defense tech funding round. Yesterday, Darkhive announced that it’s raised $30M in a Series B funding round led by RTX Ventures to deliver on the $49.7M APFIT contract—the program’s highest single award to date—that the San Antonio-based startup won in December and went public with in March. Hive hype: Founded in 2021, […]
Strap in, folks. It’s time to get into the nuts and bolts. On Monday, CA-based silicon photonic optical gyroscope (we’ll get to that) company Anello Photonics announced that it’s raised a cool $25M Series B-2 round led by MESH. New investor Washington Harbour Partners also joined the round, along with existing investors Lockheed Martin Ventures, […]
Well, New Mexico is turning out to be the land of enchantment—at least for a few lucky deep tech firms. This morning, a new NM–based company, Tierra Adentro Growth (TAG) Capital (say that five times fast, nerds), announced in an exclusive interview with Tectonic that it has raised a $100M deep tech infrastructure fund focused […]
If anyone thought the collective spending spree on defense tech was coming to an end any time soon, think again. Over the weekend, Bloomberg reported that Founders Fund—the 21-year-old VC firm co-founded by Peter Thiel—raised its fourth and largest fund to date: A $6B fund dedicated to later-stage companies, including another big bet on Anduril, […]
We all know autonomy is all the rage right now, but Scout AI is taking it to the next level. Yesterday, the California-based startup announced a $100M Series A co-led by Align Ventures and Draper Associates to, put simply, build the AI brain for the future of autonomous warfare. For those keeping score at home, […]
Firestorm is, well, on fire. The San Diego-based 3D-printed drone startup announced today that it’s raised an $82M Series B led by Washington Harbour Partners to scale production of its xCell containerized drone microfactories, “facilitate execution of contracts, and expand into a number of states around the country,” CEO Dan Magy told Tectonic. Looks like […]
As we all know, there’s a whole lot of private capital going into defense these days, but, as it turns out, there’s a big appetite in the public markets, too. California-based drone-maker Aevex ($AVEX) went public on the NYSE on April 17th, valuing the company at $2.57B after shares jumped 15 percent in their debut […]
There’s a lot of hype around both building drones and, if you’ve been keeping up with Tectonic, making them super autonomous, but SkyfireAI is more focused on building the software around existing drones to make them easier for pilots to use. That’s been a popular selling point with a lot of public safety agencies, and […]
Looks like no one’s found the shut-off valve on the defense tech funding tap just yet. This morning, in an exclusive release to Tectonic, New York-based VC Nomi Capital announced that it raised a $50M Fund I that it will deploy into later-stage defense tech startups this year, with over $20M of that already allocated […]
