If you thought we were done with European defense, think again. In a plot twist few expected, German defense behemoth Rheinmetall is getting into the shipbuilding game. Yesterday, the company announced that it’s snapping up Naval Vessels Lürssen (NVL), the military division of the Lürssen Group (which also builds fancy yachts). This comes just a […]
With the Defence and Security Equipment International (DSEI) trade show kicking off in London, we all knew it would be a big week for European defense tech. On Monday, German drone startup Quantum Systems got the ball rolling by announcing a €50M investment in the UK over the next five years. That’s the tea. Quantum […]
Well, it’s shaping up to be quite the week in European defense. This morning, “defense-as-a-service” company Tiberius Aerospace announced in an exclusive release to Tectonic that it has raised a $4.5M founders’ round, backed by Never Lift Ventures, Blacklake, firedrop VC, Beaten Zone Ventures, and other strategic investors. Just last week, the company also announced […]
Everyone loves a good competition, and NATO DIANA just dropped its latest leaderboard. On Thursday, the alliance’s defense tech accelerator announced the 15 winners of their 2025 pitch competition. The companies span ten countries and a range of sectors, and NATO’s betting that they’re just what the alliance needs to accelerate into the future. From […]
There are a lot of startups out there making autonomous speedboats and small surface vehicles, but Blue Water Autonomy is thinking bigger: The newly launched maritime autonomy company is going all in on a 150-foot autonomous warship. And it seems like investors like the idea. On Tuesday, just four months after emerging from stealth, the […]
In case you haven’t heard (we know you have), quantum computing is the next hot thing. And New Mexico and Roadrunner Venture Studios are getting in on the trend. Yesterday, the venture studio announced that it will lead a $25M initiative backed by the New Mexico Economic Development Department to build a quantum campus in […]
Things are heating up in Europe, y’all. Yesterday, Bloomberg reported that German drone company Stark is in talks to raise $60M at a $500M valuation, led by US-based mega-VC Sequoia Capital. A company spokesperson confirmed the raise to Tectonic. Other funds in talks to join the round include 8VC, Thiel Capital, the NATO Innovation Fund, […]
Well, solid rocket motors (SRMs) are certainly having a moment. Yesterday afternoon, SRM production startup X-Bow Systems announced a $13.9M joint investment with the US Army to “design, prototype, and test an advanced manufactured SRM for the standard-range Guided Multiple Launch Rocket System (GMLRS),” which is produced by Lockheed Martin. The joint investment is facilitated […]
If you’re worried about money in defense tech drying up, well, don’t worry quite yet. Today, in an exclusive release to Tectonic, VC firm Veteran Ventures Capital, which focuses on veteran-run dual-use startups, announced it has closed an oversubscribed $60M Fund II, tripling the size of its first fund. Big trust: Veteran Ventures was founded […]
Merlin the magician had a few tricks up his sleeve, but Merlin Labs just made an $800M pre-money valuation appear. On Thursday, the Boston-based aviation autonomy startup announced plans to go public next year through a Special Purpose Acquisition Company (SPAC) led by Inflection Point Asset Management. The deal, which is expected to close in […]
