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 […]
Well, we told you that everyone was into making things go fast these days. Yesterday, as first reported by Axios, propulsion company Ursa Major announced that they’ve landed a $34.9M contract to sell their signature Draper engines to “an undisclosed U.S. aerospace and defense company.” Coy. The company seems to see the contract as a […]
Remember when Y Combinator startups made food delivery and crypto apps? Well, how times have changed. Perseus Defense, which launched out of this year’s YC cohort, is definitely not the next DoorDash. The startup is building 15in mini-missiles capable of detecting, identifying, and destroying hostile drones. And, this morning, the team announced in an exclusive […]
We teased yesterday, but it really does seem that the export of Ukrainian defense tech across the NATO alliance is beginning to pick up speed. Yesterday, Ukrainian UAV software company Swarmer announced that it’s closed a $15M Series A led by Florida-based Broadband Capital Investments, with participation from R-G.AI, D3 Ventures, Green Flag Ventures, Radius […]
Are you feeling the reindustrialize vibes yet? Well, you should, because defense and automotive manufacturing startup Divergent just closed a $290M Series E at a $2.3B valuation. The company already has some big-time manufacturing contracts with the primes, but Divergent is setting its sights on scaling with the defense tech newcomers now, too. Behind the […]
What if we told you that there was a network of top former national security officials, SOCOM veterans, and Silicon Valley operators that has been operating in the shadows since 2021, quietly funding some of the biggest startups in the defense tech scene? And what if we told you that they’re not looking to cash […]
Well, looks like everybody really is getting into the defense tech VC game. Yesterday, at the US Army Demand Signal Forum in DC, SecArmy Dan Driscoll officially unveiled a new innovation program called Fuze, designed to better scale commercial products from prototypes to programs of record. Driscoll (a former VC and investment banker himself) said […]
