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 […]
If you’re a regular reader of Tectonic, you’ll know that the US has a bit of an energetics problem. Luckily, one organization is setting out to try and fix that. Earlier this week, ACMI Federal (part of the American Center for Manufacturing & Innovation) announced that it’s won $50M from the Naval Surface Warfare Center, […]
The drone dollars keep on coming. Yesterday, California-based drone hotshot Skydio announced a $110M Series F, boosting its valuation from $2.5B after its 2024 Series E extension to an eye-watering $4.4B. The raise comes exactly a month after the company snagged a $52M US Army contract for 2,500 of its X10D small-UAS—the largest sUAS order […]
Looks like the big dogs are finally realizing that a lot of the tech they need might very well be sitting right here in startup land. Yesterday, up-and-coming defense company Lockheed Martin announced a $25M investment into Utah-based counter-drone startup Fortem Technologies, a sum that represents, according to the prime, “the initial tranche of Fortem’s […]
Welp, the cash money just keeps on flowing. Yesterday, aviation autonomy company Reliable Robotics announced that it’s raised a cool, cool $160M to “accelerate deployment and scale production of the Reliable Autonomy System (RAS).” That’s their flight autonomy stack that basically takes any plane and makes it a drone. The round was led by Nimble […]
Strap on your life jackets, kids. We’re headed out to sea. Yesterday, “ocean company” (we’ll explain) Ulysses announced that it’s raised a $38M Series A led by Andreessen Horowitz’s (a16z) American Dynamism fund, with participation from Booz Allen Ventures and Harpoon Ventures, bringing total funding to $46M (with an earlier, unannounced $8M seed). The startup—which […]
Turns out an old dog can, in fact, learn new tricks. Yesterday, mom-and-pop shop Lockheed Martin announced that it’s boosting its venture fund (aptly named Lockheed Martin Ventures) from $400M to a cool $1B, marking “the largest boost in investment since the fund was established in 2007.” The prime says it will use the funds […]
Advanced manufacturing might be all the rage in 2026, but (yet another!) startup out of El Segundo has a different take on it. Late last week Hybron—an advanced composite manufacturing startup producing carbon fiber components to replace steel and other raw materials in everything from jet engine blades to 155mm shells—announced that it’s raised a […]
