Investment

ICYMI: Riven Emerges from Stealth

Critical minerals really are so hot right now.  Yesterday, AI-and-autonomy-for-critical-minerals-processing startup Riven emerged from stealth with a cool $7.9 pre-seed led by Cerberus Ventures, with participation from Scout Ventures, Alumni Ventures, Lightscape Partners, CLAI, and New System Ventures. The company says it will use the funding to majorly scale up the team and build out […]

Erin O'Brien
Investment

Heaviside Raises $60M at a $600M Valuation 

Welp, they’ve gone and done it again. This morning, precision munitions startup Heaviside announced that it’s raised a $60M Series B at a $600M valuation just three months after emerging from stealth with a $28M Series A. The company is also teaming up with Norwegian munitions giant Nammo—the firm will provide the warhead for Heaviside’s […]

InvestmentTech

Neros Plans Production Scale and New Products After $250M Raise

When we said that “a certain El Segundo-based company is doing very well on the whole Drone Dominance Program (DDP) front,” we might’ve undersold it—that certain company is doing very well on all fronts.  Yesterday, the FPV phenoms at Neros announced that they raised $250M in a funding round co-led by Sequoia and American Strategic […]

InvestmentTech

Archer Acquires Three Boeing Autonomous Flight Subsidiaries

Here we were thinking that defense tech’s exit era would look like giant primes buying up smaller startups. Turns out we were wrong—at least for now. Yesterday, electric aviation hotshot (and Anduril BFF) Archer Aviation announced that it would acquire three of Boeing’s autonomous flight subsidiaries—Wisk, SkyGrid and Insitu—giving the prime a 20 percent stake […]

InvestmentTech

Atlas Motion Emerges from Stealth with $11.5M in Funding

So long, unsexy side of defense. The whole supply chain thing is getting sexier and sexier by the day. This morning, a new startup called Atlas Motion emerged from stealth with $11.5M in funding led by Greycroft to build motors and actuators for drones, robotics, and other defense platforms. If you’re sitting there like, okay, […]

Investment

Aurelius Raises $40M Series A for Laser Weapons 

Pew, pew baby. It’s time to talk about lasers again. This morning, directed energy weapons startup Aurelius announced that it’s raised a $40M Series A to scale up production of its flagship Archimedes laser c-UAS platform. “We will use this to…expand our capacity to produce systems, build out our team, [and] build out manufacturing and […]

Investment

Mariana Minerals Raises $310M Series B

Lock in, kids. We’re playing with rocks today. Yesterday, AI-powered mining and refining company Mariana Minerals announced that it’s raised a $310M Series B led by Khosla Ventures, bringing total funding to about $400M. Mariana CEO and co-founder Turner Caldwell told Tectonic that they’ll use the funding to scale up their current mining operations—Copper One […]