Investment

Valar Atomics Raises $1B Series B Led by Sequoia 

The nuclear startup world is going, well, nuclear.  Yesterday, El Segundo-based Valar Atomics announced a whopping $1B Series B led by Sequoia Capital. The raise comes hot on the heels of the three-year-old startup’s microreactor hitting criticality (when a nuclear chain reaction becomes self-sustaining) in the Department of Energy’s Reactor Pilot Program, a partnership with […]

Barratt Dewey
Investment

Leonardo Buys Raft in $450M Deal

Watch out, y’all. The Europeans are coming for your defense tech startups.  Leonardo DRS, the US subsidiary of Italian defense giant Leonardo, announced yesterday that it’s snapped up Virginia-based data fusion and AI defense software company Raft in an all-cash deal valued at $450M. The deal, according to Leonardo DRS CEO John Baylouny, “adds proven […]

Investment

FPF Defense Raises $10M for Interceptors

If you thought you’d seen the last of the new-and-shiny interceptor companies, think again. Late last week, FPF Defense—a new cUAS company founded by former Acting Secretary of Defense and Director of the US National Counterterrorism Center Chris Miller—announced that it’s scored a “strategic investment” co-led by RSE Ventures and Ondas Inc.  Miller told Tectonic […]

Investment

Exclusive: Underwater Sensing Startup Andrenam Raises $18M

There’s a popular saying that we know less about the ocean than space. Andrenam is on a mission to change that.  The California-based startup is building a distributed network of underwater acoustic sensors and the AI-powered software to process all of the data they collect. That fits cleanly into the whole “maritime is all the […]

Investment

Twenty Raises $30M Series B Extension from Khosla

Well, the guys over at Twenty are having quite the summer. Yesterday, just about a month after announcing their $100M Series B, the offensive cyber warfare startup announced that it’s raised yet another $30M (a Series B extension) from Khosla Ventures at a $1.2B valuation.  Founder and CEO Joe Lin told Tectonic that they’d actually […]

Investment

Exclusive: INTALUS Raises $20M for Metal-Ceramic Integration 

Gather round, kids. It’s time to get into the nuts and bolts again. So, you know how most of the tech we know and love is built out of metal? And you know how that can present some, erm, challenges, especially at super-high heats and speeds? And, also, you know how people coat that metal […]