Turns out the European defense tech companies are making money moves, too. This morning, “next-generation defense prime” Harmattan AI announced in an exclusive release to Tectonic that they’ve secured a more than $10M (double-digit millions) contract from a “large NATO country” to deliver AI-enabled small drones. Though Harmattan was scant with details on the contract, […]
If we’ve learned anything from the budget and reconciliation drama of the past few weeks, it’s that the way money moves around Washington is, like, extraordinarily complicated. Between the congressional infighting, creative allocation maneuvers (looking at you, BBB), and the missing details, things can get confusing real quick. Well, the good news is, looks like […]
Young money: Last Wednesday, California-based defense start-up Mach Industries made a hell of an announcement: they raised a $100M Series B led by Sequoia Capital and Khosla Ventures at a $470M valuation. Impressive stuff, but even more impressive when you consider that the company was founded just two years ago by Ethan Thornton, a now-21-year-old […]
Once upon a time (last Friday), before the US had struck Iran and sent us all into an X-fuelled tailspin, a pretty interesting announcement came out of the tail-end of the Paris Air Show: Electra.aero (maker of the ultra-short takeoff and landing EL9 aircraft) and Lockheed Martin Skunk Works ($LMT) are teaming up. According to […]
