If there is one thing you take away from today’s newsletter, let it be this: Everyone and their mother is still pouring oodles (and then some more oodles) of money into defense. Yesterday, SF-based Cantos Ventures announced it closed a $70M Fund IV earlier this year, which Founder & GP Ian Rountree told Tectonic that […]
If you thought those super-precise 2D satellite images of—for example—bombed-out Iranian nuclear sites were cool, just wait ’til you hear what Vantor has in store for you today. This morning, the satellite imaging company (formerly known as Maxar Intelligence—but you should know that by now) released a new product line it’s calling WorldView 3D that […]
Looks like no one’s found the shut-off valve on the defense tech funding tap yet. Yesterday, San Diego-based early-stage VC firm Harpoon Ventures—an investor in startups ranging from Firestorm to Ursa Major and Merlin—announced that it’s closed a $155M Fund IV to, in the words of Harpoon investor Riley Loftus, back the “maniacs that are […]
Looks like the clankers (robots, for the non-internet people among us) are here to stay. Yesterday, ground autonomy startup Overland AI announced that they’ve been awarded a $20M production contract through the APFIT program to deliver autonomous ground vehicles for the Marine Corps Marine Air Defense Integrated System (MADIS). For the uninitiated, that’s the Corps’ […]
The Canadians are really making some serious money moves in defense, eh? This morning, Canadian defense tech darling Dominion Dynamics announced that it’s raised a CA$139M (US$100M) Series A led by Georgian (Canada’s largest VC). Dominion founder and CEO Eliot Pence told Tectonic that the company will use the money to scale up production of […]
Is it just us, or is the stuff we’re covering (looking at you, haptic controllers) getting more and more niche? This morning, Australian aerospace tech company MAKO (formerly known as MicroTau) announced that it’s raised AU$28M (US$20M) to scale up production of its—wait for it—“drag-reducing shark skin-inspired adhesive film for aviation,” known as Flightfilm. The […]
As we all know, there’s a whole lot of private capital going into defense these days, but more and more companies are jumping on the growing appetite in the public markets, too. On Friday, California-based heavy-lift drone startup Elroy Air announced plans to go public later this year through a Special Purpose Acquisition Company (SPAC) […]
Making your first acquisition is a big moment in any startup’s life, and Code Metal is speedrunning it. Yesterday, Code Metal announced that they’ve snapped up Signal Processing Technologies (SPT), a move that takes the three-year-old startup from simply translating high-level code and algorithms onto hardware systems into actually developing the algorithms themselves, starting with […]
In case you haven’t been paying attention, Vantor has been having quite the week across the pond. In the space of a week, the spatial intelligence company has announced a partnership with Rheinmetall to create “a European 3D information platform for spatial intelligence,” and teamed up with British prime BAE Systems to manufacture its 20 […]
Well, for all of you drone pilots out there sick of just using traditional controllers, boy, do we have some good news for you. This morning, Amsterdam-based startup Touchwaves announced in an exclusive interview with Tectonic that they’re teaming up with General Atomics to bring their wearable haptic tech to MQ-9 Reaper pilots. GA also […]
