Manufacturing is so back, baby. Well, at least if AI and defense are involved. Yesterday, UK-based advanced manufacturing startup Isembard announced it has raised a $50M Series A round led by Union Square Ventures to accelerate its plan to open 25 factories by the end of the year. CEO Alexander Fitzgerald told Tectonic that most […]
If anyone thought the defense tech hype train was slowing down, think again. This morning, Austin-based fund Scout Ventures announced that it’s closed a $125M Fund V to invest in tech companies that are building “artificial intelligence, autonomous systems, space infrastructure, cyber, quantum, and advanced power technologies.” The new fund brings total funding raised by […]
We’re sensing that things are just starting to heat up on the drone detection front, and investors are, too. This morning, Israeli-American radio frequency (RF) sensing startup R2 Wireless announced in an exclusive release to Tectonic that it raised $5M in a funding round led by Origin Ventures, with participation from Spring Rock Capital, Corner […]
After a quiet few years, it looks like our friendly neighbors up north are diving headfirst into defense tech. Hot off a $15.2M ($21M CAD) seed round in January, Canadian defense tech startup Dominion Dynamics kicked things up a notch late last week, announcing plans to invest $37M ($50M CAD) to kickstart development of Scout, […]
Remember on Friday when we said that the Americans were coming? Well, turns out the Europeans are coming, too. This morning, FPV hotshot Orqa announced in an exclusive release to Tectonic that it’s raised a €12.7M ($14.7M) Series A led by Expeditions and signed a teaming agreement with Texas-based Red River Army Depot to expand […]
Welp, the Anduril mafia and Nominal are making things super-extra-official. Yesterday, the testing startup announced that it’s raised a whopping $80M “acceleration round” (their term) led by Founders Fund, valuing the company at $1B. Nominal co-founder Bryce Strauss told Tectonic that the cash money will be used to double the size of their team and […]
The state of the UNION is growing. (Bada-bing!!) Yesterday, Texas-based software-defined factory startup UNION announced a partnership with Hanwha Defense USA, the US arm of the South Korean mega-prime, to speed up production of 155mm shells. Hegseth may be saying the US has plenty of munitions—but sounds like UNION’s betting we’ll want even more. Rippin’ […]
The Hacking for Defense Empire is expanding—and this time, to continental Europe. This morning, the Common Mission Project (CMP) announced in an exclusive release to Tectonic that they’re officially launching the Hacking for Defense (H4D) academic program in Germany in partnership with the University of the Bundeswehr (UniBwM). The program—founded by Pete Newell, Steve Blank, […]
If you thought we were done with the partnership news, well, think again. The mash-ups continue, baby. This morning, robotics startup Crow Industries and Parry Labs announced in an exclusive release to Tectonic that they’re teaming up to build Parry’s edge compute and autonomy stack onto Crow’s Fenris UGV. “We were both finalists in the […]
Remember all those videos of Ukrainian sea drones taking out Russia’s Black Sea Fleet? Well, UFORCE, the company making those USVs and a whole range of unmanned systems, officially emerged from stealth today with a $1B+ valuation after raising over $50M from a transatlantic team led by Shield Capital and Lakestar. Good news for all […]
