Component manufacturing really is so hot right now. This morning, new-age manufacturing startup Volund Manufacturing announced that it’s raised a $12M seed round led by Root Ventures and Squadra to build low-cost gas turbine engines. New investor Output Capital also participated in the round, and Marlinspike, Alpha Delta Ventures, and First In returned to the […]
Turns out that a whole lot of global instability is blowing the IPO window wide open for defense companies. Applied Aerospace & Defense—a Huntsville, Alabama-based, PE-backed defense and space subsystem manufacturer—went public on the New York Stock Exchange yesterday, raising $650M in its IPO and valuing the company at $3.25B after pricing shares near the […]
We write about drones, self-guided missiles, robots, and all of the other tech taking over the battlefield of the future every day. What we write about less are the overlooked-but-critical subcomponents inside each of them. Ya know, the stuff that actually makes them work. A big part of that is because there aren’t a whole […]
Big week for robotics around here, huh? This morning, US-Israeli robotics startup Shifters announced that it’s raised a $10.2M seed round led by Ace Capital Partners, bringing total funding to $15M. Other participants in the round include Aurelius Capital Management, Corner Ventures, and Arkin Capital. The company says the money will accelerate the development of […]
A formal US-Ukraine drone deal has yet to be finalized, but that hasn’t stopped companies from inking partnerships of their own. In an exclusive release to Tectonic this morning, US-based drone company Powerus and US-Ukrainian UAV software company Swarmer announced a partnership to explore integrating Swarmer’s swarming tech with Powerus’ “air and maritime platforms, mission […]
If you’ve taken a look at the summer events calendar and are worried about how hostile drones could throw a wrench into all of the FIFA World Cup and America 250 festivities, you’re not alone. The big players in public safety are, too, and they’re making some money moves to make sure it all goes […]
It’s always a good sign when the customer comes back for more. Yesterday, ground autonomy hotshot Forterra announced that they’ve (along with prime partner Oshkosh Defense) scored a Block 2 production contract from the Marine Corps for their Remotely Operated Ground Unit for Expeditionary Fires (ROGUE-Fires) system. The award consists of two orders—134 units already […]
True to its name, Mach Industries is moving speedy quick, and investors are lining up to add fuel to the fire. A little more than a week after announcing the $50M acquisition of propulsion system and solid rocket motor-maker Exquadrum, the Huntington Beach startup announced late yesterday that it’s closed a $300M Series C co-led […]
Turns out even the primes want a factory of the future. This morning, automated manufacturing startup Deterrence announced in an exclusive release to Tectonic that they’re entering into a teaming agreement with General Dynamics Ordnance and Tactical Systems (GDOTS). Deterrence will deploy software and AI-enabled capabilities for “facility optimization, intelligent automation, and factory integration” across […]
Well, the dudes (and dudettes) in Germany are diving headfirst into the research game. This morning, German defense tech giant Helsing officially unveiled a new research division it’s calling Area 9, a pie-in-the-sky incubator for European defense tech. Think of it as the Moonshot Factory or Skunk Works, but make it European. As part of […]
