Well, seems the Europeans are getting super serious about investing in their defense. Yesterday, Sifted reported that Earlybird Ventures is teaming up with Paris-based AVP (the artist formerly known as AXA Venture Partners) to raise a €500M fund focused on defense. The reported raise comes just a few weeks after Earlybird announced that it’s closed […]
Clearly, being on both Army Next-Gen Command and Control (NGC2) prototyping teams isn’t enough for Rune. Yesterday, the AI-powered logistics and sustainment startup announced that it was tapped for the Marine Corps’ Project Dynamis, the service’s push to accelerate the modernization of its C2 contribution to the Pentagon-wide Combined Joint All-Domain C2 (CJADC2) within the […]
It’s been a busy week for Redwire. On Tuesday, the space and defense giant announced a “multi-year contract valued at high eight-figures” with an undisclosed NATO country for its Penguin Mk3 VTOL UAS, and followed that up yesterday with a $15M contract with the US Army’s Aviation Center of Excellence (AVCOE) for its ISR-focused Stalker […]
Compute is, like, so hot right now. Yesterday, teeny-tiny startup Anduril (they’ve had like, no news lately) unveiled the Voyager Gateway 1, a new “rugged, body-worn compute and communications system designed to fit within an operator’s kit.” The idea is to bring compute allll the way to the front without the heat and discomfort of […]
Manufacturing is, like, hotter than hot right now. This morning, the Advanced Manufacturing Company of America, better known as Amca, raked in some serious reindustrialize-flavored cash, announcing a $300M Series B at an over $1B valuation. Caffeinated Capital led the round, with Lightspeed, a16z, Lux Capital, and Construct Capital participating. Networking: A lot of new-age […]
It’s not every day that a CEO buys a company older than they are, but welcome to the new age of defense tech. Yesterday, Mach Industries, founded in 2022 by now-22-year-old CEO Ethan Thornton, revealed that it acquired 24-year-old propulsion system and solid rocket motor-maker Exquadrum in a $50M deal back in April. The acquisition […]
Well, a drone with the same name as some dude you hung out with in college is getting a buzzy upgrade. Yesterday, autonomy giant Shield AI announced that it’s been tapped by the Office of the Under Secretary of War for Research and Engineering (OUSW R&E) to build its Hivemind autonomy software onto LUCAS—the Low-Cost […]
Well, looks like the Pentagon is getting super-serious about c-UAS, what with everything happening in the Middle East. Late yesterday, Joint Interagency Task Force 401 (JIATF 401) announced that it’s awarded a $500M IDIQ to Perennial Autonomy—the super-secret startup reportedly launched by former Google CEO Eric Schmidt—to provide “enterprise-wide counter-unmanned aerial system operations.” The company—which […]
Mega-giant data centers, in case you hadn’t noticed, are popping up everywhere these days. But edge computing startup Armada isn’t interested in the supersizing of it all—they want to shrink data centers down and take them to all the far-flung places where the military needs extra processing power. And it seems like the people with […]
Our friends across the pond are pretty big on building up sovereign defense capabilities these days, and Rheinmetall has moved at lightning speed to snap up the lion’s share of that European military spending boom. Today, the German defense giant and Dutch drone startup Destinus unveiled a new, co-produced long-range deep-strike cruise missile called the […]
