Well, we’re running with a bit of a theme today. Can someone let us know why everyone is raising pretty much the exact same amount of money on the exact same day? Yesterday, German interceptor hotshot TYTAN announced that it’s raised a €30M Series A led by Armira and NATO Innovation Fund (NIF), with support […]
If there’s one thing sharing a border with Russia has taught the Baltics in the past few years, it’s that drone defense is pretty damn important. Luckily, a crop of high-octane startups is rushing to meet the moment, and securing some serious cash to get there. Yesterday, Estonian interceptor startup Frankenburg Technologies announced a €30M […]
Say it louder for the people in the back: Welcome to the golden era of defense tech’s picks and shovels. This morning, Chariot Defense—which builds new-age power systems for, well, defense—announced that they’ve raised a $34M Series A led by Andreesen Horowitz (a16z), with participation from DCVC, LMNT, Marlinspike, Overmatch, Shield Capital, Ensemble, and Trenches […]
Anduril sure has a knack for making friends. Yesterday, defense and transportation-focused startup Shift5 announced that they’re joining Anduril’s Next Generation Command and Control (NGC2) prototyping effort to bring its predictive maintenance magic to the Army’s 4th Infantry Division’s vehicles. Race to integrate: We’ve covered the Army’s NGC2 program a lot, so we’ll keep it […]
Defense tech isn’t all drone swarms and software. Sometimes the basic stuff is the most important. Today, in an exclusive release to Tectonic, Texas-based energetic material startup Critical Materials Group (CMG) emerged from stealth to solve an old problem with new tech: Making more of the stuff that makes things go boom, starting with C-4, […]
Move over, drones. This week is all about the science fiction-y stuff (well, at least for now). Yesterday, connectivity company (and Google spinout) Aalyria announced that it’s raised a $100M Series B at a whopping $1.3B valuation led by Battery Ventures and J2 Ventures, with participation from DYNE and others. Aalyria CEO Chris Taylor told […]
Quantum Systems is officially entering the ground autonomy game, baby. Earlier today, German autonomy hotshot Quantum Systems introduced MANDRILL, its first unmanned ground vehicle (UGV), at the Enforce Tac trade show in Nuremberg. The $3.5B startup, better known for its aerial drones, called it the first in a line of UGVs designed to work with […]
Our friends in Europe are having quite the start to the week. In case you missed it: On Friday, leaders of the European Group of Five (E5)—Europe’s five biggest defense powers—announced from Krakow that they’re banding together to beef up low-cost air defense. The new “multi-million euro” project—known as the Low-Cost Effectors & Autonomous Platforms’ […]
Looks like someone wants to unleash drone dominance. Yesterday, the FPV phenoms from El Segundo turned things up a notch big-time with Project Millennium: A new 250,000-square-foot factory down the road in Torrance, CA, where they’ll ramp up production of their Archer drones to a million a year. If you were wondering what they were […]
We’re back to the nuts and bolts, baby. Yesterday, Code Metal, a “code [translator] for mission critical industries” (we’ll explain, dw) announced that it’s raised a $125M Series B led by Salesforce Ventures with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others. This latest round brings the […]
