Are you feeling the reindustrialize vibes yet? Well, you should, because defense and automotive manufacturing startup Divergent just closed a $290M Series E at a $2.3B valuation. The company already has some big-time manufacturing contracts with the primes, but Divergent is setting its sights on scaling with the defense tech newcomers now, too. Behind the […]
What if we told you that there was a network of top former national security officials, SOCOM veterans, and Silicon Valley operators that has been operating in the shadows since 2021, quietly funding some of the biggest startups in the defense tech scene? And what if we told you that they’re not looking to cash […]
Well, looks like everybody really is getting into the defense tech VC game. Yesterday, at the US Army Demand Signal Forum in DC, SecArmy Dan Driscoll officially unveiled a new innovation program called Fuze, designed to better scale commercial products from prototypes to programs of record. Driscoll (a former VC and investment banker himself) said […]
If you thought we were done with European defense, think again. In a plot twist few expected, German defense behemoth Rheinmetall is getting into the shipbuilding game. Yesterday, the company announced that it’s snapping up Naval Vessels Lürssen (NVL), the military division of the Lürssen Group (which also builds fancy yachts). This comes just a […]
Well, things certainly haven’t calmed down after a barrage of Russian drones flew deep into Polish airspace last week. Over the weekend, Romania became the second NATO member to ring the alarm bells and scramble jets after a Russian drone was detected and intercepted near the border with Ukraine. Romania’s defense minister called the incursion […]
Well, we hope everyone has had a few decent nights’ sleep since DSEI wrapped on Friday and that our friends in London are enjoying the return of the Tube. (If you don’t understand why this is such a big deal, bless you.) With the weekend behind us (and Trump planned to hop across the pond […]
We can all breathe a sigh of relief (for now). The NDAA is through the House. Everyone’s favorite must-pass bill, which predictably got a whole lot more culture-war-y after it left the House Armed Services Committee, passed the chamber in a narrow (by NDAA standards) party-line 231-196 vote yesterday. Whether the Senate passes its version […]
We’ve brought you a lot of European news out of DSEI this week, so we thought on this lovely Friday, we’d take a quick hop over to the Indo-Pacific. Yesterday, Shield AI announced that they’ve signed a teaming agreement with Taiwanese defense prime Aerospace Industrial Development Corporation (AIDC). The two companies say they will work […]
The mash-ups continue during DSEI week. Yesterday, Estonia-based missile startup Frankenburg Technologies announced that it’s teamed up with NiDAR c-UAS and surveillance company MARSS to integrate Frankenburg’s missiles into MARSS’ C4 platform. The goal, according to the two companies, is to build a “layered defence solution that combines affordability, scalability, and cutting-edge AI to protect […]
Palantir can’t be stopped. On Wednesday, the defense and intelligence software giant with a $395B market cap won a contract to provide “all Marines—from tactical units within the Fleet Marine Force (FMF) to the Supporting Establishment—with access to [Palantir’s Maven Smart System],” the Marine Corps announced. Add this to the company’s $10B Army contract, and […]
