Turns out that a whole lot of global instability is blowing the IPO window wide open for defense companies, and Lyntris is striking while the iron’s hot. The private-equity-backed, Virginia-based defense sensing software and hardware company went public on the NYSE yesterday, raising roughly $300M in a downsized IPO and joining a string of defense […]
Well, sounds like at least one service is getting serious about the whole distributed and contested logistics side of things. Yesterday, heavy-lift drone company Elroy Air announced that it’s won a $46M multi-year contract with the US Army for “the development of an autonomous hybrid-electric vertical take-off and landing (VTOL) uncrewed aircraft system for modular […]
Silent Ventures’ early-stage bets include Saronic, Castelion, Hadrian, AMCA, Armada, CHAOS, and Firestorm.
Just as we’re starting to gear up for the Tectonic European Defense Summit this winter (teaser, hehe), it looks like everyone and their mom is making bets on the Old Continent. This morning, USV giant Saildrone announced that they’re officially expanding their presence in Europe with a new, larger Copenhagen office and production in the […]
Maybe the AI bubble isn’t popping just yet—at least not here in defense tech land.
We don’t have to tell you the interceptor shortage is very real and very dire, but much of this discussion focuses on Group 3 (i.e., Shahed-type) UAS threats. Russia and Iran certainly have used smaller, cheaper drones en masse, but a lot of the real damage—in Iran’s case—inflicted on US bases in the Middle East […]
The award comes just a few weeks after NODA won a $10M contract to develop and integrate its orchestration system with LUCAS.
Terra is “on track to record over $100M in contract bookings and eight figures in revenue” this year.
Critical minerals really are so hot right now. Yesterday, AI-and-autonomy-for-critical-minerals-processing startup Riven emerged from stealth with a cool $7.9 pre-seed led by Cerberus Ventures, with participation from Scout Ventures, Alumni Ventures, Lightscape Partners, CLAI, and New System Ventures. The company says it will use the funding to majorly scale up the team and build out […]
