Well, the defense tech money hose isn’t looking like it’s slowing down anytime soon. On Wednesday, ground autonomy company Forterra announced a massive $238M Series C that launched its valuation over the $1B mark. The funding round—which included $50M in debt financing—was led by Moore Strategic Ventures with participation from RTX Ventures, Franklin Templeton, Hanwha […]
If there is one fund that knows how to deploy big-time cash into tech companies, it’s Bessemer Venture Partners. The Silicon Valley fund has about $19B under management, and has invested in tech giants from LinkedIn (everyone’s fav) to Shopify. This year, the fund has turned to defense—specifically, European defense. They led Auterion’s $130M Series […]
Last week, we said Neros was turning things up a notch. We might’ve jumped the gun—now they’re really turning it up. Earlier this week, the white-hot drone startup announced it closed $75M Series B. As a cherry on top, they were tapped for the US Army’s Purpose Built Attritable System (PBAS) program. Not a bad […]
Whoever thought the defense tech investment hype cycle was coming to an end, think again. Late last week, California-based VC fund MVP Ventures announced that it’s raised a $125M Fund II, nearly quadrupling its $35M Fund I. MVP Managing Partner Weston Moyer told Tectonic that about 12-15 percent of that will go to defense tech—six […]
Well, that Hegseth speech wasn’t the only good piece of defense tech news to come out at the tail end of last week. On Friday afternoon, Reuters reported that the US Army plans to buy at least a million drones in the next two to three years, and that they plan to buy 500K a […]
In case you’ve been living under a rock for the past few days, a tectonic shift is underway in the way the Pentagon does business. (Ha, ha, ha.) Over the course of his 70-minute speech to defense industry execs, military procurement officials, and others at the National War College on Friday, Secretary of Defense Pete […]
In case you missed it with, well, everything else that’s been going on, it’s been a pretty busy week in South Korea. On Tuesday, South Korean President Lee Jae Myung committed to increasing defense spending next year to 66.3T won ($46B). Then, Hegseth popped by on a two-day visit to meet with his counterpart, Defense […]
Happy Hegseth Lecture Day to all who celebrate! Everyone’s favorite new monthly tradition—SecDef Pete Hegseth gathering a bunch of super important people for a stern talking-to—is back for its November rendition, but with a bit of a twist this time. Instead of calling his audience fat, Hegseth is set to deliver an “Arsenal of Freedom” […]
Looks like Shield AI is getting serious about the whole CCA thing. Yesterday, the company announced that it’s teaming up with jet engine megalith GE Aerospace ($GE) to power its newly announced little drone fighter, X-BAT. The two companies signed a Memorandum of Understanding stating that “the F110-GE-129 engine, featuring the advanced Axisymmetric Vectoring Exhaust […]
When President Trump said, “If [NATO members] don’t pay, I’m not going to defend them,” earlier this year, his mind was clearly on Europe. That message got through and ignited a speedy and spendy military buildup on the Old Continent, sure, but one much bigger—and closer—NATO ally has stayed out of the defense spending spotlight […]
