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Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract…
Mach Industries, the three-year-old defense tech startup run by 22-year-old founder and CEO Ethan Thornton, has raised a $300 million Series C at a $1.8 billion valuation, the company announced on Monday. The raise nearly quadruples the valuation of the company in a year. In June 2025, Mach raised $100 million at a $470 million…
Three-year-old Mach Industries has acquired solid rocket motor startup Exquadrum in a $50 million cash-and-equity deal, the Huntington Beach-based defense startup tells TechCrunch. Exquadrum — now rebranded as Mach Energetics — has been fully folded into Mach’s operations, giving it direct control over one of the most important, and constrained, components in modern unmanned systems….
Five-year-old European military drone startup Helsing is reportedly close to raising a new $1.2 billion round at about an $18 billion valuation. The round is expected to be led by Dragoneer and co-led by existing Helsing investor Lightspeed, the Financial Times reported. Helsing last raised just under a year ago, in June 2025, in a…
Just one month after raising $11.75 million in a round led by Joe Lonsdale’s 8VC, African defensetech Terra Industries announced that it’s raised an additional $22 million in funding, led by Lux Capital. Nathan Nwachuku, 22, and Maxwell Maduka, 24, launched Terra Industries in 2024 to design infrastructure and autonomous systems to help African nations…
French defense tech company Harmattan AI is rising almost as fast as the supersonic planes of its new backer. Founded in 2024, the company is now valued at $1.4 billion after raising a $200 million Series B round led by Dassault Aviation, which is best known for making the Rafale fighter jet. Harmattan AI, which…
Firefly Aerospace on Sunday said it had agreed to buy defense analytics firm SciTec for about $855 million in cash and stock, paving the path to its goal of becoming a significant player in the national security market. Firefly will pay around $300 million in cash and $555 million in new shares, and the deal…
Two years after securing $1 billion in commitments from over 20 countries, the NATO Innovation Fund (NIF) is entering a new chapter, marked by the arrival of two new partners and the departure of its penultimate founding team partner. In a context of increased military spending across NATO members, investment in dual-use technology has skyrocketed…
Silicon Valley is doubling down on defense as geopolitical tensions rise and appetite for modernizing warfare grows. And while many of the startups garnering large valuations are focused on hardware and weaponry — think Anduril, Shield AI, and Skydio — Rune Technologies wants to tackle AI-enabled software for military logistics. “The U.S. military runs on…
Defense tech has gone from a no-go zone for VCs to a hot investment sector. However, dual use — meaning that the technology must also have civilian applications — is still a requirement for most of them, including the NATO Innovation Fund. Estonian VC firm Darkstar breaks from this trend by investing in purely military…