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Salesforce has agreed to acquire Rune Technologies, a startup that builds AI software to help the U.S. military predict supply needs and manage logistics from the field, for $375 million in cash and stock, Resilience Media reported. The acquisition underscores Salesforce’s push into defense tech through Missionforce, its business unit serving national security and defense…
Defense tech company Anduril is said to be raising a new round of capital that may push its valuation up by a whopping $40 billion to about $100 billion, Reuters reported, citing anonymous sources. The company, which raised $5 billion in May at a $61 billion valuation — itself roughly double the $30.5 billion valuation…
Ethan Thornton dropped out of MIT at 19 to build weapons. The first one, a hydrogen-powered system he prototyped with parts from Home Depot and Amazon, didn’t work out — “hydrogen was just a bad bet in general,” he told me this past week at TechCrunch’s StrictlyVC event in Los Angeles. Three years later, his…
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…