funding
295 articles tagged
Cambridge Aerospace secures UK MoD contract for Skyhammer kinetic interceptor while closing $136M funding round at ~$1B valuation, though technical claims remain unverified.
Destinus closes €200M pre-IPO at >€5B valuation, forms 51-49 JV with Rheinmetall for cruise missiles, integrates Shield AI Hivemind autonomy on Hornet interceptor.
Pentagon's FY2027 budget request allocates $63B to drone/unmanned tech—a 6x surge targeting 200,000+ autonomous systems across domains, signaling a structural shift in procurement doctrine.
Lockheed Martin's $25M investment in Fortem Technologies signals prime contractors are shifting to ecosystem acquisition over organic C-UAS development.
NATO Innovation Fund co-leads TYTAN Technologies' €30M Series A for AI-powered drone interceptors, targeting 3,000 units/month production by end-2026 across Germany and Ukraine.
DeepOcean's 2024 revenue hit $852M (+36% YoY) with EBITDA margins expanding 630bps, signaling autonomous subsea inspection and remote operations are now commercially viable amid North Sea infrastructure security threats.
Pentagon explores equity stakes in U.S. drone makers to close production gaps and hit $5K unit costs under $1.1B Drone Dominance program.
TEKEVER reaches $1B+ valuation with 1,200 employees and aggressive 2026 expansion across France, US, and New Zealand, but manufacturing execution at Cahors facility is the real test.
Helsing, Europe's $18B defense AI startup, is building loitering munitions, combat aircraft, and enterprise software simultaneously. Execution risk is high despite strong capital and government contracts.
Saronic Technologies has raised $2.58B in four years and secured a $392M Navy production contract for autonomous surface vessels, but faces its critical test: delivering at scale with zero verified operational deployments.