In a significant advancement for defense technology, 1st Edge, a prominent small business provider to the Department of Defense, has been awarded a substantial $35.8 million Other Transaction Authority (OTA) contract by the U.S. Army Space and Missile Defense Command (SMDC). This three-year initiative will focus on developing pioneering artificial intelligence and machine learning (AI/ML)…
Italian startup Involve, a pioneering force in stratospheric balloon technology, has successfully closed a €2.5 million Seed funding round. This significant investment follows the company’s impressive track record of 30 commercial launches and rigorous testing of its innovative technology. Involve specializes in advanced stratospheric pseudo-satellite platforms, combined with cutting-edge software to deliver real-time, high-resolution data….
Athena Security, a pioneer in concealed weapons detection systems, has successfully completed a $10 million seed funding round. This substantial investment was spearheaded by the company’s founders, Lisa Falzone and Chris Ciabarra, reflecting their strong belief in the company’s innovative technology and the increasing demand for sophisticated security solutions. Chris Ciabarra, CTO and co-founder of…
Saronic, a leader in autonomous surface vessel (ASV) technology, has secured a massive $175 million Series B funding round, propelling the company to a coveted unicorn status with a valuation of $1 billion. This investment, led by Andreessen Horowitz (a16z), will fuel Saronic’s mission to revolutionize naval warfare with its next-generation unmanned technology. Saronic’s ASVs,…
Helsing, a pioneering defence AI company based in Munich, has set a new milestone with a monumental €450 million funding round. General Catalyst led this Series C financing, underscoring Helsing’s pivotal role in advancing AI-driven solutions for national security. Strategic investors including Saab, Elad Gil, Accel, Lightspeed, Plural, and Greenoaks also participated, reflecting strong industry…
Granta Autonomy, a pioneering startup specializing in autonomous UAVs for intelligence, surveillance, and reconnaissance (ISR) missions, has announced the successful completion of a €1 million seed funding round. Led by ScaleWolf VC, a prominent Lithuanian dual-use tech VC Fund, the funding round also saw participation from Brolis Defence and HFL Holdings. This capital infusion will…
X-Bow Systems Inc. (X-Bow), a pioneering force in advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, announced today the successful completion of its Series B financing round, raising in excess of $70 million. This significant capital infusion, led by National Security technology-focused firm Razor’s Edge, alongside contributions from Lockheed Martin Ventures, Boeing Ventures, Crosslink…
ZeroEyes, a pioneer in AI-based gun detection technology, has announced a major milestone with the successful closure of its oversubscribed Series B funding round, raising over $53 million. Leading the investment was Sorenson Capital, joined by Intel Capital, BroadLight Capital, and existing investors, signaling robust support for ZeroEyes’ mission to advance public safety through innovative…
