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…
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
In one year, Shield AI’s value has leaped 140%. This after it won a contract to be the software provider to Anduril’s Fury fighter jet for the U.S. Air Force.
Nominal provides hardware testing equipment to defense tech companies. Founders Fund led the preemptive deal.
Terra Industries, the African defense company, announced Monday that it had secured an additional $22 million in funding to further expand the business.
The round was led by FPV Ventures co-founder and managing partner Wesley Chan.
French defense tech company Harmattan AI 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.
The 25-year-old firm is an early investor in Anduril, Applied Intuition and Runway AI.