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.