Defense tech startups have raised almost $3 billion so far in 2024, surpassing the previous record from 2022 of $2.6 billion.
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Vatn Systems founders Nelson and Freddie Mills spent their childhood cruising over turquoise waters, doing their homework on a sailboat off the coast of Caribbean islands. While their surroundings were idyllic, their vessel of choice was decidedly not. “The first boat I remember, I think our parents bought it for like five, 10 grand,” Freddie […]
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Anduril, the defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, a 5-million-square-foot facility known as “Arsenal-1,” in Arizona, Ohio or Texas, according to someone familiar with the matter. The company, which is developing autonomous drones, planes, and submarines, had announced $1.5 billion at a $14 billion post-money valuation […]
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National interest technology can show up in a lot of ways, like in data analysis and cybersecurity, as well as satellites and weapons. Many startups with dual-use applications are increasingly looking at the government as an attractive customer due to its wide range of use cases and the amount of federal dollars available. And while […]
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The focus of the new $100 million fund, Crosscut’s sixth, will include energy and power, space and underwater exploration, advanced manufacturing, advanced materials, and security and defense.
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The war in Ukraine has shown that warfare changes by the day. It’s also clear that the tech used to make war today is costly: While larger countries can afford legions of tanks, helicopters, and precision-strike systems, smaller nations find themselves scrambling for cheaper ways to defend themselves. Origin, a new defense tech startup out of […]
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