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Category: defense tech

defense tech, Europe, eVTOL, Global Security News, Transportation, vertical aerospace

Vertical Aerospace has a plan to capitalize on Europe’s defense tech moment

Russia’s war in Ukraine and President Donald Trump’s reluctance to support NATO allies has led to a boost in funding for European defense tech. And across industries, startups are leveraging the opportunity. One such company could be UK-based startup Vertical Aerospace, which is developing eVTOL (electric vertical takeoff and landing) aircraft mainly for air taxi…

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defense tech, Global IT News, Global Security News, mach industries, Startups, TC

Rising star defense tech startup Mach Industries is raising $100 million, sources say

Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, is about to close a fresh $100 million in financing co-led by new investor Khosla and existing investor Bedrock Capital, a source familiar with the deal tells TechCrunch. The new round will value the company at around $470 million, according to the source. However, the…

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defense tech, Fundraising, Global Security News, Isembard, manufacturing, Startups, supply chain

British startup Isembard lands $9M to reshore manufacturing for critical industries

Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper countries further away. But that is easier said than done. In the key area of…

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defense tech, Global Security News, mach industries, Sequoia Capital, Startups

How a hydrogen explosion led a teenage founder to become Sequoia’s first defense tech investment

As Sequoia Capital’s first defense tech investment, Mach Industries is an industry darling, raising over $80 million since its founding in 2023. Its founder, Ethan Thornton, now 21, began Mach as a teenage MIT student before dropping out to focus full-time on his startup. But a few months before landing a seed investment from Sequoia…

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Construct Capital, defense tech, Fundraising, Global Security News, manufacturing tech, Venture

Construct Capital raises $300M fund for defense and manufacturing tech

Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022. While many…

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Bedrock, defense tech, flock safety, Global IT News, Global Security News, Startups, surveillance technologies, Venture, Y Combinator

Y Combinator’s police surveillance darling Flock Safety raises $275M at $7.5B valuation

Flock Safety and one of its long-time VCs, Bedrock Capital, announced Thursday that the startup raised a fresh $275 million at a $7.5 billion valuation. Flock makes computer vision-enabled video surveillance technology used by law enforcement as well as businesses, property management companies, and so on. It’s best known for its automatic license plate recognition…

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defense tech, drones, Exclusive, Fundraising, Global IT News, Global Security News, Startups

Alpine Eagle secures funding from European backers for counter-drone tech amid rising threats

The war in Ukraine has brought drones to the forefront of modern warfare, creating a surge in demand for counter-drone systems. However, legacy solutions to counter drones, such as ground-based defense systems and cyber warfare, often come with a hefty price tag. For German startup Alpine Eagle, these solutions fall short: When now-ubiquitous $500 first-person…

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defense tech, Global IT News, Global Security News, Hardware, helsing, Startups

Germany’s Helsing doubles down on drones for Ukraine, scales up manufacturing

Helsing, the German defense tech startup backed by Spotify’s Daniel Ek and others, is producing 6,000 HX-2 strike drones in addition to the 4,000 HF-1 strike drones financed by Germany that are currently being delivered to Ukraine. “We are scaling up production of HX-2 in response to additional orders from Ukraine,” Helsing co-founder Gundbert Scherf…

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8VC, defense tech, Fundraising, Global IT News, Global Security News, Joe Lonsdale, Venture

Joe Lonsdale’s 8VC seeking $1B for new fund

8VC, a venture firm led by Palantir founder Joe Lonsdale, is seeking nearly $1 billion for its sixth fund, according to a regulatory filing. The Austin-based firm’s latest fund aims to raise nearly 14% more than its previous $880 million flagship vehicle, which closed in February 2023. TechCrunch has reached out to the firm for…

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AI, ai safety, Anthropic, defense tech, Global Security News, Government & Policy, military, North America, openai, pentagon, TC

The Pentagon says AI is speeding up its ‘kill chain’

Leading AI developers, such as OpenAI and Anthropic, are threading a delicate needle to sell software to the United States military: make the Pentagon more efficient, without letting their AI kill people. Today, their tools are not being used as weapons, but AI is giving the Department of Defense a “significant advantage” in identifying, tracking,…

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