defense tech

Archer teams up with Anduril and raises $430 million to build defense aircraft

Transportation /

Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown.  Archer Aviation wants in on the action.  The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has […]

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Reveal Technology raises $11M to scale ‘decision dominance’ tools for DOD

Venture /

Military operators need to rapidly make decisions in high-stakes environments, but they’re often stuck with technology that’s unable to deliver accurate information about their surroundings. Military leaders have made clear that they’re prioritizing “decision dominance” for troops, but actually shipping new technologies and getting them in the hands of end users can be more challenging. 

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From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock

Startups /

Beyond patriotism, there’s another huge reason to join a defense startup: it pays really, really well. Thanks to The Federal Funding Accountability and Transparency Act (FFATA), we can see the total compensation that defense tech startup Anduril, valued at $14 billion valuation, pays its top employees. The act requires the company to report the top

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock Read More »

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock

Startups /

Beyond patriotism, there’s another huge reason to join a defense startup: it pays really, really well. Thanks to The Federal Funding Accountability and Transparency Act (FFATA), we can see the total compensation that defense tech startup Anduril, valued at $14 billion valuation, pays its top employees. The act requires the company to report the top

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock Read More »

Led by Anduril, defense tech funding sets a new record this year

Venture /

Defense tech funding just reached a new high. Defense tech startups have raised almost $3 billion so far in 2024, according to Crunchbase. This surpassed the previous record from 2022 of $2.6 billion.  It’s an impressive feat, especially considering the number of deals has shrunk: in 2022, there were 113 defense tech rounds, outpacing 2024’s

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How two brothers went from growing up on a sailboat to making underwater military vehicles 

Fundraising /

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, ten grand,” Freddie

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Anduril is considering Arizona, Ohio, or Texas for its massive manufacturing facility, source says

Hardware /

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

Anduril is considering Arizona, Ohio, or Texas for its massive manufacturing facility, source says Read More »

How national interest startups should be thinking about government contracts

Startups /

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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Why Crosscut Ventures is ‘following the founders’ into climate, space, and beyond

Fundraising /

Eight years ago, Brian Garrett and his partners sensed the ground shifting.  At the time, Crosscut Ventures, where Garrett is co-founder and managing partner, had been investing in early stage startups in Los Angeles and Southern California for nearly a decade. It focused mostly on software companies, but it started shifting its attention to hardware,

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Airdog’s founders are back with a precision-strike drone meant for modern warfare

Fundraising /

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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