Did OpenAI really ask its investors to avoid backing rivals like Anthropic and xAI? That’s what hosts Devin Coldewey, Margaux MacColl and special guest Anthony Ha wanted to know on today’s episode of TechCrunch’s Equity podcast. The team kicked off the show with a look at OpenAI’s $6.6 billion round, which is being called the […]
AI ‘no one wants’ and Google’s potential breakup Read More »
Two years ago, Vishaal Mali, Kai Yin and Aiden Jenkins left their engineering jobs at Anduril’s futuristic, high-ceiling office to spend their days in a two-car garage building defense tech startup Salient Motion. For 15 hours a day, the three men soldered airplane parts together, huddled around a propane tank heater (the only source of
A billion dollars of venture capital will be invested into European defense technology in 2024, a first for the continent, and a five-fold increase since 2018. The investment comes as a result of both increasing geopolitical unrest and the brutal invasion of Ukraine by Russia. The data, contained in a new Dealroom report, shows that
As war rages in Ukraine, investment in European defense and dual-use tech skyrockets Read More »
The success of Palantir and Anduril hasn’t just spawned a new generation of aspiring tech companies looking to elbow between Boeing and Lockheed as new defense primes. It has now created a new ecosystem of startups that can serve other defense tech startups. One such startup is Pryzm, founded in 2022 to streamline data around
Hadrian founder and CEO Chris Power got tired of turning startups away. Since 2020, Power has raised $220 million for Hadrian, a largely autonomous factory that mass produces parts for space and defense companies. While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups have
Last week, Anduril and Palantir delivered the first Tactical Intelligence Targeting Access Node (TITAN) — picture a tactical military truck designed to sweep up massive amounts of data from sensors in space, as well as across terrains and high altitudes — reaching the first major milestone in its $178 million contract with the U.S. Army.
Anduril reaches milestone with major defense hardware contract Read More »
Defense AI startup Helsing has raised €450 million ($487 million) in a Series C financing round led by General Catalyst. It now plans to expand its presence in European nations bordering Russia. The announcement came as NATO held its annual summit in Washington, D.C., where the Russian invasion of Ukraine is high on the agenda. As
We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s Oct. 7 attack on Israel. With global military expenditure reaching $2.4 trillion last year, startups are hoping to get a share of the pie, and formerly reluctant investors are keen to help them do so. The U.S. budget
Defense tech and ‘resilience’ get global funding sources: Here are some top funders Read More »
