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The latest Defense Tech news and analysis from Tech Arcade.
Portugal's Tekever just raised $580 million at a $6.4 billion valuation, co-led by the University of California's endowment, on the strength of 50,000 flight hours over Ukraine.
Portuguese-British drone maker Tekever raised $580M at a $6.4B valuation — roughly 5x its price from 16 months ago, on 50,000+ flight hours over Ukraine.
The Pentagon opened GenAI.mil to 3 million personnel with ChatGPT Mil and Grok for Government at IL5 clearance. Anthropic's Claude is the one vendor left out.
Castelion, founded by ex-SpaceX engineers in 2022, raised a $1B Series C at a $13B valuation to mass-produce its Blackbeard hypersonic missile.
Castelion — a four-year-old startup founded by SpaceX alumni — just raised $1B at a $13B valuation to mass-produce Blackbeard, a Mach-5 missile the Navy is buying for about $442,000 apiece.
Neros, a three-year-old drone startup, raised a $250M Series C at a $2.5B valuation to mass-produce a million American-made combat drones a year by 2028.
Neros just raised $250M at a $2.5B valuation—roughly triple its worth nine months ago—to scale toward a million American-made drones a year by 2028.
Hadrian raised $1.37B at a $7.87B valuation to scale AI-run factories making parts for rockets, subs, and jets — its price tag quintupled since January.
Rocket Lab just landed the biggest contract in its history: $266M from the U.S. Space Force to fly up to 18 HASTE hypersonic test launches from Kodiak, Alaska.
Munich drone maker Quantum Systems closed a $1.2B Series D at an ~$8B valuation, doubling in eight months — with Blackstone, Airbus and Advent leading and 19,000+ Ukraine flights on the resume.
Munich's Helsing just raised $1.8 billion at an $18 billion valuation — Europe's biggest defense-tech round ever, chaired by Spotify's Daniel Ek.
Helsing just closed a $1.8B Series E at an $18B valuation — Europe's biggest-ever defense-startup round, and the cap table was oversubscribed.
