In April, 14 companies announced fundraising rounds:
Portal Space Systems ($17.5M; Seed) | Developing advanced spacecraft for multi-role missions – led by AlleyCorp, with participation from Mach33, FUSE, First In, TFX, Offline Ventures, and Atypical.
Aetherflux ($50M; Series A) | Advancing space solar power to transform military operations – led by Index Ventures and Interlagos, with participation from Breakthrough Energy Ventures, Andreessen Horowitz, NEA, Vlad Tenev, Dan Gallagher, Jared Leto, Laurent and François-Paul Journe, and others
Gallatin ($15M; Seed) | Transforming military logistics through artificial intelligence – led by 8VC, joined by Silent Ventures, Moonshots Capital, Timeless Partners, and Banter Capital.
AMCA ($76M; Seed) | Accelerating American manufacturing — led by Caffeinated Capital with major participation from Founders Fund, Lux Capital, and Andreessen Horowitz
Blue Water Autonomy ($14M; Seed) | Building autonomous ships for the U.S. Navy – with participation from Eclipse, Riot Ventures, and Impatient Ventures
Conductor AI ($15M; Series A) | Developing AI platforms to help navigate complex government approval workflows – led by Lux Capital, with participation from Altman Capital, Haystack VC, Sunflower Capital, Humba Ventures, Also Capital, Forward Deployed VC, and Abstract Ventures
Scout AI ($15M; Seed) | Building AGI for defense robotics – led by Align Ventures and Booz Allen Ventures, with participation from Draper Associates, Decisive Point Ventures, Perot Jain, Sigmas Group, Evolution VC, BVVC, Habitat Partners, Piedmont Capital Investments, FJ Labs, Revelry Venture Partners, Monte Carlo Capital, Expansion VC, and Gaingels
Theseus ($4.3M; Seed) | Developing an unjammable replacement for GPS – led by First Round Capital, with participation from Y Combinator and Lux Capital
Astro Mechanica ($27.1M; Undisclosed) | Developing supersonic jet engines – co-led by a16z, Lowercarbon, and Giant Step, with significant participation from Alumni and Voyager Capital, joining Dolby Family Ventures, Eli Dourado, Julian Capital, Industrious Ventures, Myelin VC, Not Boring, Wayfinder, Y Combinator, and Astera Institute
Electra ($115M; Series B) | To enter the pre-production and certification phase of the EL9, the first-ever Ultra Short aircraft – led by Prysm Capital, with participation from Lockheed Martin Ventures, Honeywell, Safran, Statkraft Ventures, and Virginia Innovation Partnership Corporation
Durin ($3.4M; Pre-Seed) | Automating drilling technology for critical minerals exploration – led by 8090 Industries, with participation from Andreessen Horowitz (a16z), 1517, Bedrock, Champion Hill Ventures, Contrary, Day One Ventures, and Lux Capital
ARX Robotics ($33.1M; Series A) | Building Europe’s leading autonomous ground vehicles (UGVs) – led by HV Capital with participation from Omnes Capital, and significant contributions from existing investors NATO Innovation Fund and Project A
Union ($50M; Seed) | Building advanced manufacturing capabilities for national security – led by Bravo Victor Venture Capital (BVVC), with participation from Regulus, Silent Ventures, Decisive Point, Vanderbilt University, RKKVC, and IronGate Capital
True Anomaly ($260M; Series C) | Advancing space technology for national security and defense – led by Accel, with participation from Meritech Capital, Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya
