In July, 15 defense tech companies raised a total of $579 million from investors. Here’s the rundown:

AIR

  • The Pitch: Advancing eVTOL innovation and to scale its production facility in Israel, hire additional employees, and support expansion to the U.S.

  • Round: $23 million Series A

  • Investors: Led by Entrée Capital with participation from Dr. Shmuel Harlap

Delian

  • The Pitch: Accelerating production of affordable, autonomous systems defending against invasion and incursion at nation scale.

  • Round: $14 million Series A

  • Investors: Co-led by Air Street Capital and Marathon Venture Capital, with participation from 201 Ventures, HCVC, Entropy Industrial Capital and Nebular.

Reveal

  • The Pitch: Delivering offline intelligence platforms that enable real-time decision-making in contested environments, including 3D mapping from drone video and mobile biometrics.

  • Round: $30 million Series B

  • Investors: Led by Ballistic Ventures with participation from Defy VC, Booz Allen Ventures, Shield Capital, Next Frontier Capital, and Madison Valley Partners

ARX Robotics

  • The Pitch: Developing modular autonomous unmanned ground vehicles (UGVs) for tactical defense applications, using funds to expand its AI-powered software platform and scale production.

  • Round: $12.9 million Series A Extension

  • Investors: Led by Speedinvest with participation from HV Capital

Spear AI

  • The Pitch: Applying AI to analyze submarine acoustic data for military and commercial uses.

  • Round: $2.3 million Seed

  • Investors: Led by Cortical Ventures with participation from Scare the Bear

Armada

  • The Pitch: Providing full-stack edge infrastructure for disconnected and remote environments, including megawatt-scale modular AI data centers like Leviathan.

  • Round: $131 million Strategic

  • Investors: Led by Pinegrove, Veriten, and Glade Brook with participation from Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12, Overmatch, Silent Ventures, Felicis, and Marlinspike

Asylon

  • The Pitch: Enhancing robotic security as a service, featuring drone and robot guard dog solutions for facility security.

  • Round: $24 million Series B

  • Investors: Led by Insight Partners with participation from Veteran Ventures, Allegion Ventures, and GO PA Fund

Rune Technologies

  • The Pitch: Deploying AI-enabled software like TyrOS to revolutionize military logistics by tracking, predicting, and managing operations.

  • Round: $24 million Series A

  • Investors: Led by Human Capital with participation from Pax VC, Washington Harbour Partners, a16z, Point72 Ventures, XYZ Venture Capital, and Forward Deployed VC

Hadrian

  • The Pitch: Building automated factories to scale defense manufacturing onshore, including expansions in machining, welding, casting, and additive processes.

  • Round: $260 million Series C

  • Investors: Led by Founders Fund and Lux Capital with participation from Altimeter Capital, 1789 Capital, a16z, Construct Capital, and 137 Ventures

Droneforge

  • The Pitch: Developing Nimbus, a hardware-agnostic SDK to transform any drone into an intelligent agent for aerial intelligence applications.

  • Round: $2.5 million Seed

  • Investors: Led by Outlander VC with participation from First In, Tofino Capital, and Shor Capital

Firestorm

  • The Pitch: Scaling expeditionary manufacturing platform for on-site 3D printing of modular airframes and unmanned aerial systems for defense.

  • Round: $35 million Series A

  • Investors: Led by New Enterprise Associates (NEA) with participation from Lockheed Martin Ventures, Decisive Point, Washington Harbour Partners, and Booz Allen Ventures

Chariot Defense

  • The Pitch: Transforming energy control and distribution on the battlefield with silent, lightweight, modular power systems like Amphora for modern warfighting.

  • Round: $8 million Seed

  • Investors: Co-led by General Catalyst and XYZ Ventures with participation from Cubit Capital, Ravelin, Forward Deployed VC, Pax Ventures, New Vista Capital, D3, and Brave Capital

Kilsar

  • The Pitch: Capturing tribal knowledge and transforming maintenance procedures into interactive AI-powered digital workflows with Orion platform.

  • Round: $3.7 million Seed

  • Investors: Co-led by Lightbank and Cotulla Capital with participation from Techstars Ventures and Scalewolf

Overwatch Imaging

  • The Pitch: Accelerating deployment of AI-enabled Automated Sensor Operator software for airborne imaging systems.

  • Round: $6 million Undisclosed

  • Investors: Led by Squadra Ventures with participation from SEMCAP AI, Elevate Oregon Venture Direct Fund, and Edo Capital

Valstad

  • The Pitch: Reviving American shipbuilding by growing team and completing design for first shipyard to increase output significantly.

  • Round: $2.6 million Pre-Seed

  • Investors: Led by N49P with participation from 10VC, Elementum, and Northside Ventures

See all past rounds and stay up to date on future rounds here.

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