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Startup News

Funding rounds, valuations, acquisitions, and IPOs - daily coverage of the companies shaping the private markets

ASIO Raises $15M in First-Ever External Round
FundingDefense
NOTABLE
4 min read

ASIO Raises $15M in First-Ever External Round

ASIO (Israel) raises $15M from Protego Ventures and Aliya Capital Partners to scale its GPS-independent tactical navigation, situational awareness, and command-and-control platforms globally, landing a component supply partnership with Anduril for unmanned aerial vehicles.

Uforce Eyes $4B Valuation Six Months After Unicorn Debut
FundingDefense
MAJOR
5 min read

Uforce Eyes $4B Valuation Six Months After Unicorn Debut

Ukrainian-founded London defense startup Uforce is in talks to raise fresh capital targeting a $4B+ valuation — up from $1B just six months ago — to expand manufacturing of its autonomous combat drones and surface vessels into allied countries.

Castelion Raises $1B Series C at $13B Valuation
FundingDefense
MAJOR
4 min read

Castelion Raises $1B Series C at $13B Valuation

Defense startup Castelion (US) closes a $1B Series C at a $13B valuation led by JPMorgan, Andreessen Horowitz, and Carlyle to mass-produce its Blackbeard low-cost hypersonic strike missile, backed by $500M+ in US military contracts.

Cambridge Aerospace Hits $3.4B at $300M Series C
FundingDefense
MAJOR
4 min read

Cambridge Aerospace Hits $3.4B at $300M Series C

UK anti-drone defense startup Cambridge Aerospace raises $300M Series C led by DFJ Growth at a $3.4B valuation to scale production of its Starhammer and Skyhammer autonomous interceptor systems.

Castelion Hits $13B Valuation in $1B Series C
FundingDefense
MAJOR
4 min read

Castelion Hits $13B Valuation in $1B Series C

US defense startup Castelion raises $1B Series C at a $13B valuation, co-led by JPMorgan, a16z, and Carlyle, to mass-produce its Blackbeard low-cost hypersonic strike missile for the US military.

Agon Exits Stealth With $30M to Build AI War Games
FundingDefense
NOTABLE
4 min read

Agon Exits Stealth With $30M to Build AI War Games

British defense-tech startup Agon exits stealth with $30M led by Lux Capital and Northzone to build synthetic virtual battlefields where autonomous weapons and counter-drone systems train against adaptive AI adversaries.

ASIO Technologies Raises $15M in Debut Round
FundingDefense
NOTABLE
4 min read

ASIO Technologies Raises $15M in Debut Round

Israeli defense-tech firm ASIO Technologies raises $15M in its first-ever external funding round after 20+ years of profitable bootstrapping, to globally deploy its GPS-denied tactical coordination systems; simultaneously closed a multi-million-dollar deal with Anduril.

Cambridge Aerospace's $300M Series C Values It at $3.4B
FundingDefense
MAJOR
5 min read

Cambridge Aerospace's $300M Series C Values It at $3.4B

UK air defense startup Cambridge Aerospace raises $300M Series C at a $3.4B valuation, backed by DFJ Growth and Accel, to scale its drone and missile interceptor products.

Agon Raises $30M to Build Autonomous Weapons Simulators
FundingDefense
NOTABLE
4 min read

Agon Raises $30M to Build Autonomous Weapons Simulators

Autonomy testing startup Agon emerges from stealth with $30M across pre-seed and seed rounds to build validation software for self-driving and autonomous systems.