Lizette Chapman

The company's vehicles are capable of operating individually or as a group, or “swarm,” conducting surveillance and carrying items including missiles and computing hardware to support AI technology. The new cash infusion, $50 million of which is debt, was led by Moore Strategic Ventures. The company will use the money to speed production of what CEO Josh Araujo calls the “Swiss army knife” of military autonomous vehicles.

Aerospace and defense tech startup Ursa Major Technologies Inc. landed a $600 million valuation in a new funding round, the latest sign that investors are eager to back companies developing new rocket technology.

(Bloomberg) -- SpaceX is preparing to sell insider shares in a transaction that would value Elon Musks rocket and satellite maker at as much as $800

Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more companies that focus on fields like breakthrough science and national security.

(Bloomberg) -- Venture firm Lux Capital raised $1.5 billion for its ninth fund the largest in its more than20-year history with plans to back more

Anduril Industries Inc. is being valued at $61 billion in a $5 billion funding round led by Thrive Capital and Andreessen Horowitz, the defense technology company announced on Wednesday.

Anduril Industries Inc. doubled its valuation to $61 billion in a fresh $5 billion funding round led by Thrive Capital and Andreessen Horowitz, a sign of soaring interest in the defense technology company.

A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup.

Defense startup Mach Industries notched a $1.8 billion valuation in a funding deal to ramp up production of its autonomous aircraft, strike systems and other gear for the Pentagon and allied forces.

Base10 Partners, one of the biggest Black-led venture capital firms, has closed two funds and boosted assets under management to $2.6 billion.