March 28, 2024

Web and Technology News

NATO announces $1B fund to back startups supporting ‘safety, freedom and human empowerment’

After announcing plans nearly two years ago, defense alliance NATO has officially closed its first fund to back startups that are building technology strategic to NATO’s own goals in defense and security. Member nations are collectively committing capital totalling €1 billion (around $1 billion at current rates) to the NATO Innovation Fund, which plans to […]

Anduril’s teeing up to take larger defense market share with latest acquisition

Defense technology company Anduril Industries has acquired Adranos, a startup that manufactures solid rocket motors for in-space and terrestrial applications. The two companies did not disclose the terms of the deal. Indiana-based Adranos’ solid rocket motor propulsion systems are designed for tactical missiles, hypersonics and space launch vehicles. Adranos has also developed a solid rocket […]

Anduril’s teeing up to take larger defense market share with latest acquisition by Aria Alamalhodaei originally published on TechCrunch

Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech

Defense technology continues to get a lot of attention from investors, and today, one of the bigger startups in the space is announcing more funding. Shield AI — which develops platforms and planes for autonomous flying systems, targeting the U.S. military and its allies as customers — has raised $60 million in funding, money that […]

Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech by Ingrid Lunden originally published on TechCrunch