Poseidon Aerospace closes a $60 million Series A ahead of the expected year-end test flight of Egret, its uncrewed cargo plane. The aircraft uses a conventional combustion engine rather than electric or hydrogen power, and the company targets defense and regional commercial cargo. Poseidon plans to operate its own regional cargo service instead of selling planes, competing for business from carriers such as UPS and FedEx.
E-commerce logistics company Stord raises $250 million at a $3 billion valuation, doubling its valuation from a year earlier. Strike Capital leads the round, with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond. Stord operates physical warehouses and inventory management software for e-commerce brands, and recently added an AI interface to its software.
May 2026 · TechCrunchNews article
G Squared
Operating Status: Operating
G Squared: A private equity firm specializing in tech investments in California and Illinois.