Hermeus raises $350 million in a round that values the defense startup at $1 billion and supports development of unmanned hypersonic aircraft. The financing includes $200 million in equity led by Khosla Ventures and $150 million in debt; the company uses a modified Pratt & Whitney F100 engine. Hermeus recently flew an F-16-sized demonstrator and aims to make its next iteration supersonic.
Vatn Systems raises a $13 million seed round to develop autonomous underwater vehicles for defense uses. The Portsmouth, Rhode Island-based startup’s first prototype weighs about 50 pounds, operates in the top 300 meters of water, and can carry weapons or relay messages between ships; the round brings its total funding to $16.5 million. Investors include lead investor DYNE Ventures, Lockheed Martin Ventures, RTX Ventures, and In-Q-Tel.
Nov 2024 · TechCrunchNews article
RTX Ventures
Operating Status: Operating
RTX Ventures: A venture capital arm of Raytheon, investing in transformative aerospace and defense tech.