Firestorm Labs wins $30M Pentagon contract for forward drone factories
Firestorm Labs secured a $30M APFIT contract to deploy containerized drone factories and 200+ Tempest drones to the Indo-Pacific, marking the startup's first operational fielding outside the U.S.
Chad Rigetti's Sygaldry raises $139M to shrink AI's power appetite
Chad Rigetti, the physicist behind Rigetti Computing, has launched Sygaldry Technologies with $139M in funding to build quantum-accelerated servers that reduce AI's energy consumption inside data centers rather than replace classical chips.
Hermeus Gets FAA Supersonic Green Light, Closes $350M Series C
Hermeus closed a $350M Series C and received FAA authorization for supersonic flights within 48 hours, positioning itself as the Pentagon's first commercially operated hypersonic testbed.
Hermeus hits $1B valuation on $350M Series C, Quarterhorse Mk 2.1 in flight
Hermeus closed $350M Series C led by Khosla Ventures, reaching unicorn status days after successfully flying Quarterhorse Mk 2.1—a delta-wing hypersonic demonstrator the size of an F-16—positioning the startup to move from prototype to DoD-ready production.