Airbound Raises $37M to Undercut Trucks on Delivery Cost
Airbound raised a $37M Series A led by Greenoaks for tail-sitter cargo drones, with DoorDash joining and a 10,000-flights-a-day network planned in India.
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Neros Raises $250M to Build Interceptors, Not Just FPV Drones
Neros raised $250M at a $2.5B valuation and is adding a counter-drone interceptor, moving beyond the FPV airframes that made its name in Ukraine.
AVPL International Opens Drone City Haryana in Hisar
AVPL International inaugurates Phase-1 of its ₹80 crore Drone City Haryana, a 11.5-acre drone manufacturing hub in Hisar backed by ₹58.51 crore in state incentives.
Anduril Barracuda-500M: Army's New 500-Mile Cruise Missile Explained
The US Army's Barracuda-500M contract covers 3,000 containerized cruise missiles with 500-nautical-mile range, designed for high-volume production and dispersed Indo-Pacific deployment.
Anduril Raises $5B Series H, Valued at $61B
Anduril closed a $5 billion Series H round at a $61 billion valuation, led by Thrive Capital and a16z, alongside a contract to supply 3,000 Barracuda-500M missiles to the US Army.
Destinus Eyes Amsterdam IPO After €200M Raise at €5B Valuation
Dutch defense startup Destinus is raising €200 million ahead of a potential Amsterdam IPO, targeting a €5 billion valuation on expected annual revenue of €500 million.
DZYNE Technologies Unveils Blitz, a Mass-Producible Kamikaze Drone
DZYNE Technologies' Blitz is a Group 1 one-way attack drone with 80–150 km range, swarm-capable via BlitzBox ISO container, targeting the DoD's Drone Dominance Initiative.
How Europe Is Integrating AI Into Its Military Forces in 2026
Germany, France, and the UK are leading European AI military integration, from Helsing loitering munitions to Palantir partnerships, with Ukraine as the live test environment.
Ondas Q1 Revenue Jumps 1,065% on Counter-Drone Demand
Ondas reported Q1 revenue of $50.1 million, up 1,065% year-over-year, and raised full-year guidance to $390 million on a $457 million backlog that grew 569% since end of 2025.
Terra Drone Wins Japan Defense Order for 300 Modular UAVs
Terra Drone secured a JPY 115.4M order from Japan's ATLA for 300 domestically produced modular UAVs, its first defense contract since entering the sector.