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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Archer Buys Boeing's Wisk, Insitu and SkyGrid in eVTOL Shakeup
Archer is acquiring Boeing's Wisk Aero, Insitu and SkyGrid, absorbing a rival air taxi programme and a profitable military drone unit in one deal.
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.
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.
US Army Requests $994M for Counter-Drone Tech in FY27
The Army's FY27 budget request includes $994 million for small counter-UAS capabilities, nearly double the $596 million enacted for FY26.
Anduril Gets $100M Boost for Space Surveillance Network Upgrade
Anduril Industries received a $100.3M contract increase to upgrade the Pentagon's Space Surveillance Network with mesh networking architecture by September 2027.