Forterra, a US builder of autonomous vehicles, revealed that more than 100 of its self-driving ATVs have been deployed in combat zones in Ukraine for the past nine months. The company says it is the largest deployment of autonomous ground vehicles in c…
Expeditions, the Warsaw-based venture firm backed by BAE Systems and the NATO Innovation Fund, has closed a €197m ($225m) fund to back the next wave of European defence startups. The raise caps a boom that has seen defence prime BAE commit €50M to outs…
Donald Trump arrives at next week’s NATO summit in Ankara holding unusual leverage, because the US decides which allies get access to the world’s most advanced AI, Politico reports. The alliance meets on 7 and 8 July with AI security questions hovering…
Dream, the Israeli AI cybersecurity startup that tripled its valuation to $3 billion this year, is expanding into Latin America. The company is targeting governments aligned with Washington in a region where cyber attacks are reportedly growing 25% ann…
A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits…
Anduril has become the poster child for a faster, software-speed kind of defence contractor. Last Friday, one of its rocket motors blew up on a test stand in Mississippi. The blast is a small setback that carries an outsized message about how hard buil…
The three-year deal aims to let drones from different manufacturers operate under one command system, a lesson the Netherlands says it has drawn from Ukraine. The Netherlands’ Ministry of Defence is putting tens of millions of euros into Intelic, a Dut…
Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian comp…
Palantir has a new enemy, and it is the way most of the AI industry makes money. Its nine-point manifesto tells institutions to hoard their data, own their model weights, and stop “tokenmaxxing.” It is a pitch dressed as a principle. On Tuesday, Palant…
Canada just produced the biggest Series A in its defence history. The money is going into autonomous drones and the software to run a war in the Arctic. Dominion Dynamics, an Ottawa defence-technology company, has raised CA$139mn ($100mn) in a Series A…