Hermeus raises $350M to build unmanned hypersonic fighters | TechCrunch

Image for article Hermeus raises $350M to build unmanned hypersonic fighters | TechCrunch
News Source : TechCrunch

News Summary

  • Defense startup Hermeus has raised $350 million to keep developing its hypersonic aircraft.
  • Khosla Ventures, Canaan Partners, Founders Fund, In-Q-Tel, and others participated in the funding round.
  • The remaining $150 million comes in the form of debt, which CEO AJ Piplica says will help the startup maintain some control.
  • VC investment in defense tech crossed $9 billion over 265 rounds globally last year, with corporate investors contributing $2 billion across 28 rounds.
Defense startup Hermeus has raised $350 million to keep developing what it calls the fastest unmanned aircraft, in a funding round that has pushed its valuation to $1 billion.The Los Angelesbase [+4226 chars]

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