News Summary

• Smack Technologies, an Austin-based firm building artificial-intelligence tools for the battlefield, said on Monday that it had raised a $61m Series B round.
• The round drew backing from Costanoa Ventures, First In, Point72 Ventures, Geodesic Capital, and others.
• Investors are chasing the same signal that drew Smack’s backers: a government that, after years of complaining it moved too slowly, now wants software in soldiers’ hands at start-up speed.