News

Above a battlefield littered with failed American drones, California startup Shield AI notched an important victory in Ukraine. The company in August became a rare Western supplier to demonstrate it can withstand the brutal electronic warfare that is downing drones across Ukraine. The country, which has preferred locally made drones, has now requested hundreds of Shield AI systems.

The Department of Defense (DoD) and the U.S. Small Business Administration (SBA) today announced the first group of Small Business Investment Company (SBIC) Licensees and Green Light Approved investment funds approved under the Small Business Investment Company Critical Technology Initiative (SBICCT Initiative). This first group collectively plans to invest over $2.8 billion into over 1,000 portfolio companies.

Candid Health, the revenue cycle automation platform for healthcare providers, today announced a $29 million Series B led by 8VC with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. This brings the company's total amount raised to $47 million.

Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its acquisition of FlightWave Aerospace Systems Corporation (“FlightWave”), an industry-leading provider of VTOL drone, sensor and software solutions.

CNBC’s Eamon Javers reports on news from American intelligence officials.

Snowpoint focuses on investments in revenue-generating companies that serve both commercial and government clients. That includes firms that specialize in defense technology, a vertical that could include everything from cybersecurity to clean power.

Doug Philippone, a venture capitalist and defense contract expert, said the bureaucratic state makes it hard for start-ups to get innovative tech into the military.

Doug Philippone, a venture capitalist, touted three devices companies in his portfolio have developed. He says they could provide significant benefits to the military.

Snowpoint Ventures Co-Founder Doug Philippone warns that China is closely watching to see how well the U.S. can replenish its weapons stockpiles after shipping munitions to allies.

Snowpoint Co-Founder and General Partner Doug Philippone provides insight on investing in defense on 'The Claman Countdown'

A list of who has jumped from the Pentagon and other government posts into jobs with venture capitalists that are backing defense technology startups

Retired officers and departing defense officials flocking to investment firms that are pushing the government to provide more money to defense-technology startups

Doug Philippone, Snowpoint Co-Founder, joins ‘Closing Bell Overtime’ to talk rising military tension in the Middle East and Red Sea, investing in Defense Tech, and more

Gecko Robotics Inc. is letting employees cash out some of the stock options they have of the company as part of a tender offer made with an unnamed investor

Gecko Robotics has raised $100 million for its robots that assess the safety and condition of infrastructure for industries including defense, oil and manufacturing

Elroy Air announced the first flight of what it says is the world's first autonomous turbogenerator

The aircraft is a turbogenerator-hybrid electric vertical takeoff and landing aircraft (hVTOL) and it’s the first of its kind to fly

The defense technology startup completes a latter-stage, Series F funding round to support the further deployment of its artificial intelligence product line

Shield AI launched a new drone swarming capability called V-Bat Teams — one it hopes the DoD might use for programs such as its Replicator Initiative

FlightWave spoke to Commercial UAV News in Las Vegas about their drones in the Blue UAS program

Merlin completed a round of trials of its autonomous tech in Alaska

The Merlin Pilot will be the first automated flight control system to secure NAS integration and aims to reduce workloads

Defense tech companies have latched on to the metaverse hype—but what they’re building will be a far cry from Meta’s virtual world

CNBC’s Morgan Brennan reports on how defense tech startup Red 6 is revolutionizing combat training

Labelbox announced it has raised $40 million to acquire new customers, expand its solutions, and grow its workforce around the globe

Labelbox is announcing a $25 million Series B investment led by a16z

AeroVironment has signed an agreement with FlightWave to add vertical take-off and landing (VTOL) capabilities to its future unmanned aircraft