Tony Blair’s son seeks $200M for Pyra, his second defence tech startup after Skyral — TFN
Nick Blair is in talks to raise about $200 million for Pyra, a defence startup. Pyra hasn’t released…
Kraken Technology Group becomes Europe’s newest maritime defence unicorn — TFN
Kraken Technology Group, a British maker of uncrewed vessels, has raised $175 million in Series B funding, pushing…
Sequoia and Founders Fund just backed a drone startup Stark whose drones failed: report — TFN
Stark raised €500 million, surpassing the approximately €300 million it was seeking, from Sequoia, Founders Fund, and the…
Europe’s defence startups kept running to US VCs to scale. This €500M Franco-German fund wants to end that — TFN
In the past, European defence startups had to rely on US investors to grow, which meant capital, talent,…
Ukrainian housewives and their drones: Cottage industry
Europe throws billions at its defence sector. Ukraine’s kitchen-table innovators are already cashing in. Great news for Ukrainian…