Defense tech funding wave
Defense‑tech startups pulled in about $405 million in new funding in the recent wave, underscoring investor demand for security‑adjacent tech amid global tensions. (i-hls.com) The rounds show capital is flowing into dual‑use systems and hardware that promise rapid field impact. (i-hls.com)
ORAN Development Company closed a $45 million Series A in late March 2026 with lead backers Booz Allen Hamilton, Cisco Investments, Nokia and NVIDIA and participation from AT&T, MTN and Telecom Italia. (finsmes.com (finsmes.com)) The startup positions itself as an AI‑native Radio Access Network provider building the U.S. Odyssey RAN software platform aimed at embedding AI in 5G/6G networks. (orandevco.com (orandevco.com)) Performance Drone Works (PDW) announced a Series B of just over $110 million led by Ondas, with Hood River, Cedar Pine, Hanwha Asset Management and Booz Allen among the participants and Houlihan Lokey as exclusive financial adviser. (prnewswire.com (prnewswire.com)) PDW said the new capital will scale production of its C100 quadcopter and Attritable Munition multirotor and support its CORE mission‑planning software, SIM flight simulator and anti‑jam radio programs. (pdw.ai (pdw.ai)) Overmatch Ventures closed an oversubscribed Fund II at $250 million to target seed and Series A deep‑tech defense and space startups after a $70 million debut fund, and the firm says it plans a portfolio of roughly 25 core companies. (businesswire.com (businesswire.com)) Overmatch’s announcement cited early bets that include xAI, Saronic, CHAOS Industries, Nominal, Impulse Space and Armada AI as examples of the firm’s investment focus on drones, space and energy technologies. (bloomberg.com (bloomberg.com))
