Last week, police surveillance startup Flock Safety announced that it had bought drone startup Aerodome. The acquisition price was over $300 million, according to sources in the venture world. The number has not been previously reported.
Ursa Major, a startup that produces rocket motors through 3D printing, announced today that it received a $12.5 million contract from the Department of Defense’s Office of Strategic Capital (OSC) and the U.S. Navy to develop new solid-fuel rocket engines. The company, which has raised $274 million according to PitchBook, will match the funding, bringing the money allocated for the effort to $25 million.
The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $257 million in cryptocurrency.
The distance between Silicon Valley and the Pentagon just keeps getting smaller. As venture capitalists continue to pour money into defense tech startups, they’re turning to a new hiring pool: veterans and ex-Department of Defense officials.
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