White House tech strategy leaves open-weight AI off its critical list
White House tech strategy leaves open-weight AI off its critical list

The White House has published a new National Security Science and Technology strategy. It names 15 critical technology areas the United States intends to lead. Artificial intelligence and autonomy is one of them, with 12 subfields listed underneath. Op…

Smack Technologies raises $61m as the Pentagon’s hurry becomes a battlefield-AI business model
Smack Technologies raises $61m as the Pentagon’s hurry becomes a battlefield-AI business model

A defence software start-up that most of Silicon Valley had never heard of a year ago is suddenly flush with cash, and the reason says a great deal about where the Pentagon is steering the technology industry. Smack Technologies, an Austin-based firm b…

Terra Industries closes a $52mn seed and opens its first office outside Africa
Terra Industries closes a $52mn seed and opens its first office outside Africa

Terra Industries has added $18mn to close a $52mn seed round and will open its first office outside Africa in London, while keeping manufacturing in Ghana and Nigeria. The Nigerian company was founded in 2024 and says it is on track for more than $100m…

Europe’s defence-AI champion Helsing is using Rakuten to break into Japan’s arms market
Europe’s defence-AI champion Helsing is using Rakuten to break into Japan’s arms market

Helsing, the Munich startup that has become Europe’s best-funded defence-AI company, is pushing into Asia, and it has found an unlikely guide. The German firm has enlisted Japan’s Rakuten, a name better known for e-commerce and mobile phones, to help b…

Trump’s drone tariffs reach 100%, and Europe gets capped at 15%
Trump’s drone tariffs reach 100%, and Europe gets capped at 15%

Donald Trump signed the proclamation on 13 August. It carries the title Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States. It rests on Section 232 of the Trade Expansion Act of 1962, the nati…

A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’
A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’

Government software is usually bought by asking several companies to bid. A department writes down what it needs, suppliers compete, and the file records why the winner won. A memo drafted inside the US Defense Department on 4 August did something diff…

Nick Blair seeks $200m for pre-launch defence-tech startup Pyra
Nick Blair seeks $200m for pre-launch defence-tech startup Pyra

Nick Blair, a son of former UK prime minister Tony Blair, is trying to raise around $200m for a defence-tech startup that has not yet launched, reported by the Financial Times and described as ongoing and unconfirmed.  The company, London-based Pyra, i…

Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.
Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.

Most satellite startups are racing to build smaller. K2 Space is going the other way, on purpose. Investors just handed it $500 million to keep going bigger. K2 raised a $500 million Series D at a $6.8 billion valuation, it said on Thursday. Kleiner Pe…

Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut
Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut

Space-Eyes, a Miami geospatial-intelligence company backed by Eric Trump, plans to go public through a $638 million blank-cheque deal, deepening the family’s defence-tech ties. A defence-technology company backed by Eric Trump is preparing to go public…

Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI
Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI

A London startup building the training grounds for Europe’s autonomous weapons has come out of stealth with $30mn. It is one of the region’s largest defence-tech seed rounds this year. Agon is not building the weapons themselves. It is building the inf…