Protego Ventures, the first and largest dedicated defense tech VC in Israel, just completed its final $125 million closing, TechCrunch learned exclusively.
The buzzy startup raised $600 million in its Series C round.
The $1 billion Series C was co-led by Andreessen Horowitz, Carlyle, and JP Morgan Chase.
African defense tech company Terra Industries announced an additional $18 million in funding, bringing its seed round to $52 million.
Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters.
Mach’s approach differs sharply from some of its peers.
Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new…
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.