Defense & National Security
APR 2026
Market Report

$10M+ Defense
Startup Rounds

89 companies across the US & Europe · 2025–2026

Data via @IvanLandabaso · CrunchBase

Total Capital

$21.6B

89 companies tracked

US Capital

$18.7B

73 companies

Europe Capital

$2.9B

16 companies

Top 5 Share

47%

$10.2B concentrated

🛡️

27 of 89 companies founded since 2022

The defense tech boom is brand new — most of these companies didn’t exist 4 years ago

🚀

$2.0B raised by Saronic in ~2 years

Founded in 2022, Saronic became one of the fastest defense startups to reach unicorn status

🎯

12 companies backed by a16z

Andreessen Horowitz is the most active investor in this dataset, spanning drones to hypersonics

🇪🇺

16 European cos across 8 countries

European defense sovereignty is driving a new wave of homegrown defense tech startups

8 companies focused on counter-drone

Counter-UAS is the hottest niche — from AI-guided guns to directed energy lasers

📡

22 of 89 are software-first

Unlike old defense, modern startups lead with AI and software before hardware

Top 10 Most-Funded Companies

Capital by Category

Capital by Country

Most Active Investors

Founded Year vs Total Raised

Excludes TEKEVER (est. 2001)

Data Quality & Breakdown

63
Verified
17
Partial
9
Unverified

Region Split

Hardware vs Software

Hardware Heavy
51
Software Only
14
Software Heavy
8
Mixed
13

Capital Treemap — Relative Funding Size

All Companies

#Q
1
🇺🇸
Anduril Industries
Defense technology platform building autonomous systems, Lattice OS, and unmanned fighter jets
$4.7B
2
🇺🇸
Shield AI
AI pilot systems for autonomous military aircraft operations
$2.0B
3
🇺🇸
Saronic Technologies
Autonomous surface vessels for naval operations and maritime security
$1.8B
4
🇺🇸
Stoke Space
Fully reusable launch vehicles (Nova rocket) for national security and commercial space access
$860M
5
🇺🇸
Skydio
Largest US drone manufacturer — autonomous X10D drones for military ISR, with $52M+ US Army order and NATO deployments
$856M
6
🇩🇪
Helsing
AI-powered defense software and drone systems for European militaries
$720M
EUR 600M
7
🇺🇸
Forterra
Autonomous ground vehicles and logistics systems for defense
$556M
8
🇺🇸
Astranis
Small GEO broadband satellites for defense comms and resilient GPS — Space Force and NASA contracts
$550M
9
🇺🇸
CHAOS Industries
Advanced sensing and detection systems for military applications
$510M
10
🇵🇹
TEKEVER
Defense drones and aerospace systems for ISR and maritime patrol
$500M
GBP 400M
11
🇺🇸
Onebrief
AI-powered military operations planning and decision support platform
$486M
12
🇩🇪
Quantum Systems
AI-powered reconnaissance and strike UAVs deployed by NATO forces in Ukraine
$408M
EUR 340M
13
🇺🇸
Apex
Standardized satellite bus manufacturing for defense and space, ~2/3 defense revenue
$400M
14
🇺🇸
K2 Space
High-capability satellite buses for defense, commercial, and scientific space operators
$360M
15
🇺🇸
Castelion
Rapid manufacturing of hypersonic and supersonic defense systems
$350M
16
🇺🇸
Hermeus
Autonomous hypersonic aircraft for the US DoD targeting Mach 5+ speeds
$350M
17
🇺🇸
Varda Space Industries
Space manufacturing and hypersonic re-entry testbed for DoD — proven orbital return capability
$329M
18
🇺🇸
Impulse Space
In-space mobility vehicles for satellite repositioning and defense missions, partnering with Anduril
$300M
19
🇺🇸
True Anomaly
Space security and orbital awareness using autonomous spacecraft
$260M
20
🇺🇸
Hadrian
AI-powered automated factories manufacturing precision parts for defense and space
$260M
21
🇺🇸
Epirus
Directed-energy systems (Leonidas) to counter drone swarms and protect critical assets
$250M
22
🇬🇧
Cambridge Aerospace
Skyhammer and Starhammer missiles for drone and missile interception — building European Iron Dome-like capability
$216M
23
🇺🇸
Roark Aerospace
Counter-drone hardware systems at scale for military defense
$210M
24
🇪🇸
PLD Space
Europe's leading private launch vehicle company building MIURA 5 rocket for sovereign European space access
$209M
EUR 180M
25
🇺🇸
Harmattan AI
Autonomous systems and AI for defense operations
$200M
26
🇩🇪
Isar Aerospace
European sovereign launch vehicle company providing independent orbit access for defense satellites
$174M
EUR 150M
27
🇫🇮
ICEYE
World's largest commercial SAR satellite constellation for defense intelligence and disaster monitoring
$163M
EUR 150M
28
🇺🇸
Govini
Data analytics and AI platform for defense acquisition and supply chain
$150M
29
🇺🇸
HawkEye 360
Satellite constellation detecting and geolocating radio-frequency signals for intelligence and domain awareness
$150M
30
🇺🇸
Overland AI
Autonomous ground vehicles for off-road military missions — DARPA RACER, Marine Corps NMESIS, Army RCV programs
$142M
31
🇺🇸
Defense Unicorns
Open-source software for secure defense DevSecOps and deployment
$136M
32
🇺🇸
Armada
Relocatable ruggedized modular AI data centers (Leviathan) for defense edge computing in contested environments
$131M
33
🇺🇸
Auterion
AI-enabled autonomous operating software for drone and robotic platforms deployed in Ukraine and by Pentagon
$130M
34
🇫🇷
Unseenlabs
Maritime surveillance satellite constellation detecting vessel RF signals for defense and maritime security
$125M
EUR 107M
35
🇺🇸
Slingshot Aerospace
Space domain awareness and orbital wargaming AI — Space Force contracts for GPS jamming detection and adversary simulation
$120M
36
🇺🇸
Performance Drone Works
Autonomous drone systems for military reconnaissance and operations
$110M
37
🇺🇸
Saildrone
Autonomous surface vessels for naval surveillance, maritime ISR, and ocean intelligence deployed with NATO and US Navy
$110M
38
🇺🇸
Ursa Major
Rocket propulsion systems for defense and commercial space applications
$100M
39
🇺🇸
Mach Industries
Unmanned systems manufacturing for defense applications
$100M
40
🇺🇸
Cambium
Advanced materials and manufacturing for munitions and defense systems
$100M
41
🇺🇸
Hidden Level
Drone detection and airspace awareness systems for military and homeland security
$100M
42
🇮🇱
Heven AeroTech
Hydrogen-powered long-range high-payload drones for defense and commercial — Israel's first defense tech unicorn
$100M
43
🇺🇸
HavocAI
Maritime autonomy and AI systems for naval defense operations
$85M
44
🇺🇸
Vector
Attritable military drones manufactured at scale, including fiber-optic FPV systems
$81M
45
🇺🇸
Vatn Systems
Largest US autonomous underwater vehicle manufacturer — Skelmir AUV platforms with GPS-free navigation
$77M
46
🇺🇸
Nominal
Real-time hardware test and telemetry platform used by Anduril, Shield AI, and the US Air Force
$75M
47
🇺🇸
Neros
FPV military strike drones (Archer) with EW-resistant capabilities shipped to Ukraine and US DoD
$75M
48
🇮🇳
Digantara
Space surveillance and missile detection using space-based infrared sensors and AI analytics
$65M
49
🇺🇸
Blue Water Autonomy
Fully autonomous crew-less warships designed to operate for months across open ocean for US Navy
$64M
50
🇺🇸
Seneca
Autonomous drones and robotics for defense missions
$60M
51
🇺🇸
Clearspeed
Voice-based risk assessment and screening technology for defense and security
$60M
52
🇪🇸
Destinus
Hypersonic hydrogen-powered aircraft for defense and cargo transport
$60M
EUR 50M
53
🇺🇸
Firestorm Labs
Mobile drone manufacturing in shipping containers (xCell) and modular UAS for expeditionary defense operations
$60M
54
🇺🇸
Rivet Industries
Frontline defense hardware and systems
$58M
55
🇺🇸
Valinor
Defense technology solutions
$54M
56
🇩🇪
Tytan Technologies
AI-powered drone interceptors and missiles — combat-tested in Ukraine, scaling manufacturing across Germany and Ukraine
$53M
EUR 46M
57
🇬🇧
Uforce
Combat-proven autonomous land, sea, and aerial systems including counter-drone tech used against Shahed drones in Ukraine
$50M
58
Onodrim
Defense sensing and detection systems
$48M
EUR 40M
59
🇩🇪
ARX Robotics
AI-driven autonomous unmanned ground vehicles for European defense forces, partnering with Helsing
$45M
EUR 42M
60
🇫🇷
Cailabs
Optical communication and light shaping technology for defense and telecom
$44M
EUR 37M
61
🇺🇸
Reveal Technology
Real-time intelligence tools for defense that work without cloud connectivity
$44M
62
🇺🇸
Allen Control Systems
Bullfrog autonomous robotic weapon station for AI-guided precision counter-drone targeting
$42M
63
🇺🇸
Chariot Defense
Software-defined battlefield power distribution systems for tactical edge operations
$41M
64
🇺🇸
Seasats
Uncrewed surface vehicles for maritime defense and ocean monitoring
$40M
65
🇺🇸
Istari Digital
Digital twin platform for virtual weapons system prototyping — accelerating defense acquisition through digital engineering
$40M
66
🇺🇸
Outpost
Reusable spacecraft for cargo delivery and Earth return — $33M Air Force STRATFI contract for hypersonic re-entry testing
$40M
67
🇺🇸
Twenty
Cyber warfare and offensive cyber software for defense
$38M
68
🇺🇸
TurbineOne
Frontline perception and decision support AI for military operators
$36M
69
🇺🇸
Swarm Aero
UAV swarm technology for coordinated military drone operations
$35M
70
🇪🇪
Frankenburg Technologies
Affordable mass-manufacturable missile defense systems to counter low-cost drone threats in Europe
$33M
EUR 30M
71
🇺🇸
Rune Technologies
AI-enabled predictive logistics platform transforming military supply chains into intelligent supply webs
$30M
72
🇳🇱
Optics11
Fiber optic sensing systems for maritime defense and subsea monitoring
$30M
EUR 25M
73
🇺🇸
Grid Aero
Long-range, high-payload, ultra-low-cost autonomous cargo aircraft for military and commercial logistics
$26M
74
🇺🇸
Star Catcher
Space-based energy grid beaming solar power to satellites via laser — AFWERX SBIR contracts
$23M
75
🇺🇸
Array Labs
Radar satellite constellation for 3D Earth mapping with government awards across US armed services and intelligence
$20M
76
🇺🇸
Aeon
Low-cost tactical missile and weapon systems including Zeus anti-tank and Dart precision strike
$20M
77
🇺🇸
Aeolus Labs
AI-powered weather simulation and atmospheric risk reduction with defense applications
$17M
78
🇺🇸
Max Space
Expandable space modules that launch compact and expand 20x — for crewed missions, manufacturing, and storage across orbit and beyond
$16M
79
🇺🇸
Virtualitics
AI-powered data visualization and analytics for defense readiness
$15M
80
🇺🇸
Gallatin
AI-native logistics platform that multiplies military logisticians' capacity in contested environments
$15M
81
🇺🇸
ConductorAI
AI platform automating government and DoD approval processes, cutting document review time 50% for Air Force, Space Force, CDAO
$15M
82
🇺🇸
Scout AI
Fury robotic foundation model enabling military robots to autonomously see, understand, and act in GPS/comms-denied environments
$15M
83
🇮🇱
Tenna Systems
Real-time electromagnetic spectrum mapping platform — AccuWeather for electronic warfare — detecting jamming, spoofing, and RF interference
$14M
84
🇺🇸
Swarmbotics AI
Ground-based swarm robotics for defense and military missions
$13M
85
🇺🇸
Pryzm
AI-powered federal procurement platform connecting government and industry — selected by DIU for eWARP
$12M
86
🇰🇷
Bone AI
Autonomous UAV, UGV, and USV defense robotics with integrated AI for South Korean and allied militaries
$12M
87
🇺🇸
Poseidon Aerospace
Unmanned heavy-lift cargo aircraft (Egret STOL + Heron seaplane) carrying 2 tons over 1,500 miles
$11M
88
🇺🇸
World View
Stratospheric balloons for defense sensing, ISR, and communications
$10M
89
🇺🇸
Aurelius Systems
Autonomous laser weapons for counter-drone defense — Archimedes Laser Sentinel
$10M

Showing 89 of 89 companies