"CEO AJ Piplica stated, 'Yeah, we could crash an airplane, and I expect it'll happen at some point in our development program. We're set up to do that very safely.'"
"Hermeus has been building what it describes as the fastest unmanned aircraft in development, with a deliberate iterative approach to tackle technical challenges on the path to Mach 5 hypersonic flight."
Hermeus, a Los Angeles-based defense startup, has raised $350 million, valuing the company at $1 billion. The funding includes $200 million in equity and $150 million in debt. Founded in 2018, Hermeus focuses on developing the fastest unmanned aircraft, with a goal of achieving Mach 5 hypersonic flight. The company adopts an iterative approach, building one aircraft per year to tackle specific technical challenges. CEO AJ Piplica acknowledges that hardware failure is a planned milestone, not a risk to avoid, and a third aircraft is currently in development.
Read at TNW | Startups-Technology
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