"Hermeus has raised $350 million to continue developing what it calls the 'fastest unmanned aircraft,' with a valuation now at $1 billion."
"The startup's funding includes $200 million in equity financing led by Khosla Ventures and $150 million in debt, allowing for non-dilutive financing."
"Piplica noted that the decision to collaborate with Pratt & Whitney on modifying the F100 engine has accelerated their development process."
"Venture capital investment in defense tech reached over $9 billion last year, indicating a significant influx of capital into the sector."
Hermeus, a defense startup, has secured $350 million in funding, including $200 million in equity financing led by Khosla Ventures and $150 million in debt. This funding will support the development of its hypersonic aircraft, leveraging a partnership with Pratt & Whitney to modify an existing engine. The startup's valuation has reached $1 billion, reflecting a growing interest in defense technology investments, which exceeded $9 billion globally last year. Hermeus aims to expand its manufacturing capabilities while maintaining control over its financial structure.
Read at TechCrunch
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