Chaos Industries, a defense and critical infrastructure technology startup, has secured $145 million in a Series B funding round. The investment, led by Accel, demonstrates the continued interest and significant capital flowing into the defense technology sector.
Other participants in the round included 8VC, Overmatch Ventures, Lerner Enterprises, and existing investors. Chaos Industries, based in Los Angeles, had previously raised $70 million in a Series A round led by 8VC last year. The company focuses on advanced detection, monitoring, and communication solutions, targeting both defense and commercial sectors. Their Vanquish radar system is designed to provide early warning and tracking capabilities against various threats, including unmanned aerial systems, missiles, and aircraft.
“U.S. national security is at an inflection point,” stated John Tenet, founder and co-CEO of Chaos Industries. “As our adversaries become more sophisticated, America must embrace next-generation technological innovation to combat more complex national security threats. This funding will accelerate Chaos Industries’ ability to provide the cutting-edge technological solutions the U.S. and its allies need to remain secure.”
Chaos Industries is not alone in attracting substantial investment. Over the past few months, several defense tech startups have successfully closed significant funding rounds.
In late August, Parry Labs, a company specializing in digital systems for the defense industry, including mission-critical software and advanced AI, completed an $80 million round led by Capitol Meridian Partners.
In mid-September, Forterra, a self-driving technology company, closed a $75 million Series B round. The investment was led by Hedosophia, Moore Strategic Ventures, and XYZ Venture Capital.
Given the current investment landscape, more large funding rounds in the defense tech sector are anticipated.
