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Defense Unicorns, a provider of artificial intelligence capabilities and open source software for national security, raised $35 million in its Series A funding round from investors led by Sapphire Ventures and Ansa Capital. Defense Unicorns said Thursday it will use the funds to advance its mission-focused capabilities.
MoreA new five-year Research and Markets forecast says increased global military spending in battle communication or network-centric warfare systems will help steer the software-defined radio market's direction. The research company said Wednesday it estimates that the worldwide market for SDR products will grow more than 6 percent over the next five years and expects the defense segment to experience the highest growth rate.
MoreAn Ultra Electronics subsidiary has received a $31M order to supply software-defined tactical radio systems to the U.S. Marine Corps for line-of-sight communications. USMC ordered ORION X500 radios via a potential $497M indefinite-delivery/indefinite-quantity contract Ultra TCS secured last year, the company said Monday.
MoreJerry DeMuro, CEO of BAE Systems’ U.S. subsidiary and a three-time Wash100 award winner, and Tom Arseneault, company president and chief operating officer and a 2020 Wash100 awardee, told C4ISRNET in an interview published Monday about the opportunities they see in the company’s proposed acquisition of two businesses from Raytheon and United Technologies Corp.
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