Private defense AI companies by latest valuation

Anduril sells autonomous defense hardware and AI software to the US and allied governments. Its Lattice platform connects sensors and weapons across systems, with sensor fusion, network management and distributed command and control. It can integrate third-party sensors, including acoustic and radar equipment, into the same network for identification and tracking. The company funds its own development and sells finished products, alongside work on larger military programs.

Its maritime business includes Ghost Shark underwater vehicles for the Royal Australian Navy under an A$1.7 billion program of record. Australia says the first production vehicle was delivered for testing and acceptance early in 2026, with further deliveries over the following years. In aviation, Anduril's YFQ-44A is undergoing Air Force operational exercises, including mission autonomy flights overseen by service personnel. These exercises support development toward operational fielding.

Anduril announced its $5 billion Series H on 13 May 2026 at a $61 billion valuation, led by Thrive Capital and Andreessen Horowitz. The company allocated the capital to manufacturing, research and infrastructure needed to produce and field defense systems. That announcement also reported $2.2 billion in 2025 revenue and the transition of additional developmental systems into production.

Shield AI sells Hivemind autonomy software for military users and vehicle manufacturers, alongside V-BAT and X-BAT aircraft. Hivemind supports autonomous missions and coordinated teams in environments with jammed GPS or communications. Customers can commission turnkey AI pilots through Hivemind Solutions or use Hivemind Enterprise to develop, test and deploy their own pilots. The company says customers retain rights to the intellectual property they build for their systems.

The US Air Force selected Shield AI as a Collaborative Combat Aircraft autonomy provider, with Hivemind integrated on Anduril's YFQ-44A for testing. Shield AI also completed its Aechelon acquisition on 22 June 2026. Aechelon supplies simulation and sensor modeling used to train pilots and test aircraft, including support for the Pentagon's Joint Simulation Environment. It continues serving existing customers while working with the Hivemind division.

On 5 November 2026 Shield AI announced a $1 billion Series H at a $28.8 billion valuation, part of $2.5 billion in financing that also includes structured equity from Blackstone-managed funds and debt led by JPMorgan. The same day it agreed to buy radar maker Echodyne in a deal valued at up to $5.3 billion, expected to close in early 2027. Its March Series G had valued the company at $12.7 billion.

Helsing develops military AI and autonomous systems, including aircraft, strike drones and air defense. Its Contra system, unveiled on 26 October 2026, combines sensors and interceptors into a single air picture. Helsing says its Altra command platform keeps decisions and priorities with users while coordinating detection and engagement of drone and missile threats.

For buyers integrating existing equipment, Contra is designed to accept third-party defense hardware, including interceptors, lasers, guns and net systems. Helsing is also developing two container-launched interceptors: AD-1 Inferno and AD-2 Ambush. AD-1 uses jet propulsion and is designed for loitering and repeated engagements; AD-2 uses a solid rocket motor, with a stated Mach 2.5 speed and range of 20km+. Both use ground-based mid-course guidance and onboard radar for terminal guidance. Their mass production is planned at Resilience Factories.

Helsing raised a $1.8 billion Series E on 13 July 2026. S&P Capital IQ records an $18 billion post-money valuation and names Dragoneer and Lightspeed as co-leads. The company's announcement lists new and existing investors including Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst and Plural.

Applied Intuition sells autonomy software and simulation infrastructure to defense customers, with commercial businesses in automotive, trucking, mining, construction and agriculture. Its defense offer includes Acuity all-domain autonomy, a vehicle operating system and Axion tooling. The autonomy stack supports platform control and coordination between machines over mesh networks.

The vehicle operating system brings software, sensors and data into one platform for updates and mixed-fleet coordination. Axion gives developers and operators a shared environment for testing, integration and deployment. Applied Intuition also acquired defense autonomy company EpiSci. Its commercial partnerships include TRATON, Isuzu, Porsche and Audi, and it has released an off-road autonomy stack. These sit alongside its defense tools within the same vehicle software business.

On 17 June 2025, it closed a $600 million Series F fundraise and tender offer at a $15 billion valuation. BlackRock-managed funds and accounts and Kleiner Perkins co-led the transaction. The amount combines company financing with a tender offer for existing shares. Other participating investors included Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest and Stripes. Applied Intuition said the proceeds would support product expansion and team growth across its vehicle software businesses.

Saronic builds autonomous surface vessels for naval customers. Its fleet ranges from the 24-foot Corsair to 180-foot Marauder, with AI-driven maritime systems for defense and commercial applications. The company reports a $392 million Navy production contract and is expanding its Louisiana shipyard while developing Port Alpha.

On 31 March 2026, it closed a $1.75 billion Series D led by Kleiner Perkins at a $9.25 billion valuation. Sacra identifies that as a post-money financing valuation. Saronic says the capital will fund manufacturing and fleet development, including vessels with greater range, endurance and payload capacity. Those improvements form part of its development plans.

Quantum Systems supplies reconnaissance aircraft and ground systems and connects them through MOSAIC UXS, its software ecosystem for uncrewed vehicles. Its product range includes Vector AI reconnaissance aircraft, tactical mapping aircraft and ground autonomy kits. The company reports that its systems flew over 19,000 Ukraine missions in 2025.

On 2 July 2026, Quantum Systems announced the signing of a $1.2 billion Series D at approximately $8 billion post-money. Blackstone, Noteus, Airbus and Advent co-led the financing. The announcement describes capital for production capacity, supply chains, allied-market deliveries and further software and AI development, alongside a deeper collaboration with Airbus on European defense capabilities.

TEKEVER supplies autonomous surveillance aircraft for defense and civil missions. Its AR5 is the basis of the British Army’s CORVUS program, selected by the UK Ministry of Defence. The program is worth up to £400 million over ten years; that figure covers the program rather than an individual aircraft.

Its 23 September 2026 announcement covered the first close of a planned $580 million Series D, led by UC Investments and Baillie Gifford. The financing values TEKEVER at $6.4 billion post-money. The first close covered most of the round, with additional closings still expected. TEKEVER allocated the financing to industrial and technological capacity, international expansion and acquisitions.

Skydio builds drones for military and civilian users, including public safety and infrastructure teams. Its military X10D carries visual and thermal cameras and uses computer vision for navigation and obstacle avoidance. Skydio lists a 45 mph maximum flight speed, IP55 dust and water protection, and vision-based navigation and return features for GPS-denied environments.

The aircraft has four modular attachment bays and supports third-party controllers and flight applications. Skydio announced $110 million in Series F on 23 April 2026 at a $4.4 billion valuation, led by existing investors. It says the capital supports production across defense and civilian markets, including public safety, infrastructure and site security.

On 5 November 2026 Axon announced a further $1.2 billion investment in Skydio at a $5.2 billion pre-money valuation, adding about 20% to Axon's fully diluted stake, to expand its Drone as First Responder program.

Mach Industries develops autonomous military systems for long-range strike and counter-drone missions, and sells engines and energetic components to other manufacturers. On 10 September 2026, it announced a $600 million Series C continuation at a $3.7 billion valuation. The financing supports development and manufacturing expansion as platforms move toward production.

Allen Control Systems sells Bullfrog, a robotic counter-drone weapon station that detects and tracks targets using computer vision. It works with existing weapons and leaves engagement decisions with the operator. The company lists Army, Navy and Air Force systems as deployed, with Abrams, Bradley and Marine Corps integrations selected.

The M240 and M2 variants are available; the 30 mm chain gun, dazzler and 3 kW laser versions remain in development. ACS announced a $200 million Series B at a $2.2 billion post-money valuation, led by Smash Capital. Its company news listing dates the announcement to 5 June 2026. The funding supports manufacturing, deployment and new product lines.

Harmattan AI develops autonomous defense systems, spanning surveillance, interception, electronic warfare and command software. It reports programs of record with the French and UK defence ministries and says it is scaling production of surveillance, drone interception and electronic warfare platforms.

Dassault Aviation led its $200 million Series B, announced on 12 January 2026, at a $1.4 billion post-money valuation recorded by S&P Capital IQ. The accompanying partnership covers embedded AI for Rafale F5 and UCAS, particularly control of unmanned aircraft. That collaboration concerns future air combat systems, while the funding also supports deployment of Harmattan's existing portfolio into new operational theaters.

TurbineOne's software lets intelligence teams search imagery in isolated networks without a public cloud connection. It has a Defense Innovation Unit prototype contract for military machine learning. Forge records a $36 million Series B on 14 May 2025 at an estimated $300 million post-money valuation.

Alta Ares builds air defense software and interceptors for military customers, combining detection, identification, tracking and terminal guidance. X-Lock is designed for Shahed-136-type threats within a 15 km operational radius. Black Bird targets faster threats, with a stated 30 km operational radius. These are the company's design specifications.

It announced a €50 million funding round on 9 June 2026, led by Air Street Capital with Cherry Ventures, OTB Ventures and Harpoon Ventures participating. Alta Ares allocated the funding to industrialization and product development, international expansion, and additional production capacity at its facilities in Toulouse and Ukraine.

ARX Robotics offers Gereon unmanned ground vehicles and Mithra OS, software for upgrading existing military fleets. Its systems support logistics, evacuation and reconnaissance, with deployments reported across European armed forces including Germany, Ukraine and the UK. The company also works with Daimler Truck and RENK on vehicle digitization and industrial expansion.

A €11 million Series A extension led by Speedinvest brought the Series A to €42 million, according to the 29 July 2025 report. The financing supports software development, serial production and additional European facilities. ARX's approach includes retrofitting legacy military vehicles through Mithra OS as well as building new unmanned platforms.

Auterion sells software for autonomous fleets to US and allied defense customers. AuterionOS connects vehicles from different manufacturers; Nemyx coordinates fleets, while Skynode X supplies onboard AI and mission computing. The company reports deployments in Ukraine and a Pentagon contract for AI strike kits for Ukrainian forces.

Its $130 million Series B package, announced on 23 September 2025, was led by Bessemer Venture Partners. The total includes $25 million in non-dilutive capital, backed by the Office of Strategic Capital and provided by Rochefort. Auterion allocated the financing to scaling AuterionOS and Nemyx, supporting coordinated operations across air, land and sea.

Delian Alliance Industries sells Osiris navigation for UAVs operating without satellite navigation. Its daytime unit is priced under €3,000 per unit, with licensable intellectual property also offered. The company raised a $14 million Series A, announced on 29 July 2025 and co-led by Air Street Capital and Marathon Venture Capital.

Frankenburg Technologies develops guided interceptor missile systems for armed forces. Its initial Mark I is a short-range air-defense missile designed to work with existing sensors and command systems. The company deliberately constrained its requirements to support modular manufacturing and faster development; its February funding announcement described advanced testing and industrialization.

On 24 February 2026, Frankenburg announced a €30 million Series A led by Plural, with SmartCap participating. The capital supports missile production, rocket motor and warhead manufacturing, and expansion in the UK and Germany. Its plans include two EU production sites designed for capacity from 100 missiles per day per site, a planned manufacturing rate.

Overland AI builds autonomous off-road military vehicles and retrofits vehicles already in service. OverDrive handles terrain perception and route planning; SPARK adds autonomy to existing platforms. OverWatch lets one operator task multiple robots, monitor vehicle health and command payloads through a shared interface.

The company works with Army and Marine Corps units, including the 82nd Airborne Division and 2nd Marine Logistics Group, on missions such as resupply and breaching. On 3 February 2026, it announced $100 million in funding. 8VC led the equity round, while the total includes a $20 million venture debt facility from TriplePoint Capital. The financing supports manufacturing, field support and operational integration with military units.

Rebellion Defense develops AI software for national security customers. Its $150 million Series B in September 2021 came at a reported $1 billion valuation, its last disclosed round.

Reveal Technology sells offline intelligence software for military teams. Farsight converts imagery into 3D terrain maps for planning and analysis, while Identifi performs mobile biometric identity checks, online or offline. The company reports military and Special Operations users, including Farsight deployments through Army Nett Warrior and Identifi production for Special Operations forces.

Its Farsight 2.0 release on 12 October 2026 added a global world model that combines authorized drone, satellite and sensor imagery. Users can update and analyze terrain offline, and task drones to collect imagery from the same interface. Existing tools include line-of-sight analysis, landing-zone assessments and AI-assisted route planning. Reveal says the update goes to existing Farsight users, with newly fielded units receiving it at installation on hardware soldiers already use.

Reveal closed a $30 million Series B on 29 July 2025, led by Ballistic Ventures, with defy.vc, Booz Allen Ventures and Shield Capital among the participants. The October product announcement also reported a $9.5 million Army purchase order under its existing GSA IDIQ contract, covering procurement, distribution, training and sustainment for additional infantry brigades.

TYTAN Technologies builds AI-powered drone interceptor systems for military air defense. It reports Ukrainian orders for thousands of METIS interceptors and a German military commission for command infrastructure and effectors. Its €30 million Series A, announced on 24 February 2026, was co-led by Armira and NATO Innovation Fund to expand manufacturing and development.