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Castelion raised $1 billion in a Series C at a $13 billion valuation, co-led by Andreessen Horowitz, Carlyle, and JPMorgan Chase. The company has secured over $500 million in U.S. military contracts and plans to expand production.
Terra Industries announced an additional $18 million in funding, bringing its seed round to $52 million, to develop autonomous systems, drones, and mine-detecting combat vehicles for the Global South. The company claims it is on track to book $100 million in contracts by year's end, though these figures are self-reported.