Startups in sectors including space infrastructure, defense biotech, industrial AI, and fintech raised $790 million in the last 24 hours. European defense tech firms secured an additional €28 million.
Xona Space Systems led the funding with $250 million at a $2.45 billion valuation to develop its satellite navigation network. Industrial AI firm Tractian raised $130 million, reaching a $1.4 billion valuation.
Defense biotech startup Warhound secured $200 million in seed funding at a $1.2 billion valuation. The company, founded by Ben Lamm and Palmer Luckey, aims to use genetics and cloning to improve working dogs for defense.
Other notable rounds include Formic with $50 million for robotics, Cognitive Credit with $40 million for AI-assisted research, and Coast with $35 million for fintech automation. Beyond Vision in Portugal raised over €28 million for drone production.
Enact Intelligence secured $30 million in pre-seed funding, while cybersecurity startup Mave raised $28 million. Slingshot Insurance closed a $27 million round to support its digital insurance platform.
