Defense tech startups raise $405 million in new funding rounds
AI-summarised brief · reviewed before publication
Defense technology startups ORAN Development Company and Performance Drone Works have secured significant funding. ORAN Development Company received $45 million in Series A capital for its AI-native platform, aimed at unifying communication and edge intelligence functions in radio networks. Meanwhile, Performance Drone Works secured $110 million in Series B capital to ramp up drone production and pursue government contracts. These investments are significant, as they support the development of cutting-edge technologies in defense and telecommunications.