Why are investors flocking to defense tech startups like Chaos Industries
Description
Chaos Industries raised $145 million in a Series B funding round led by Accel, attracting interest from several investors including 8VC and Overmatch Ventures. The Los Angeles-based startup previously secured $70 million in a Series A funding round. Chaos Industries focuses on detection, monitoring, and communication solutions for defense and commercial sectors, with products like the Vanquish radar, which provides early warning against various threats. Founder John Tenet noted a need for technological innovation in U.S. national security. Other defense tech startups, such as Parry Labs and Forterra, also completed substantial funding rounds recently, indicating a trend of increasing investment in the defense tech sector.
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