Castelion raised $800 million.
Castelion raised $800M Series C at $13B valuation to scale hypersonic missile production amid arsenal depletion. Lower-cost missile market accelerates as geopolitics and supply constraints force defense-tech consolidation; speed-to-deployment becomes the differentiator.
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Castelion, a Torrance, Calif.-based developer of hypersonic missiles, raised $800 million in Series C equity funding at a $13 billion post-money valuation.
Why it matters: Startups are racing to help fill stockpiles depleted by the wars in Iran and Ukraine.
The $1 billion Series C was co-led by Andreessen Horowitz, Carlyle, and JP Morgan Chase.
The round will fund expanded production of the Blackbeard hypersonic missile and development of longer-range strike and defensive…
Castelion, a nearly four-year-old startup that makes hypersonic missiles, is aiming to raise a new funding round at a valuation…
Hypersonic missile startup Castelion raises $1 billion Hypersonic missile startup Castelion raises $1 billion
Hypersonic weapons are systems capable of sustained flight above Mach 5
Castelion raised $1bn at a $13bn valuation to mass-produce hypersonic missiles. The Navy has so far ordered 50 pre-production…
Hypersonic missile startup Castelion raises $1 billion
