Saturday, November 30, 2024
HomeFunding CA-based Chaos Industries has Secured $145Million in Series B Round Funding

[Funding news] CA-based Chaos Industries has Secured $145Million in Series B Round Funding

[Funding news] CA-based Chaos Industries has Secured $145Million in Series B Round Funding

Chaos Industries, a tech company focused on defense and critical industry technologies, has raised $145 million in Series B funding, bringing its total funding to $215 million. This round was led by Accel, with support from 8VC, Overmatch Ventures, Lerner Enterprises, and current investors.

The company plans to use this funding to develop advanced detection, monitoring, and communication solutions for defense, government, and commercial sectors. It will also speed up product development, expand hiring, and scale up manufacturing.

Founded in 2022 by John Tenet, Dr. Bo Marr, Gavin Hood, and Brett Cummings, Chaos Industries is a tech company focused on defense and critical industry solutions. Using an engineering-driven approach, it provides engineers with tools to solve real-world challenges.

Read also – [Funding news] NC-based mPATH Secures $3Million in Funding

Their fast-paced engineering process enables quick prototypes, and strong partnerships with defense and industry ensure their solutions are practical. Currently, Chaos Industries is developing a product line called Coherent Distributed Networksā„¢, designed for high-performance sensors and effectors.

The first product in this line, Vanquishā„¢, is a versatile radar system that offers early warning and tracking for drones, missiles, and aircraft.

The company recently appointed former U.S. Congressman and CIA veteran Will Hurd as its Chief Strategy Officer.

About Chaos Industries

Chaos Industries is a tech company developing the next generation of defense and critical industry technologies. With an engineering-focused approach, it empowers skilled engineers to create solutions for important real-world challenges.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular