Hi, it’s Preston Fore, in for Allie. Earlier this month, defense tech firm Mach Industries raised $600 million in a Series C extension at a $3.7 billion valuation. That’s more than double the $1.8 billion valuation Mach reached just three months earlier when it raised its initial $300 million Series C led by Ribbit Capital,
Anthropic lost a legal battle to overturn one of the supply-chain risk labels that the US Department of Defense slapped on the company, as a federal appeals court in DC on Friday refused to second-guess the Trump administration. “The department had ample support for its conclusion that the continued integration of Claude into the department’s
The Department of Defense has ordered 30 U.S. universities to audit their partnerships with mostly Chinese universities and military training institutions as the Trump administration scrutinizes the country’s growing global influence. If the schools don’t complete a review and terminate any arrangements deemed problematic within the next two weeks, they face losing funding. The goal is
Preston Fore here. Landing a defense contract has historically meant navigating layers of government bureaucracy, with proposals often taking years to turn into cash. But software unicorn Code Metal is getting something new defense contractors rarely get from the Pentagon: speed. The Boston-based firm just landed an $80 million contract to modernize and AI-enable WarMatrix,
