Hermeus Raises $350M To Build Autonomous Hypersonic Fighters

Hermeus Raises $350M To Build Autonomous Hypersonic Fighters

Hypersonic Fighter Startup Hermeus Hits $1B Valuation With a Jaw-Dropping $350M Raise Defense startup Hermeus just became a billion-dollar company. The Los Angeles-based aerospace firm has raised $350 million to accelerate development of what it calls the fastest unmanned aircraft ever built. The funding round, announced Tuesday, pushes Hermeus into unicorn territory and signals a seismic shift in how private capital is flowing into next-generation defense technology. If you have been watching the defense tech space, this one is worth paying close attention to. A New Unicorn Is Born in Defense Tech The $350 million raise is split into two parts. A $200 million equity round was led by a prominent Silicon Valley venture firm, with participation from existing backers including Canaan Partners, Founders Fund, In-Q-Tel, and RTX Ventures. New investors include the venture arm of media conglomerate Cox Enterprises and Destiny Tech100, a publicly traded closed-end investment company. Together, …