Latest Articles in defence

Defence Startup Mach Industries Secures $5.7mn In Seed Round

According to PitchBook data, venture capital firms invested USD 34.3 billion in defence technology startups in 2022, more than double the amount invested in 2019.

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Assystem Acquires A 99% Stake In STUP

The infrastructure sector has become one of the biggest focus areas for the Government of India. An amount of Rs. 111 lakh crore (US$ 1.4 trillion) has been allocated under the National Infrastructure Pipeline for FY 2019-25 whilst the energy sector is expected to account for 24% of capital expenditure over FY 2019-251.

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Zetwerk Forays Into Aerospace, Defence

In February, Zetwork raised $120 million in a Series D funding round led by Greenoaks Capital, a USA-based finance company. Sequoia Capital and Kae Capital also participated in this round.

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Big Bank Boom Raises $1 Million Through Mumbai Angels Network

The startup claims to have in house capabilities to develop critical solutions for the security and defense space.

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India Looking to Step Up Its AI Game in Defence

The defense consortium of the country is now moving towards the expertise of AI in this area by taking hint from countries like the US and China that are focusing on artificial intelligence and machine learning to be able to make Lethal Autonomous Weapon Systems (LAWS)

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