Category Archives: Business News

Auterion Raises $130M Series B for AI-Enabled Software

Auterion, a provider of autonomous systems software for defense, has announced that it has raised $130 million in Series B funding led by Bessemer Venture Partners. Auterion’s Series B funding will accelerate its mission to “build swarms, not individual drones” by scaling production of its AuterionOS platform and Nemyx defense system, which turns autonomous drones into coordinated combat forces operating across air, land, and sea domains. Continue reading

Kratos to be Exclusive US Manufacturer for the Elroy Air Chaparral VTOL Cargo Drone

Kratos Defense & Security Solutions, Inc. , a Technology Company in the Defense, National Security and Global Markets, announced that Elroy Air, a developer of autonomous aerial cargo systems for middle-mile logistics and military resupply, has selected Kratos as Elroy Air’s exclusive U.S. manufacturing partner for the Chaparral in a new five-year strategic manufacturing agreement to accelerate expected high-volume production of the Chaparral hybrid-electric autonomous vertical takeoff-and-landing (VTOL) cargo drone. Continue reading