AeroVironment Gets $96M US Army Next-Generation C-UAS Missile Contract

AeroVironment, Inc. has been selected to deliver the U.S. Army’s Next-Generation C-UAS Missile (NGCM). Along with this selection, AV was awarded a $95.9 million contract for the U.S. Army’s Long-Range Kinetic Interceptor (LRKI) program through the U.S. Army Combat Capabilities Development Command Aviation & Missile Center (CCDC AvMC) Aviation & Missile Technology Consortium (AMTC). Continue reading

Startup Raises $60M to Fight Wildfires with Water Cannons on Drones

Seneca, the resilience technology and infrastructure company, announced its public launch and a $60 million financing round. The round, believed to be the largest venture capital round in fire technology to date, was led by Caffeinated Capital and Convective Capital, with participation from First Round Capital, Transition VC, Advance Venture Partners, Nextview Ventures, Bullpen Capital, Stepstone Group, DCVC, Offline Ventures, Roar Capital, and Slow Ventures. Continue reading