Heaviside Industries raises $60 million Series B at $600 million valuation
Heaviside Industries raised a $60 million Series B led by Felicis at a $600 million valuation and announced Nammo as warhead supplier for its autonomous precision-strike platforms.
Why it matters
Heaviside Industries announced a completed financing round.
Evidence notes
- Felicis led the round with significant participation from Hedosophia; Menlo Ventures, Cantos, Flume Ventures, Qstar Capital, Friends & Family Capital, Anorak Ventures and MVP Ventures also participated.
- Nammo will supply warheads and associated supply-chain capacity across Heaviside’s multi-domain munitions platforms.
- Heaviside will increase production capacity, hire, fulfil existing customer commitments and expand its U.S. operating footprint.