Less than six months after raising $145 million in a Series B round, Chaos Industries, a startup specializing in defense and critical infrastructure technology, has successfully closed a $275 million Series C funding round. This latest investment values the company at $2 billion.

Funding Details

The Series C round was spearheaded by prominent investors, including Accel and New Enterprise Associates. Additional contributions came from StepStone Group, Overmatch Ventures, Tru Arrow Partners, and Valor Equity Partners.

About Chaos Industries

Based in Los Angeles, Chaos Industries focuses on advanced detection, monitoring, and communication systems for both defense and commercial sectors. Their flagship product, the Vanquish radar, offers early warning and tracking capabilities against unmanned aerial vehicles, missiles, and aircraft.

“CHAOS Industries is delivering transformative solutions that address critical defense objectives,” stated John Tenet, founder and co-CEO. “The future of our national security hinges upon our access to advanced defense technologies and our willingness to invest in their development. The latest funding round demonstrates our company’s commitment to this mission.”

Since its inception in 2022, Chaos Industries has raised a total of $490 million.

Trends in Defense Tech Funding

Chaos Industries is not alone in attracting significant investment in the defense space. Mach Industries, which develops vertical liftoff vehicles and cutting-edge weaponry, is reportedly nearing a $100 million funding round co-led by Khosla Ventures and Bedrock Capital.

According to Crunchbase, funding for venture capital-backed startups in the defense sector, encompassing military, national security, and law enforcement, reached $3 billion across 102 deals last year. This marks an 11% increase from the $2.7 billion raised in 2023 through 100 transactions. This year could see further growth in the sector.