A two-year-old autonomy startup announced a $100 million Pentagon contract. The federal notice matching that description is a prize challenge offering up to $100 million across multiple awards.
Castelion's $1 billion Series C at a $13 billion valuation puts private money behind a Pentagon production plan that still depends on successful tests, a procurement contract and Congress.
Lyntris priced below range, cut its IPO by seven million shares and fell 11.4% on debut. Public investors now want GAAP profit, lower leverage and core growth from defense tech, while private capital still entertains an Anduril valuation near $100 billion.