Rahul Dubey, vice president of global regulated markets solutions at CyberArk, said federal agencies should treat artificial intelligence agents as a new class of privileged identities to mitigate emerging security risks. “AI agents have access to an organization’s most sensitive resources, which makes them privileged identities. And alt...
Overmatch Ventures has raised a $250 million second fund to expand investments in early-stage companies focused on defense, space and deep technology sectors. What Is the Investment Focus for Fund II? The venture capital firm said Tuesday the oversubscribed raise, which builds on its $70 million debut fund, will be utilized to expand Overmatch&...
Performance Drone Works has raised more than $110 million in a Series B financing round to scale military drone production, strengthen engineering capabilities, expand product offerings and support future growth initiatives and other strategic programs. The latest funding round reflects continued investment activity across the defense technology and...
Raytheon, an RTX business, has received two contract modifications with a total value of $966.7 million from the Missile Defense Agency to support continued development and sustainment of the Army Navy Transportable Radar Surveillance Control Model-2, or AN/TPY-2, system. What Is the Scope of the $773.5M Modification? The Department of War...
Shield AI has agreed to acquire simulation software company Aechelon Technology as part of efforts to expand its technological capabilities. The San Diego-based defense and aerospace technology company said Thursday it is also raising $1.5 billion in a Series G funding round at a post-money valuation of $12.7 billion, alongside $500 m...
Parsons Government Services has secured a potential $98.5 million task order from the Air Force Research Laboratory to support command and control, space, and intelligence, surveillance and reconnaissance software development under the second iteration of the Global Application Research, Development, Engineering and Maintenance program. T...
Anduril Industries and Palantir Technologies are helping develop software for the potential $185 billion Golden Dome next-generation missile defense shield, The Wall Street Journal reported Tuesday. The companies are part of an industry consortium working to deliver a command-and-control platform that would process data from disparate sources and en...
Sean Vineyard has assumed new responsibilities as senior vice president of growth operations at Tria Federal. The Arlington, Virginia, company said in a LinkedIn post Wednesday that Vineyard will lead efforts to drive enterprise business development and execute its capture and growth strategy. “I’m excited for the opportunity to deliver ...
Shaun Swartz has been appointed vice president of defense at Unissant, where he will oversee the company’s Department of War growth strategy. What Will Swartz Focus On at Unissant? Unissant said Thursday Swartz will help strengthen partnerships across the defense ecosystem and guide customers in advancing capabilities from pilot effo...
The Department of War has awarded T2S Solutions a five-year contract valued at more than $600 million to support cybersecurity efforts for defense infrastructure. The latest cybersecurity contract award underscores the growing importance of digital defense in national security strategy as threats continue to evolve. These priorities, along with the ...
