News Score: Score the News, Sort the News, Rewrite the Headlines

Defense Startup Auterion Raises $130 Million to Become Microsoft for Drones

Auterion, a startup that provides software to military drones, has raised $130 million to expand its operations abroad, including in geopolitical hotspots Ukraine and Taiwan, a further sign that private investors are pouring money into defense. Bessemer Venture Partners led the financing round, which includes existing Auterion investors Lakestar and Mosaic, the company said in a statement on Tuesday. Lorenz Meier, Auterion’s chief executive, said the funding gives his company a valuation “north ...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines