This Week's Dealflow: Helsing, Adyton, Q5D, Applied Intuition
Plus: Geodesic's new defense tech fund; China's lead in drones; Speeding Defense Acquisition -- and more!
For 19 June 2025, here are the dual-use deals, investors, and news we’re covering:
Helsing Raises $694M in New Round
European defense technology startup Helsing has raised 600 million euros ($693.6 million). The round was led by Prima Materia, the VC firm founded by Spotify CEO Daniel Ek. Lightspeed Venture Partners, Accel, Plural, General Catalyst, Saab, and BDT & MSD Partners also participated.
Helsing provides AI-driven software solutions to enhance military capabilities such as autonomous systems for democratic governments. For example, its Altra Recce-Strike software platform integrates various data inputs to accelerate target identification, localization, assignment, and engagement.
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Q5D Secures £10M in Series A Funding
Q5D has raised $13.5M in funding to advance its robotic cells that automate product electrification, bringing its total funding raised to $16.7M. This latest funding round included a $2.6M grant from Innovate UK and a $10.9M in private investment from Lockheed Martin Ventures, Chrysalix, Maven SWIF, SOSV, UKI2S, UntroD and CPI Enterprises.
Q5D’s 5-axis manufacturing robots produce parts on demand and automate embedding wiring directly into the structure of a product, boosting productivity. This process can be co-located with final assembly to simplify supply chains and make them more resilient.
Adyton Closes $11M Funding Round
Adyton announced an $11 million funding round led by Venrock, with participation from Khosla Ventures, Liquid 2 Ventures, Alumni Ventures, Initialized Capital, Kindred Ventures, and Leblon Capital.
Founded in 2019, Adyton’s technology digitizes and automates Department of Defense operations and generates real-time data about personnel, equipment, and munitions.
Applied Intuition Raises $600M in Series F Round
Applied Intuition, which provides technology for autonomous vehicles, and drones has raised $600M. The financing was co-led by BlackRock and Kleiner Perkins. Additional investors included Franklin Templeton, the Qatar Investment Authority, Lux Capital, BOND, and General Catalyst.
The company, which recently announced a partnership with OpenAI, works with automotive businesses to integrate AI technology into their vehicles’ dashboards. The company has also won Defense Department contracts to help coordinate drone activity, and it bought national security startup EpiSys Science Inc. earlier this year.
This Week’s Investors:
Accel
Alumni Ventures
BDT & MSD Partners
BlackRock
BOND
Chrysalix
CPI Enterprises
Franklin Templeton
General Catalyst
Initialized Capital
Khosla Ventures
Kindred Ventures
Kleiner Perkins
Leblon Capital
Lightspeed Venture Partners
Liquid 2 Ventures
Lockheed Martin Ventures
Lux Capital
Maven SWIF
Plural
Prima Materia
Qatar Investment Authority
Saab
SOSV
UKI2S
UntroD
Venrock
Contact Us
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