This Week's Dealflow: Invary, Castelion, Mistral, Zoltix
Active VCs: SineWave Ventures, Flyover Capital, Hyperlink Ventures, Andreessen Horowitz, BlueYard Capital, Cantos, First In, Interlagos Capital, Lavrock Ventures, Lightspeed Ventures - and more!
For the week of February 10, 2025 we saw deals covering data integrity, defense tech manufacturing and UAS/ Counter UAS.
Invary, a pioneer in Runtime Integrity solutions, successfully raised a $3.5 million Seed funding round from SineWave Ventures, Flyover Capital, Hyperlink Ventures, and KCRise Fund. This funding enables Invary to advance its mission of verifying the Runtime Integrity of entire systems, ensuring comprehensive confidentiality and security. Read more here.
El Segundo-based Castelion is a defense tech company that applies modern hardware development and manufacturing processes to national security challenges. Founded by Andrew Kreitz, Bryon Hargis, and Sean Pitt in 2022, Castelion has now raised a total of $89.6M in total equity funding and is backed by Andreessen Horowitz, BlueYard Capital, Cantos, First In, Interlagos Capital, Lavrock Ventures, Lightspeed Venture Partners, and Silent Ventures. Read more here.
Startups Mistral Inc. and Zoltix received a total of $150,000 USD in awards for their respective first-place solutions pitched in the Defense Innovation Unit (DIU) and Singapore Ministry of Defence (MINDEF)’s two-part joint challenge. This effort sets a path to adopt and scale the novel unmanned aerial systems (UAS) communications and counter-UAS (CUAS) technologies from the companies to solve operational challenges faced by both militaries. Read more here.