Mega-rounds ($100M+)

tracked under Startups ▸ Funding & valuations

Defense tech startups raise $14.6bn in five months, smashing 2025's full-year record

Anduril, Shield AI and Saronic account for $8.75bn of the total; the Pentagon is now actively encouraging VC participation and the sector is consolidating fast

Whose Money ·6 takes ·Jun 25

Ramp raises $750m at $44bn valuation, nearly triples in a year

Iconiq, GIC and Ontario Teachers lead the spend-management platform's Series F; annualised revenue tops $1bn as companies lean on Ramp to control AI budgets

Whose Money ·5 takes ·Jun 25

Anduril doubles to $61bn valuation in $5bn Series H

Thrive Capital and a16z lead the largest-ever defense-tech private round; revenue doubled to $2.2bn in 2025 and the Army's $20bn Lattice counter-drone contract underpins the raise

Whose Money ·6 takes ·Jun 25

Skild AI raises $1.4bn at $14bn valuation to build a general-purpose robot brain

SoftBank leads a Series C for the Pittsburgh startup building the Skild Brain, a foundation model that can retrofit any robot without task-specific retraining

Whose Money ·5 takes ·Jun 25