FundedIQ

Funded Defense and Space Manufacturing Startups

Among the six most recent defense and space manufacturing financings, one disclosed round dwarfs the rest: Terran Orbital raised $33M on 2023-09-18, while…

Among the six most recent defense and space manufacturing financings, one disclosed round dwarfs the rest: Terran Orbital raised $33M on 2023-09-18, while the other disclosed rounds range from $2M (Orcus, 2024-01-05) to $9M (Askari Defense, 2026-06-25). The list also shows a tightening cluster by timing rather than spread: four of the six rounds landed between 2024-01-05 and 2026-06-25, with the most recent in June 2026 (Askari Defense, $9M) and the oldest in September 2023 (Terran Orbital, $33M).

Geographically, the dataset does not concentrate in a single city across multiple companies; locations are dispersed across Atlanta (Askari Defense), Oslo (Stendr), Riga (Deep Space Energy), San Francisco (Usul), Wilmington (Orcus), and Boca Raton (Terran Orbital). Stage information is also mixed: four entries are labeled Seed or Pre-Seed (Askari Defense $9M on 2026-06-25; Stendr $5M on 2026-04-15; Usul $3M on 2025-05-12; Orcus $2M on 2024-01-05), while two entries carry “Series Unknown” (Deep Space Energy and Terran Orbital), with Deep Space Energy’s disclosed amount at $0K on 2026-04-01.

Most recent rounds

6 shown

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Frequently asked

What stands out as the largest disclosed round, and how does it compare to the rest of the recent entries?

Terran Orbital’s $33M round (2023-09-18) is the clear outlier versus the other disclosed amounts in this window: $2M (Orcus, 2024-01-05) to $9M (Askari Defense, 2026-06-25), with no other disclosed round above that range.

Is there a notable temporal clustering among these defense and space manufacturing financings?

Yes. Four of the six rounds fall between 2024-01-05 (Orcus) and 2026-06-25 (Askari Defense), with the newest closing in 2026-06-25 and the oldest in 2023-09-18 (Terran Orbital).

Do any cities appear repeatedly across multiple companies in this slice?

No. Each company is associated with a different city across the six rows: Atlanta (Askari Defense), Oslo (Stendr), Riga (Deep Space Energy), San Francisco (Usul), Wilmington (Orcus), and Boca Raton (Terran Orbital).

How does stage labeling distribute across the list, and what does that imply for early vs. unclear stages?

Seed/Pre-Seed dominates with four of six entries: Seed for Askari Defense ($9M, 2026-06-25), Usul ($3M, 2025-05-12), Orcus ($2M, 2024-01-05), and Pre-Seed for Stendr ($5M, 2026-04-15). The remaining two of six are “Series Unknown” (Deep Space Energy, $0K on 2026-04-01; Terran Orbital, $33M on 2023-09-18).

Which entries look like amount outliers or potential data-quality signals?

Deep Space Energy is the smallest disclosed amount at $0K (2026-04-01), while Terran Orbital is the largest at $33M (2023-09-18). Together, these endpoints bracket the rest of the disclosed rounds at $2M–$9M.

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