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Private companiesTracked

Ares Industries

Los Angeles, CA · Founded 2024

Ares Industries builds low-cost cruise missiles, Maverick and Goose, launched from shipping containers for ground and naval forces. It was Y Combinator’s first investment in a weapons maker.

Profile

What it builds and who buys it

  • ·Goose carries a payload of about 20 lb out to 100 miles, for swarm attacks and maritime area denial.Ares Industries
  • ·Maverick carries a payload of about 100 lb at ranges of up to 1,000 miles.Ares Industries
  • ·Both fly at mid-subsonic speeds and launch from CONEX shipping containers, with up to 64 Goose in a single 20-foot container.Ares Industries
  • ·The company plans production in the hundreds of thousands at five-figure unit prices, using commercially available components and vertically integrating critical subsystems.Ares Industries
  • ·It says its systems are export-ready, with modular designs that let allies integrate their own components and local supply chains.Ares Industries
  • ·The founders flight-tested multiple prototypes in the Mojave Desert in the summer of 2024.Fortune, Aug 25, 2024

Founders and leadership

  • Alex TsengFounder and chief executive

    First engineering hire at an earlier missile startup. He built autonomous systems at Rivian and Stanford and worked on turbojets at CSULB.Y Combinator

  • Devan PlantamuraCo-founder

    An Army Psychological Operations and Navy combat veteran, with operations and business development experience at defense startups.Tech Startups, Aug 26, 2024

Funding

Last valuation

No citable valuation

Last round or tender

Seed

Tech Startups, Aug 26, 2024

Led by Y Combinator (Summer 2024 batch), its first investment in a defense startup. The amount was not disclosed, and no valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Aug 26, 2024SeedLed by Y Combinator (Summer 2024 batch), its first investment in a defense startup. The amount was not disclosed, and no valuation was stated.——

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice. The page says no recent secondary market data is available, and lists an August 2024 seed round.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026