Munitions and propulsion
Missiles, hypersonics, rocket motors, energetics and military power.
Notes
Why each is here
- CastelionManufactures the Blackbeard hypersonic strike missile, in production for the U.S. Navy.Castelion (company release), Sep 14, 2026
- HermeusMatures hypersonic propulsion, thermal management and mission-system technology under the Defense Innovation Unit’s HyCAT initiative.Hermeus (company release), Nov 13, 2023
- Mach IndustriesBuilds the Pike long-range strike munition and makes solid rocket motors through Mach Energetics and jet engines through Mach Propulsion.Mach Industries (company release), Oct 8, 2026
Companies in this sector
Sorted by last valuation. Rows with none sort last.
| Company | Tier | Sectors | HQ | Founded | Last round or tender | Last valuation | Venues | Acquisition | Researched |
|---|---|---|---|---|---|---|---|---|---|
| Castelion | Covered | AI defense, Munitions and propulsion | Torrance, CA | 2022 | Series C, Aug 19, 2026 | $13.00B, Aug 19, 2026 | Clarity (formerly Hiive), Nasdaq Private Market, Caplight | Quiet | Oct 11, 2026 |
| Mach Industries | Covered | AI defense, Drones and uncrewed aircraft, Munitions and propulsion, Sensors, EW and counter-UAS, Defense manufacturing | Huntington Beach, CA | 2023 | Series C extension, Sep 10, 2026 | $3.70B, Sep 10, 2026 | Clarity (formerly Hiive), Nasdaq Private Market, Caplight, Augment, Jarsy | Quiet | Oct 11, 2026 |
| Hermeus | Covered | AI defense, Drones and uncrewed aircraft, Munitions and propulsion | Hawthorne, CA | 2018 | Series C, Apr 7, 2026 | $1.00B, Apr 7, 2026 | Clarity (formerly Hiive), Nasdaq Private Market, Caplight, Destiny Tech100 | Watch | Oct 11, 2026 |