MENLO TIMES

Impulse Space, developing the in-space mobility infrastructure to accelerate our future beyond Earth, led by renowned propulsion expert Tom Mueller, and the team, has announced a $308 million extension to its Series D round, bringing the combined round total to $808 million. The extension included participation from existing investors 137 Ventures, BANNER VC, DFJ Growth, Linse Capital, Lux Capital, and Valor Equity Partners, among others, reflecting continued confidence in th

EnduroSat, a space company building standardized, software-flexible satellites and a streamlined constellations-as-a-service model, led by Raycho Raychev, has raised $205 million in a round co-led by Riot Ventures and Atreides Management, with backing from the European Innovation Council, Google Ventures, Founders Fund, House Capital, Lux Capital, Omnes Capital, Giant Ventures, Emphatic Capital & Endeavor Catalyst. Scaling Serial Production. The funding will help EnduroSat ex

EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We

Open Cosmos, the European leader delivering satellite infrastructure, led by Rafel Jorda Siquier, Jordi Barrera Ars, and Aleix Megias Homar, has raised €300 million in funding as governments and enterprises accelerate investment in secure, space-based systems. The round, led by European investors, includes participation from Lightrock, ETF Partners, Institut Català de Finances (ICF), Entrepreneurs First and two major international pension funds. Other participants include Con

Galaxia, building the infrastructure layer for orbital compute, led by Arad Gharagozli and the team, has announced the successful close of its oversubscribed funding round, marking a major milestone in the company’s growth and reinforcing strong investor confidence in its vision for intelligent, sovereign space infrastructure. The 4.5 million CAD round was co-led by Amiral Ventures (QC) and Invest Nova Scotia (NS). The funding will support Galaxia’s next phase of growth, ac

Antares, building microreactors for critical missions, led by Jordan Bramble and the team, has been selected by the Office of the Assistant Secretary of the Air Force for Space Acquisition and Integration for a Strategic Breakthrough award to advance nuclear power for space. It marks the largest current Department of War award in space nuclear power. “Space has been core to the Antares thesis since the company was founded,” said Jordan Bramble, CEO and co-founder of Antares.

Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo

Aerospacelab has been selected as a key Prime Contractor for the LEO segment of the European Commission's IRIS² Programme (Infrastructure for Resilience, Interconnectivity and Security by Satellite). Building Europe’s Sovereign Satellite Network. Following a competitive selection process with Eutelsat, Aerospacelab has been chosen to build 264 satellite platforms and deliver the fully integrated satellites for the SpaceRISE consortium. The satellites will form the backbone of

Tern, creating the future of positioning with its Independently-Derived Positioning System (IDPS™) software, led by Brett Harrison, Shaun Moore, Phil Reason, and Manuel Seelaus, has won a contract from the U.S. Army to deploy the startup’s low-cost GPS alternative tech. The $11.26 million contract will see the Army use Tern’s navigation tech in vehicles, though the startup was tight-lipped on the exact scale of the deployment of what it calls “Google Maps for the battlefield.

Proxima Fusion, building stellarators to power the future, led by Francesco Sciortino and the team, and the State of Lower Saxony signed a Memorandum of Understanding (MoU) to lay the foundations for large-scale industrial production of high-temperature superconducting (HTS) tape in Lower Saxony. The new production site will create skilled jobs and strengthen European supply chains. Around €140 million is planned for the first two project phases through the end of 2029. HTS T

Maven Robotics, an intelligent industrial robotics company, led by Hamza Derbas and Khalid Derbas, has announced its launch with $100 million in Series A funding from RoboStrategy, LocalGlobe, Vine Ventures, and XTX Ventures, among others. Maven designs, builds, and deploys intelligent robotics for logistics and manufacturing. Founded in 2024, the company has created the world's first general-purpose robotics system for industrial work. The Industrial Robotics Opportunity. US

The Boring Company, solving traffic, enabling rapid point-to-point transportation, and transforming cities, has announced a Series D funding round of $3B, led by the United Arab Emirates and affiliated investment entities. The financing now values The Boring Company at $23 billion. Other key investors in the round include Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, A16Z, Temasek, Shamal Holding, and Baron Capital, in addition to other valued existing an

IVEX, a deep-tech startup developing technology for automotive safety testing, led by Mario Torres and the team, has raised €5M in a Series A funding round to accelerate its engineering roadmap and expand its presence in North America and Asia. The round was backed by existing investors The Faktory and Dedicated.lu, alongside private investors. IVEX will use the funding to expand its coverage of NCAP protocols, scale its data-processing platform, and enter new automotive mark

Besxar, the exoindustrial company manufacturing advanced semiconductor materials, led by Ashley Pilipiszyn, has reported the results of Besxar Flight-1 “Mission Asimov.” On July 5, 2026, two Besxar-built “Clipper-class” canisters flew aboard a SpaceX Falcon 9 first-stage booster and were recovered intact after the booster returned to land. The mission marked Besxar’s first flight carrying custom wafer cartridges, power, avionics and printed-circuit hardware designed and built

Antioch, the simulation platform for robotics and autonomy, led by Harry Mellsop, Alex Langshur, Michael Calvey, and Collin Schlager, has raised $32 million to bring software speed to physical AI development. Together with the $8.5 million seed round announced earlier this year, this brings the total funding raised to $40.5 million. Greylock General Partner Saam Motamedi joins the company's board. “Software-speed innovation in the physical world will be the foundation of the

Poseidon Aerospace, a startup focused on developing and operating unmanned cargo aircraft, led by Parker Tenney, David Zagaynov, and the team, has announced the close of an oversubscribed $60 million Series A financing. The round was led by TQ Ventures, with participation from JAWS, G Squared, Hanwha Asset Management USA, Starship Ventures, Drover Ventures, Draper Associates, and other investors. Poseidon Aerospace is developing unmanned cargo aircraft for regional commerci

BLUECORE ENERGY, a maritime nuclear energy company developing compact, water-cooled nuclear power systems, led by Kofi Asante and the team, has announced the close of a $50 million seed financing to accelerate development, testing, and deployment of its floating nuclear energy systems. The financing represents a significant expansion of Bluecore Energy’s initial $10 million pre-seed round announced when the company emerged from stealth in July. The round, led by Silverton Par

The Exploration Company, a European space company scaling globally, led by Hélène Huby, announced a $450 million Series C financing, the largest-ever Series C announced by a European space company. It also marks the largest funding round ever secured by an EU-headquartered company led by a female founder and CEO. The round is co-led by Bessemer Venture Partners, Atomico, and the Scaleup Europe Fund, managed by EQT, with participation from TEC’s existing European backers inclu

Stoke Space Technologies, Inc, the rocket company developing fully and rapidly reusable launch vehicles, led by Andy Lapsa, Tom Feldman, and the team, has announced that it has completed an initial closing of its billion-dollar Series E financing round. This funding brings Stoke’s total capital raised to $2.3 billion and will support the company as it prepares for its first orbital launch, expands production and launch capacity, and accelerates development of its larger Nova

Ground A, a German defence tech company, led by Dr. Tobias Brune, Daniel Hariri, Roland Spiegelhalder, and the team, has closed a pre-seed financing round of more than EUR 9 million in June, led by Vsquared Ventures with participation from Quantum Systems, as well as venture capital investors including GRIF, Robin Capital, ABACON, Leblon Capital and OVNI Capital. Also on board at Ground A are experienced entrepreneurs and investors from the European defence and software indus