Participated · Series A · Jun 2026

Comand AI develops Prevail, an AI-native command-and-control platform designed to surface and prioritize the most critical decision points from hundreds of battlefield data streams. Prevail is already running with operational units in Ukraine and has deployments in France and Germany, providing live battlefield feedback at the decision layer. The company says the software shortens decision processes from minutes to seconds while ensuring a human makes every final decision. Founded in 2023 and based in Paris, Comand AI plans to use its new funding to expand NATO deployments and to add air and maritime capabilities before the end of the year. It positions itself against larger defence AI firms by focusing specifically on the command layer rather than sensors or hardware.

Led · Equity · Nov 2025

Pythom is a space technology company that maintains operations in both the United States and Sweden. Its work focuses on developing capabilities for the space domain, a mission that has attracted interest from defense contractor Saab. The company’s technology is viewed as strategically important for national security and for strengthening Sweden’s overall space capabilities. Saab’s recent investment signals a potential partnership to accelerate innovation in critical space-related areas. Pythom is currently in the midst of a new funding round, with Saab supplying $10 million as the lead investor. Although the article does not disclose revenue figures, user metrics, or specific products, the fresh capital will be directed toward further technological development and expansion of the company’s trans-Atlantic footprint. The financing underscores Pythom’s role in advancing space infrastructure that aligns with governmental and defense priorities. Additional operational or financial details were not provided in the source.

Participated · Series A · Oct 2025

Hypersonix is an Australian aerospace company focused on designing and building hydrogen-fueled, scramjet-powered hypersonic vehicles. Its flagship project, DART AE, is a reusable hypersonic demonstrator intended to prove the viability of green-hydrogen propulsion at very high Mach numbers, while the company is also progressing work on its VISR concept. The technology aims to deliver lower-carbon, rapid-response flight capabilities for defense testing and other high-speed applications. Proceeds from its recent financing will fund an upcoming flight test of the DART AE vehicle and advance related R&D activities. Hypersonix is still in the pre-commercial stage, with no public revenue or customer figures disclosed. The fresh capital positions the company to validate its core technology and move toward future commercial or defense contracts.

Participated · Series D · Jun 2025

Founded in 2021 by Dr. Gundbert Scherf, Torsten Reil, and Niklas Köhler, Helsing develops defence software, drones, and broader military systems across air, land, sea, and underwater domains. The company has expanded into underwater defence capabilities and introduced Lura, a submarine detection and surveillance platform, earlier this year. Helsing holds an active €1.46 billion drone contract with the German military, reflecting significant government demand. Its valuation rose to €12 billion after a €600 million Series D in 2025, and the current fundraising would peg it at roughly $18 billion. Despite U.S. investors leading the new round, the company remains about 80% European-owned. Helsing faces growing competition from other defence and autonomous systems firms, including U.S. entrants such as Anduril.

Led · Equity · Sep 2022

Heart Aerospace develops the ES-30, a regional hybrid-electric airplane with a standard 30-passenger configuration powered by electric motors and battery-derived energy. The ES-30 offers a fully electric zero-emissions range of 200 km, an extended 400 km range with 30 passengers, and flexibility to fly up to 800 km with 25 passengers (including typical airline reserves). The company plans to use new funding to advance type certification of the ES-30 and further build its business, and expects to unveil a full-scale aircraft demonstrator in the coming year. Heart positions the ES-30 as a way to decarbonize and democratize air travel and to reopen regional routes with superior operating economics. The company is led by CEO Anders Forslund and is based in Gothenburg, Sweden. Heart has firm orders for 250 ES-30s, options and purchase rights for an additional 120 planes, and letters of intent for a further 191 aircraft. Heart Aerospace designs the ES-30, a 30-passenger regional electric airplane powered primarily by batteries with a reserve-hybrid configuration using two SAF-fueled turbogenerators. The ES-30 offers a fully electric range of 200 km, an extended range of 400 km with 30 passengers, and flexibility to fly up to 800 km with 25 passengers. The cabin is three-abreast with a flat floor, galley, lavatory, overhead bins, and a large external baggage/cargo compartment to support airline network flexibility. The design accommodates future battery-technology improvements to increase electric range and operating efficiency. Heart has reconfirmed previous orders from United Airlines and Mesa Air Group for 200 aircraft (with an option for an additional 100) updated to the ES-30, and holds letters of intent totaling 96 ES-30s, including commitments from multiple regional carriers and a Rockton LOI for up to 40 planes. The ES-30 is expected to enter service in 2028, and Heart’s main offices and final assembly facility will be at Säve Airport in Gothenburg, Sweden. Heart Aerospace is developing the ES-19, a 19-seat regional airplane powered by batteries and electric motors with an expected range of up to 250 miles. The company completed a full-scale prototype of its electric propulsion system but still needs to assemble and test a full-aircraft prototype and obtain certification in the U.S. and Europe. Heart plans first commercial deliveries in 2026 and is building a large test facility while working with roughly 50 suppliers to validate avionics, flight-control, de-icing and other systems. The company says the ES-19’s electric motor is about 20 times less expensive than an equivalent turboprop and that maintenance costs will be dramatically lower. Heart was spun out of a Chalmers University research project in 2018 and joined Y Combinator’s winter 2019 cohort after a $2.2M seed round. The startup has grown to around fifty employees and expects some final assembly to occur in North America to fulfill regional orders.