Participated · Series A · May 2026

Havoc develops an all-domain collaborative autonomy stack and a software-defined hardware approach that enables heterogeneous autonomous assets to sense, decide, and act together across sea, air, and land. The company reports more than 25,000 hours of autonomous testing and deployments and has collected over 200 billion data points from operations to iterate its field-tested autonomy stack. Havoc has built and deployed 100+ autonomous surface vessels (ASVs) globally, with 40+ mission-ready today and 30+ vessels delivered to the U.S. Department of Defense. It has made strategic acquisitions (Mavrik and Teleo) to expand into air and land domains and maintains partnerships with defense primes such as Leidos, Lockheed Martin, and SAIC as well as shipbuilders and additive manufacturers. Havoc has grown to over 200 employees, opened new offices in Austin and San Diego, and expanded maritime production in Rhode Island. The company highlights award recognition, SBIR awards, and selection to industry challenges as validation while positioning itself to scale deployments and production to meet defense and commercial demand.

Participated · Series A · Feb 2026

Founded in 2016, San Diego-based Natilus is engineering a family of blended-wing-body (BWB) aircraft that reduce fuel consumption by 30 %, cut carbon emissions and operating costs by 50 %, and boost payload capacity by 40 %. Its first product, the KONA regional freighter, carries a 3.8-ton payload and is designed for both commercial freight and defense logistics, with a first full-scale flight targeted within 24 months. The company is concurrently developing the 200-plus-seat HORIZON EVO passenger jet, aimed at the Boeing 737 MAX and Airbus A321neo market and slated for entry into service in the early 2030s. Natilus has secured more than 570 aircraft pre-orders worth an estimated $24 billion from customers such as SpiceJet, Nolinor Aviation, Flexport and Ameriflight. The firm is pursuing FAA Part 23, Amendment 64 certification for KONA and evaluating a 250,000 sq ft factory capable of producing 60 units per year. By using existing engine technology and airport infrastructure, Natilus seeks to de-risk adoption and accelerate commercialization. The team includes alumni from Boeing, Northrop Grumman, Skunk Works, SpaceX and other leading aerospace organizations.

Participated · Seed · Nov 2024

Founded in 2023 in Rhode Island by maritime practitioners and defense engineers, Vatn Systems is building scalable fleets of autonomous underwater vehicles for the U.S. military, allied governments, and civilian customers. Its flagship platforms, the Skelmir S6 and Skelmir S12, combine a plug-and-play payload architecture with INStinct, the company’s proprietary inertial navigation system that provides GPS-denied guidance at a fraction of traditional costs. The vehicles support distributed sensing, ISR, mine countermeasures, electronic warfare, and other emerging undersea missions, and can be re-configured for offshore energy, port security, and environmental monitoring in days rather than months. Throughout 2025 the company delivered AUVs to U.S. government customers, ran successful open-water demonstrations, and ramped production capacity to meet growing demand. Vatn positions itself as a future “underwater defense prime” by offering attritable, mass-deployable systems that align with shifting naval doctrines. Commercially, the same low-cost autonomy unlocks persistent coastal infrastructure monitoring and scientific research opportunities. The recent capital infusion is intended to accelerate production scaling and broaden mission profiles for both defense and civilian markets.

Participated · Seed · Jun 2024

TERN’s patented Independently Derived Positioning System (IDPS™) is a software-only, AI-driven solution that delivers precise navigation without relying on satellites. By interpreting real-time map and sensor data, IDPS maintains accuracy in tunnels, dense urban canyons, remote terrain, and contested environments where GNSS/GPS signals falter. The system integrates seamlessly into OEM platforms, commercial fleets, and defense systems, enhancing turn-by-turn navigation, boosting ADAS performance, and safeguarding autonomous vehicles from a single point of failure. IDPS has been validated by the U.S. Department of Transportation and in live trials with automotive manufacturers and delivery fleets across multiple continents. TERN is currently progressing in the U.S. Army’s xTechOverwatch competition, highlighting demand for resilient navigation in national security settings. The company plans to scale into automotive, delivery, emergency response, environmental services, and defense markets using proceeds from its recent $7.5 million seed extension. Founded by former special-operations navigation experts and AI pioneers, TERN aims to establish a new industry standard for reliable positioning technology.

Participated · Seed · Mar 2024

Firestorm develops xCell, a shipping-container mobile manufacturing platform that uses an industrial-grade HP 3D printer to produce drone bodies and shells and assemble configurable drone systems in under 24 hours. The company sells hardware and secures government contracts across U.S. military branches, and currently has two xCell units deployed domestically (with the Air Force Research Laboratory and Air Force Special Operations Command) and additional operational use in the Indo-Pacific. Firestorm holds a five-year global exclusive with HP for use of its industrial 3D printing technology in mobile units, and noted an Air Force contract with a $100 million ceiling and $27 million obligated to date. The startup’s founders bring defense and additive-manufacturing expertise: CEO Dan Magy is a serial defense tech entrepreneur, Chad McCoy is a career special operations veteran, and CTO Ian Muceus holds multiple 3D-printing patents. Firestorm has stated plans to scale deployment and reach full operational deployment in the Indo-Pacific within roughly two years. The company has raised $153 million to date following the Series B.