Introduction
US-based defense technology startup Castelion raised 1 billion dollars in a Series C funding round led by Andreessen Horowitz, Carlyle and JPMorgan Chase.
Developments
The company’s valuation rose to 13 billion dollars. Castelion will use the investment to increase the mass production of Blackbeard hypersonic missiles and other systems at its facility in New Mexico.
Details
Founded in 2022, the company aims to produce at least 500 Blackbeard missiles annually following testing and validation processes.