Air-defense startup Singularity secures $80 million
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Illustration: Annelise Capossela/Axios
Singularity exited stealth Tuesday with millions of dollars in its pocket and a singular goal: improving and proliferating air defenses.
The big picture: Cheap drones and missiles now swarm modern battlefields, and investors are funding systems that might stop them.
- Ukraine swats hourly Russian strikes. American troops prepare for and contend with Iranian salvos. Analysts dissect stockpile levels on TV. And President Trump publicly muses about Golden Dome.
Follow the money: This $80 million Series A values Singularity at $400 million. The round was led by Khosla Ventures and Felicis.
- Other backers include New Enterprise Associates, AE Ventures, Harpoon Ventures, Menlo Ventures, Long Journey, New Vista Capital, YCombinator, Sunflower and Decisive Point.
State of play: Jack Oswald and Shail Giroux cofounded the startup.
- "I started building rocket motors when I was about 11 or 12," Oswald tells Axios. "I like to tell everybody: Don't let kids mix explosives until they're in college. I do still have all of my fingers."
Zoom in: Singularity's countermeasures are still in development. Oswald described them as "much lower cost" compared to something like a Patriot or Terminal High Altitude Area Defense system. He offered few additional specs.
- "We're staying pretty damn light on details, because we want to go and deploy to two active conflict zones," he said.
- "Everything we do is baked around: How do we protect the most people, and how do we do that quickly?"
The intrigue: Singularity's advisers include former American and Ukrainian defense officials. Its 65-plus employees include alumni of Anduril Industries, Lockheed Martin, SpaceX, Tesla and Toyota.
Go deeper: "You could never have enough": Militaries scramble for air defense interceptors
