CHAOS Industries has raised USD 510 million in new funding led by Valor Equity Partners, with participation from previous investors 8VC and Accel, at a USD 4.5 billion valuation. The new capital will support expanded product development and manufacturing of the company’s counter-drone radars.
The company is working with the United States military with a view to developing a new radar system at Eglin Air Force Base in Florida by using training scenarios that realistically mimic modern technology being deployed on the battlefield in Ukraine and other conflict zones.
CHAOS Industries also recently announced the acquisition of Ziva Corporation, a specialist in wireless time synchronisation.
For more information
The new Unmanned Airspace Global Counter-UAS Systems Directory is the world’s only comprehensive, continually updated directory of global C-UAS companies and systems. It itemises over 1,000 C-UAS products and services with performance details, company sales and partnerships arrangements. It is updated every month and broken down into niche sub-sectors (net-capture, missiles, intercept drones, detectors etc) to give C-UAS procurement and industry personnel a unique perspective of global C-UAS technical capabilities and market positions. It is available in word, PDF and excel formats and Unmanned Airspace readers are eligible for a range of discounts. For more information about the Directory please contact the editor Philip Butterworth-Hayes at philip@unmannedairspace.info.
