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Heaviside Industries funding, valuation and investors
Autonomous precision munitions across air, land, and sea for U.S. and allied forces.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$60M · August 2026
Latest known valuation
$600M
Series B · August 2026
Total disclosed equity funding
$88M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Los Angeles, California
Overview
Heaviside Industries, founded in 2024 by CEO Phillip Walker, builds autonomous precision munitions platforms for GPS-denied and jammed environments. Headquarters are Los Angeles, with additional offices in Oslo. On August 12, 2026 the company announced a $60 million Series B at a $600 million valuation, led by Felicis with significant participation from Hedosophia and additional participation from Menlo Ventures, Cantos, Flume Ventures, Qstar Capital, Friends & Family Capital, Anorak Ventures, MVP Ventures, and others. The same day it announced Nammo as warhead/payload supplier. The May 2026 $28 million Series A (out of stealth) is now a prior round; Tech Funding News attributes that lead to Interlagos, while the Series B PR does not restate it. Revenue, named customers, and contract values were not disclosed. The company says proceeds fund production, hiring, existing customer commitments, and a larger U.S. footprint. Press cites about $88 million raised in total.
Why Heaviside Industries is interesting
Three months after a $28M stealth Series A, Felicis led a $60M Series B at $600M (Aug 12, 2026) and Nammo will supply warheads — a manufacturing-and-supply bet, not a disclosed-revenue print.
Product & use cases
Multi-domain autonomous precision munitions platforms for U.S. and allied forces, designed for jammed and GPS-denied environments, with Nammo as the announced warhead supplier.
- Precision strike in GPS-denied or jammed theaters
- Unmanned munitions across air, land, and sea
- Allied munitions supply using an established European warhead OEM
Key facts
- Series B (Aug 12, 2026): $60M at $600M, Felicis led; Hedosophia significant (company)
- Nammo partnership: warhead/payload supply plus production and testing access (company + Felicis)
- Series A (May 2026): $28M out of stealth; TFN attributes lead to Interlagos — not restated in the B PR
- Directory funds returning: Menlo Ventures (/fund/menlo-ventures), Cantos (/fund/cantos)
- Revenue, named customers, and unit volumes not disclosed; press cites ~$88M total raised
Funding history (newest first)
Series B
2026-08 $60M Valuation: $600M- Felicis (lead)
- Hedosophia (participant)
- Menlo Ventures (participant)
- Cantos (participant)
Source: https://www.businesswire.com/news/home/20260812686127/en/
Series A
2026-05 $28M- Interlagos Capital
- Cantos (participant)
- Menlo Ventures (participant)
Source: https://venturecapitaltracker.com/2026-cantos-heaviside-industries-28m-series-a
Investors in our directory
Funds linked from Heaviside Industries's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Felicis’s published thesis is sequencing: lock buyer access, volume manufacturing, and regulation together, using Nammo’s existing production and testing base instead of building a warhead line from scratch. That is a partner story, not disclosed backlog.
Heaviside is a two-year-old munitions specialist next to Neros’s drone scale story and Anduril’s platform mark. The public proof is a $600M valuation plus a Nammo supplier announcement. Named programs and unit economics were not disclosed, so underwriting is manufacturing-and-access, not a revenue multiple.
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Neros Technologies adjacent
Same-week LA-area manufacturer; attritable strike/interceptor drones at $2.5B (Aug 11) vs Heaviside munitions at $600M (Aug 12).
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Anduril adjacent
$61B multi-product defense platform; category ceiling, not a like-for-like munitions peer.
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Legacy primes (RTX, Lockheed, Nammo as OEM) incumbent
Primes already have munitions lines; Nammo is Heaviside’s announced supplier, not only a competitor.
Notable stories
- Felicis (Aug 12, 2026) describes touring a Los Angeles facility with an underwater test tank and argues the real defense test is delivering tens of thousands of units, not a prototype.
- Tech Funding News calls the $600M mark more than 21× the Series A price in three months — press math on price, not a company-published A post-money.
Industries
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