Heaviside Industries, a Los Angeles-based developer of autonomous precision munitions, has raised $60 million in Series B funding at a $600 million valuation. The company builds systems designed to operate in GPS-denied and contested environments across air, land, and sea domains. The capital will ramp production capacity, accelerate hiring, and fulfill existing customer commitments.
Defense Tech Funding Accelerates Post-Stealth
The round comes three months after Heaviside emerged from stealth with a $28 million Series A. Felicis led the Series B with significant participation from Hedosophia, Menlo Ventures, Cantos, Flume Ventures, Qstar Capital, Friends & Family Capital, Anorak Ventures, and MVP Ventures. A strategic partnership with Norway-based Nammo will supply warheads for the platforms.
Accuracy Degradation Drives New Demand
Existing precision munitions advertised at one or two meters of accuracy now perform at eight to fifty meters in contested environments, according to CEO Phillip Walker. Heaviside targets U.S. and allied special operations and conventional forces operating where GPS signals are jammed or spoofed. The company’s MOTH spectrum analyzer, TYR aerial munition, and NYX underwater munition address this gap with miniaturized electronics native to electronic warfare conditions.
Multi-Domain Munitions Differentiate Approach
Competitors such as Anduril and Shield AI focus on broader platforms or software autonomy, while AeroVironment supplies mature loitering systems. Heaviside differentiates by designing hardware across three domains from the start and pairing it with an established European munitions supply chain through Nammo.
"In defense, reputation and proven experience are paramount. The team at Heaviside has both. Pairing Heaviside’s deep operational expertise with Nammo’s established supply chain creates a scalable system that readily meets the rigorous demands of defense forces." — Jake Storm, General Partner at Felicis
Felicis Leads with Operational Focus
Felicis’s decision to lead signals conviction in teams that combine warfighter experience with engineering execution. The round values the company at ten times its Series A valuation just three months earlier, reflecting investor appetite for production-ready autonomous systems.
Loitering Munitions Market Expands Rapidly
The loitering munition market stood at $5.36 billion in 2025 and is projected to reach $13.26 billion by 2030. Heaviside enters alongside peers including Firestorm Labs, which raised $153 million total, and STARK Defence, which closed a €500 million Series C. Broader defense tech inflows, including Anduril’s multi-billion raises, underscore capital moving toward affordable mass in contested environments.
Warfighter-Led Team Sets Direction
CEO Phillip Walker has positioned the company around direct input from operators. The approach has produced systems already demonstrated to U.S. Army leadership and briefed to Marine Forces Special Operations Command.