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2023

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CHAOS Industries Raises $275 Million to Revolutionize Defense Technology

CHAOS Industries, a company focused on building next-generation defense and national security systems, has announced a massive $275 million Series C funding round.

This investment will empower the company to enhance the performance of its advanced detection, monitoring, and communication solutions, scale its manufacturing capacity, and further drive innovation in defense technology.

The Series C was led by New Enterprise Associates (NEA) and co-led by Accel, with participation from StepStone Group, Overmatch Ventures, Tru Arrow Partners, and Valor Equity Partners. This round brings the total funding raised by CHAOS Industries since its inception to a staggering $490 million, demonstrating the immense potential and confidence investors have in its mission.

- Sponsors -

“CHAOS Industries is delivering transformative solutions that address critical defense objectives,” said CHAOS Industries Founder and Co-CEO John Tenet.

“This funding will enable CHAOS Industries to continue advancing pathbreaking solutions that meet the defense needs of today and tomorrow,” added Dr. Bo Marr, Founder and Co-CEO.

Scott Sandell, NEA Executive Chairman & Chief Investment Officer, emphasized the company’s unique capabilities, stating, “Chaos has architected a sensing and command infrastructure that addresses one of the most persistent asymmetries in modern defense.”

The company’s flagship product, Vanquish™, a dual-use multistatic commercial radar, is already demonstrating its capabilities in early warning and tracking against various threats.


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