💨 Abstract

Defense startup Hermeus has secured $350 million in funding, reaching a $1 billion valuation. The round includes $200 million in equity from investors like Khosla Ventures and Cox Enterprises, and $150 million in debt. This funding will support the development of Hermeus's hypersonic aircraft and expand its manufacturing capabilities. The company has successfully flown two demonstrator versions and is working on a third, aiming for supersonic speeds.

Courtesy: Sean O'Kane