intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Firestorm Labs Announces $47 million Series A Funding to Accelerate Growth and Innovation in Defense Technology

Firestorm Labs Announces $47 million Series A Funding to Accelerate Growth and Innovation in Defense Technology

August 4, 2025 Craig Etkin

SAN DIEGO, July 16, 2025 /PRNewswire/ — Firestorm Labs, Inc., the expeditionary manufacturing company that’s redefining distributed, point-of-need production has secured $47 million in Series A funding. The new round was led by New Enterprise Associates (NEA) and includes participation from prominent defense-focused investors, including Lockheed Martin Ventures, Decisive Point, Washington Harbour Partners, Booz Allen Ventures, and others. The total includes $12 million in venture debt from J.P. Morgan. The new capital, rapid growth, and multiple U.S. Department of Defense (DoD) contracts secured by Firestorm, signal investor confidence and build upon the initial $12.5 million seed round.

These investments enable Firestorm to advance its additive-manufacturing platform, by adding engineers, opening a larger production facility, and broadening its partnership program. The new funds will also accelerate in-theater production of versatile, affordable UAS and other mission-critical platforms to meet the evolving needs of U.S. and allied defense organizations.

In alignment with Executive Order 14307, “Unleashing American Drone Dominance,” Firestorm will use its Series A funding to scale xCell, an expeditionary factory-in-a-box that produces modular airframes, mission-specific payloads and replacement components at the point of need. This investment fulfills the President’s directive for rapid field production and sustainment of unmanned systems.

Combat units must be able to replenish losses and adapt their drone fleets in contested environments, without returning systems to centralized facilities or waiting for spare parts. The xCell platform enables operators to produce a complete Tempest UAS on site and then reconfigure it for ISR, electronic warfare, or strike missions, thereby providing multimission readiness wherever the fight moves.

“We’re thrilled about this milestone, because it empowers Firestorm to deliver critical, battlefield-ready solutions faster and at scale,” said Dan Magy, CEO of Firestorm. “Our unique ability to 3D print modular airframes on-site dramatically reduces production timelines, costs, and logistical constraints, giving the U.S. and allied forces the adaptive technology they urgently need in complex and contested operational environments.”

Aaron Jacobson, partner at NEA, expressed the firm’s strategic commitment to Firestorm Labs stating, “Firestorm’s pioneering use of distributed, additive manufacturing for low-cost, adaptable, and open-architecture UAS solutions is critical for keeping our troops out of harm’s way and establishing the US at the forefront of unmanned systems. Their agility, unique capabilities, and focused approach align with our vision for transformative defense technologies. We are proud to be supporting them in their mission.”

In addition to NEA’s focus on technological agility, defense industry leaders reinforced the operational importance of Firestorm’s capabilities. “Our military needs technology it can trust to be ready when the circumstances demand it,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Deployable, on-site 3D drone printing is a powerful tool that further extends the warfighter’s ability to secure the battlespace, while advancing U.S. leadership on the frontiers of defense technologies.”

That focus on trusted, mission-ready capability is shared by other investors who recognize Firestorm’s role in shaping the future of autonomous systems. “Firestorm continues to deliver ground-breaking innovations, building the future of autonomous systems to meet the needs of full-spectrum combat operations,” said Thomas Hendrix, general partner at Decisive Point. “The combination of edge manufacturing, modularity in vehicles and payloads, and high-volume/low-cost production pathways has been quickly recognized as a force multiplier and operational necessity by various organizations across the DoD.”

In addition to modularity and edge production, investors underscored the importance of building industrial capacity to meet defense needs at scale. Mina Faltas, founder and chief investment officer of Washington Harbour Partners, said, “One of the most pressing constraints to our military’s readiness and operational reach is our manufacturing capacity. Firestorm is filling that void by providing critical additive manufacturing capabilities that will contribute to the entire defense ecosystem, from the front line to the industrial base. Washington Harbour Partners is proud to back Firestorm and looks forward to working together into the future to deliver for warfighters and the mission.”

This focus on strengthening America’s defense industrial base was echoed by Brian MacCarthy, managing partner of Booz Allen Ventures, “Sustaining a competitive advantage means investing boldly in technologies that match the pace and complexity of modern threats. Firestorm is delivering breakthrough technology designed for speed, scale, and survivability in the world’s most challenging environments. Their ability to move fast and solve hard operational problems is exactly what the U.S. and its allies need to stay ahead in the battlespace.”

Alongside investor perspectives, military leaders also recognize the operational impact of Firestorm’s capabilities. U.S. Army Gen. Richard D. Clarke (Ret.) recently toured Firestorm’s San Diego facilities and commended the team of innovators for easing supply-chain burdens through their determination and collaboration. He remarked, “As a former senior commander focused on supply chains and reducing long logistics tails, I know amateurs talk tactics, professionals talk logistics. Firestorm’s innovation is really helping that logistics chain to operate more efficiently.”

Justin Krauss, Head of Applied Technology within J.P. Morgan’s Innovation Economy business said, “J.P. Morgan is thrilled to work with Firestorm as they enter their next phase of growth and work to develop affordable, modular and open-architecture drones. Our support for their company demonstrates J.P. Morgan’s commitment to supporting founders and next-generation defense companies that are actively helping to keep service members safe.”

With the funding, Firestorm will also enhance its modularity suite by uniting an onboard computer, tactical software, developer tools, and mission planning into one plug-and-play ecosystem. Unlike brittle lab prototypes, this operator-first solution is field-proven and delivers autonomy, adaptability, and control at the edge without vendor lock-in or reliance on GPS or communications.

This investment supports the prioritization by senior DoD leaders of logistics resilience including modularity, point-of-need manufacturing, and seamless planning to production workflows. This integration empowers non-technical personnel to launch complete build cycles in contested environments and shifts sustainment control back to front-line units.

This infusion of capital propels Firestorm to the front of the defense-tech pack, equipping the company to field affordable, mission-ready airpower at the speed of need while empowering a team that has lived the frustrations of legacy procurement to finally fix it at scale.

About Firestorm Labs
Firestorm Labs specializes in advanced additive manufacturing technologies, developing modular, open-architecture unmanned aerial systems (UAS) for rapid deployment in expeditionary and combat environments. By integrating Intelligence, Surveillance, Reconnaissance (ISR), Electronic Warfare/Signals Intelligence (EW/SI), and kinetic payload capabilities into highly customizable and cost-effective solutions, Firestorm is driving innovation to support warfighters with mission-critical tools directly on the battlefield.

Website: https://www.launchfirestorm.com
LinkedIn: https://www.linkedin.com/company/firestorm-labs
X: @launchfirestorm

SOURCE Firestorm Labs, Inc

Copyright © 2025 Cision US Inc.


Venture Capital
California, Cision, Firestorm Labs, PRNewswire, San Diego, Venture Capital

Post navigation

NEXT
Chariot Defense Emerges from Stealth to Bridge the Military’s Critical Battlefield Energy and Power Gap
PREVIOUS
Rwazi Raises $12M to Replace Every Gut Call with an AI Copilot
Comments are closed.
Subscribe for FREE!

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Circuit Raises $30M to Bring Purpose-Built AI Into Manufacturing and Service Operations March 10, 2026
  • Executive Change: Binarly Appoints Gwenyth Castro as Chief Executive Officer March 10, 2026
  • Executive Change: AXS Appoints Jason Boxer as Chief Financial Officer March 10, 2026
  • Anchr raises $5.8M to bring AI-native automation to America’s food supply chain March 10, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.