Castelion, an El Segundo, CA-based modern defense production company, raised $14.2m in funding.
The round was co-led by Andreessen Horowitz and Lavrock Ventures, with participation from First In, BlueYard Capital and Champion Hill Ventures.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Bryon Hargis, CEO, Sean Pitt, COO, and Andrew Kreitz, CFO, Castelion is building the next generation of military hypersonic, vehicle, and strike systems to deter future wars. The company is currently involved in advancing high-cadence hypersonic testing for materials and electronic systems, ultra high-performance thermal protection systems and avionics, and strike systems, designed for compatibility with existing platforms.
The company introduced its solution in a blog post.
FinSMEs
06/10/2023