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- 1Counter-Drone Startup Fortem Raises $50 Million Series B▼Exclusive: Counter-Drone Startup Fortem Raises $50M Series B
Counter-drone startup Fortem Technologies has raised a $50 million Series B funding round, according to an exclusive report. The company develops systems that detect and neutralize unauthorized drones, a capability in growing demand as drone incursions disrupt airports, critical infrastructure, and conflict zones. The funding signals continued investor confidence in the air defense and counter-UAS sector, which has attracted significant attention from both defense agencies and commercial operators worldwide.
- 2Texas startup raises $133M for rare earth magnet-grade iron plant●Texas startup raises $133M to build rare earth magnet-grade iron plant
A Texas startup has raised $133 million to build a plant producing magnet-grade iron, a key material for rare earth permanent magnets used in electric vehicles, wind turbines and defense technologies. The funding round, reported by mining industry press, signals growing investment in building a domestic supply chain for critical minerals as Western countries work to reduce reliance on Chinese rare earth processing.