What does Chaos Industries do?
Chaos Industries is a technology company dedicated to building the next generation of defense and national security systems. The firm leverages a sprint engineering approach and deep industry partnerships to rapidly prototype and deploy advanced detection, monitoring, and communication solutions, including its flagship product, Vanquish™, a dual-use radar system.
How much did they raise?
The company raised $275M in a Series C round, 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 to $490M.
What are their plans for the money?
Chaos Industries plans to use the funds to enhance the performance capabilities of its advanced defense technologies, scale its manufacturing capacity, and drive further innovation in national security systems, which could significantly improve early warning and threat tracking capabilities.
What have they achieved so far?
The company has already made significant strides with its Coherent Distributed Networks™ suite and the development of Vanquish™, its dual-use radar product. The recent appointment of former Director of Central Intelligence George J. Tenet as Executive Chairman further bolsters its leadership and commitment to advancing defense technology.
