LOS ANGELES: Heaviside Industries, a developer of autonomous precision munitions, emerged from stealth Thursday with a $28 million Series A funding round led by Interlagos.
Menlo Ventures, Flume Ventures, Cantos, Anorak Ventures, and several individual investors also participated, including Frank Finelli, former partner and managing director at The Carlyle Group; Paul Dimitruk, co-founder and senior partner at Partners Capital; and Aaditya Devarakonda, former CEO of Dedrone.
The company said the capital will accelerate development, production and delivery of multi-domain autonomous munitions for U.S. and allied special operations and conventional forces, including aerial and underwater platforms.
“This Series A fundraise allows us to accelerate the deployment of Heaviside’s autonomous munitions platforms to a broad base of our established customers,” CEO Phillip Walker said in a statement. “Our products are designed for hyper-precision in jammed and GPS-denied environments, fundamentally shifting the dynamics of modern warfare.”
Founded in 2024, Heaviside operated in stealth for more than two years and has built a team of over 50 engineers and operators across offices in Los Angeles and Oslo, Norway. The company already counts U.S. and allied nations as customers.
The company’s munitions are designed to strike high-value enemy assets at lower cost than traditional methods while reducing collateral damage, according to Heaviside.
“Investment in American defense is critical to maintain our essential freedoms,” said Scott McNealy, operating partner and investor at Flume Ventures. “We are proud to invest in Heaviside, whose technologies contribute to the strength of our strategic defense system.”
Menlo Ventures partner Matt Kraning cited the team’s track record in manufacturing and contested-environment guidance as key reasons for the investment.
Editor’s commentary:
What’s striking here isn’t just the $28 million — it’s the sheer speed and ambition. Heaviside launched in 2024, stayed quiet for two years, and is now already talking about customer deliveries and production scaling. The investor list mixes traditional defense capital (Carlyle, Partners Capital) with venture firms known for earlier-stage tech bets. That suggests a rare consensus: autonomous, low-cost precision munitions are no longer a future concept but an urgent present need. The mention of “jammed and GPS-denied environments” is a clear nod to Ukraine and other modern battlefields where legacy systems fail. The real story will be whether Heaviside can deliver at scale — or become another well-funded but production-starved defense tech cautionary tale.