Anduril, a defense tech company, raised $5 billion in a funding round led by Andreessen Horowitz and Thrive Capital, doubling its valuation to $61 billion in under a year. This funding milestone made CEO and cofounder Brian Schimpf a billionaire, joining cofounders Palmer Luckey and Trae Stephens as billionaires. The company, with about 8,000 employees, generated $2.2 billion in revenue last year and has secured major Pentagon contracts, reflecting its rapid growth and expanding role in military technology. Anduril's strategy focuses on autonomous defense products and software, aiming to modernize military assets for future warfare.
Ormat Technologies introduced the Ormega100, the industry's largest binary power generation unit delivering 100 MW output, designed to accelerate commercialization and scaling of Enhanced Geothermal Systems (EGS). With 60 years of expertise and exten...
ADARx Pharmaceuticals announced it will present Phase 1/2 clinical data for Onvuzosiran, an RNA therapy for hereditary angioedema (HAE), at the 2026 EAACI Congress in Istanbul. Onvuzosiran targets plasma prekallikrein to prevent swelling attacks by r...
FDH Aero, a leading aerospace and defense supply chain provider, has agreed to a majority investment from Bain Capital Private Equity, with Audax Private Equity remaining a significant investor. This partnership aims to accelerate FDH's growth strate...
Cyabra, an AI-driven disinformation intelligence company, has secured a contract worth over $500,000 to provide its technology to a leading international research institute focused on tracking global hate speech. The platform will help identify coord...
Novo Nordisk announced positive Phase 3 trial results for CagriSema, a once-weekly therapy combining an amylin analog with a GLP-1 receptor agonist, which significantly reduced HbA1c and body weight in adults with Type 2 diabetes. The company also sh...
