Air-defense startup Singularity secures $80 million

Air-defense startup Singularity secures $80 million 7h ago

Singularity exited stealth mode on Tuesday, announcing an $80 million Series A funding round that values the company at $400 million. The round was led by Khosla Ventures and Felicis, with participation from New Enterprise Associates, AE Ventures, Harpoon Ventures, Menlo Ventures, Long Journey, New Vista Capital, YCombinator, Sunflower, and Decisive Point. The startup's singular mission is to improve and proliferate air defenses in response to the increasing use of inexpensive drones and missiles in conflicts worldwide.

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