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Pentagon seeks to use the Defense Production Act to enable defense contractors to coordinate on supply-chain issues while avoiding antitrust violations.
Public claims with deadlines
Nothing on the calendar yet.
Hearings · rulings · statutory deadlines
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Mega-rounds ($250M+) dominate 2025–2026, with nine exceeding $500M. Anduril's $2.5B Series G and Saronic's $1.8B Series D set new peaks. Median funding per round climbed sharply; seed-stage remains under $50M, while late-stage rounds now routinely hit $300M–$650M.
Late-stage capital (Series D and beyond) absorbs 65%+ of total deployed capital. Series C and D rounds cluster densest in 2025–2026. Early-stage (seed, Series A/B) activity steady but marginal by dollar volume. Growth rounds emerging as a secondary bracket ($18M–$73M).
Founders Fund, Andreessen Horowitz, and Khosla Ventures dominate multi-round participation. Advent International, Valor Equity Partners, Accel, and Riot Ventures surge as repeat late-stage backers. L3Harris and Hanwha Asset Management signal defense-industry LPs entering private rounds; BlackRock and Lux Capital maintain steady presence across stages.
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Talent + spinout pipeline