Monthly roundup · Defence Tech · August 2026

Defence Tech startup funding, August 2026: ICEYE's $1.2B Series F leads 13 rounds

By Millionrounds ResearchPublished 1 September 2026Updated 9 October 2026

We read 13 equity rounds in Defence Tech announced in August 2026, raising $3.8B between them: 6% of all the rounds we read that month and 15% of the money. The largest was ICEYE's $1.2B Series F, led by Scaleup Europe Fund and EQT's Scaleup Europe Fund. The median seed round was $12M, against $8.8M over the last twelve months in Defence Tech; at Series A it was $21M.

Equity rounds13in Defence Tech, 13 with an amount
Raised$3.8Bacross those rounds
Lead named85%of rounds say who led
Share of the month6%of rounds; 15% of the money

The biggest rounds

  1. 1ICEYESeries F · Finland · led by Scaleup Europe Fund, EQT's Scaleup Europe Fund$1.2B
  2. 2CastelionSeries C · United States · led by Andreessen Horowitz, JP Morgan Chase$800M
  3. 3AntaresSeries C · United States · led by Paradigm, Caffeinated Capital$470M
  4. 4Cambridge AerospaceSeries C · United Kingdom · led by DFJ$300M
  5. 5Muon SpaceSeries C · United States · led by Eclipse Capital$250M
  6. 6Neros TechnologiesSeries C · United States · led by Sequoia Capital, American Strategic Technology Fund (ASTF)$250M
  7. 7RREGENT CraftSeries B · United States · led by AE Ventures, Mare Liberum$240M
  8. 8KKraken TechnologySeries B · United Kingdom · led by DTCP$175M
  9. 9SSmack TechnologiesSeries B · United States$61M
  10. 10Aurelius SystemsSeries A · United States · led by Draper Associates, KAS Venture Partners$40M

Day by day

Equity rounds in Defence Tech announced each day of August. The busiest day was 4 August, with 2.

1 August31 August

By stage, against the year

Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors.

Seed2$12Mthis month$8.8M12 months here
Series A2$21Mthis month$25M12 months here
Series B3$175Mthis month$50M12 months, all sectors
Series C5$300Mthis month$100M12 months, all sectors

Where

United States had the most Defence Tech rounds this month.

Against the month

  • Rounds, Defence Tech13
  • Rounds, all sectors220
  • Raised, Defence Tech$3.8B
  • Raised, all sectors$25B

The whole of August 2026

Other sectors in August

117 roundsAI→32 roundsFintech→24 roundsRobotics→21 roundsConstruction→18 roundsHealthcare→18 roundsSoftware→17 roundsEnergy→14 roundsLogistics→14 roundsBig Data & Analytics→12 roundsEnterprise Software→12 roundsCloud→11 roundsCleantech→11 roundsBiotech→11 roundsCybersecurity→10 roundsClimate Tech→