Terra Industries announced an additional $18 million in funding, bringing its seed round to $52 million. Investors include Joe Lonsdale’s 8VC, Silent Ventures, and Nova Global. The African defense tech company develops autonomous systems such as drones and mine-detecting combat vehicles.
The startup plans to use the capital to expand manufacturing across the Global South, open offices in London, San Francisco, and Washington, D.C., and accelerate product deployment. It reports being on track to book $100 million in contracts and generate tens of millions in revenue by year-end.