Y Combinator backs its first defense startup, Ares Industries

Date:

Share post:


Y Combinator’s first defense startup, Ares Industries, launched earlier this week.

In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a form factor that’s 10x smaller and 10x cheaper.”

Ares Industries was founded by Devan Plantamura and Alex Tseng, who said they’ve tested prototypes in the Mojave Desert and plan to deliver working missile systems to their first customers in mid-2025.

“We believe our vision for anti-ship cruise missiles can help fill the munitions gap that the US faces,” they wrote. “At Ares, we would never wish for a war to occur. But by helping to rebuild our defense industrial base, we can make sure the United States is prepared to stop a conflict and save countless lives.”

YC partner Jared Friedman told the FT that the incubator started encouraging defense tech startups to apply earlier this year.

While defense startups are relatively rare in Silicon Valley, YC’s CEO Garry Tan was an early employee at data analytics company Palantir, which has become hugely successful through its sometimes controversial work for U.S. military, as well as other governments and agencies. CEO Alex Karp recently told The New York Times he was “not going to apologize” for Palantir’s work and instead defended the company’s “consistently pro-Western view.”



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Onyx Motorbikes is back, one year after its owner died leaving the company in shambles

A year after Onyx Motorbikes owner James Khatiblou died suddenly, leaving customers with unfulfilled orders and millions...

Sony’s CES 2025 press conference: How to watch

Sony knows how to put on a show at CES. The company’s pressers are high octane, star-studded...

OpenAI ‘considered’ building a humanoid robot: Report

OpenAI has recently explored building its own humanoid robot, according to The Information. The report cites “two...

Samsung’s CES 2025 press conference: How to watch

Samsung’s CES presser is always an odd duck. The Korean electronics giant generally keeps its powder dry...

Google is using Anthropic’s Claude to improve its Gemini AI

Contractors working to improve Google’s Gemini AI are comparing its answers against outputs produced by Anthropic’s competitor...

Revenue-based financing startups continue to raise capital in MENA, where the model just works

In an era where it has become tougher to raise venture capital, many companies have turned to...

Watch Boston Dynamics’ electric Atlas do a backflip

A little early holiday surprise from Boston Dynamics this week, as Santa suit-wearing electric Atlas performs a...

Clop ransomware gang takes credit for latest mass hack that breached dozens of companies

Clop, a prolific ransomware gang, has taken credit for stealing data from at least 66 companies by...