Accel Leads $145 Million Fundraising Round for Chaos Industries
Chaos Industries picked up a key new employee last month, naming former Texas congressman Will Hurd as chief strategy officer.
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Defense startup Chaos Industries landed $145 million in a Series B round led by Accel, more than doubling what it got in its initial fundraising effort.
The new funding will be used to further the development of advanced sensor, detection and communications technologies, Chaos Industries said Wednesday. The company’s Vanquish radar provides early warning and tracking capabilities against drones, missiles and aircraft.