EL SEGUNDO, Calif.–(BUSINESS WIRE)–Castelion – a new defense manufacturer helping America and its allies preserve peace through deterrence with long range hypersonic strike weapons – announced today it has raised $100M in debt and equity financing.
With rising tensions in the Indo-Pacific, the United States and its allies need a non-nuclear deterrent capability. Affordable, mass-produced hypersonic long-range strike weapons are required to build a decisive combat power advantage and deter future aggression.
The Series A financing round was led by Lightspeed Venture Partners, with participation from a16z, Lavrock Ventures, Cantos, First In, BlueYard Capital, and Interlagos. The financing includes $30M in Venture Debt financing provided by Silicon Valley Bank, with final close expected in February.
Funding will be used to continue Castelion’s rapid flight test campaign and invest in scaled manufacturing infrastructure for key missile subsystems.
About Castelion
Castelion is a defense manufacturer working to significantly reduce the cost and schedule required to field new long-range strike weapons through hardware rich development, vertical integration, and high cadence testing. Headquartered in El Segundo, California, and with facilities in Allen and Midland, Texas, Castelion is currently testing prototypes of its first product with long-range flight demonstrations planned throughout 2025.
Contacts
CONTACT INFORMATION:
Castelion
Sean Pitt
[email protected]
