AI & Enterprise
Hypersonic missile startup Castelion raises $800 million in Series C funding
Castelion, a hypersonic missile developer headquartered in Torrance, California, raised $800 million in a Series C funding round, Axios reported on Aug. 20 local time. The round valued the company at $13 billion. JPMorgan Strategic Investments Group, Andreessen Horowitz and Carlyle led the investment, with Lightspeed, Lavrock Ventures, Altimeter, General Catalyst, Interlagos and T. Rowe Price also participating.
