Hypersonica raises €100 million for hypersonic missile development

Conflict · First reported 2 Nov, 10:39 · Updated 11:13

Image: Wikimedia Commons · Francis Matahum · CC BY-SA 4.0

British-German defence startup Hypersonica says it will use its €100 million Series B to advance missile development and testing and expand European operations. The reporting also notes that the company has not disclosed a buyer or per-missile price.

Hypersonica raised €100 million in a Series B round co-led by Lightspeed and General Catalyst, with existing investors Plural and 201 Ventures participating.
The company says it will use the funding to accelerate deep-strike missile development, increase testing, and expand operations in Europe; it expects to create hundreds of engineering and manufacturing jobs in the UK and Germany.
Hypersonica is headquartered near Munich and has a London office. It was founded in 2023.
Tech Funding News reports that the company’s HS-1 prototype reached speeds above Mach 6 and flew more than 300 kilometres in a test launched from Andøya Space in Norway. Hypersonica says the flight followed nine months of development from concept.
The reports describe the company’s work in the context of the UK-Germany Trinity House Agreement, which includes plans for long-range conventional weapons. Tech Funding News says the programme’s delivery is projected for the 2030s.
Tech Funding News notes that Hypersonica has not named a buyer or disclosed a per-missile price, and says a future test will provide further evidence of progress.

Summary written by Lux AI from 3 articles

Key facts

Series B: €100 million
Co-lead investors: Lightspeed and General Catalyst
Headquarters and office: Munich area; London office
Reported HS-1 test: Above Mach 6 and more than 300 kilometres, according to Tech Funding News
Expected jobs: Hundreds of engineering and manufacturing jobs in the UK and Germany