LOS ANGELES–(BUSINESS WIRE)–CHAOS Industries, a technology company building the next generation of defense and national security systems, today announced that it has raised $275 Million in Series C funding to support the next phase of its commercial growth and development.
The Series C was led by New Enterprise Associates (NEA) and co-led by Accel, with participation from StepStone Group, Overmatch Ventures, Tru Arrow Partners, and Valor Equity Partners.
Proceeds will be used to enhance the performance capabilities of CHAOS Industries’ advanced detection, monitoring, and communication solutions; scale its manufacturing capacity; and drive further defense technology innovation.
“CHAOS Industries is delivering transformative solutions that address critical defense objectives,” said CHAOS Industries Founder and Co-CEO John Tenet. “The future of our national security hinges upon our access to advanced defense technologies and our willingness to invest in their development. The latest funding round demonstrates our company’s commitment to this mission.”
The Series C round brings total funding raised by the company since inception to $490 million.
“The U.S. and its allies are facing an increasingly complex threat environment that must be met with persistent technological innovation,” said CHAOS Industries Founder and Co-CEO Dr. Bo Marr. “This funding will enable CHAOS Industries to continue advancing pathbreaking solutions that meet the defense needs of today and tomorrow.”
“Chaos has architected a sensing and command infrastructure that addresses one of the most persistent asymmetries in modern defense—the cost, complexity, and fragility of traditional detection systems,” said NEA Executive Chairman & Chief Investment Officer Scott Sandell. “Their architecture unlocks new capabilities in distributed sensing, network coherence, and system survivability. By solving a hard systems problem at the intersection of signal coherence, time synchronization, and distributed autonomy, Chaos enables new operational doctrine and battlefield utility. We’re proud to lead this round as the company redefines how sensing infrastructure is deployed across U.S. and allied missions, scales to meet urgent demand, and continues to earn Programs of Record.”
CHAOS Industries’ Series C round follows the November 2024 closing of $145 million in Series B funding, which was led by Accel, with participation from 8VC, as well as Overmatch Ventures, Lerner Enterprises, and existing insiders.
The company recently announced the appointment of former Director of Central Intelligence George J. Tenet as Executive Chairman. Through his decades of experience at the forefront of American national security as well as his career in the private sector, Mr. Tenet has accumulated unparalleled expertise and leadership experience that will be instrumental in driving CHAOS Industries’ continued growth.
Today, CHAOS Industries is actively developing a suite of products known as Coherent Distributed Networks™, a paradigm-shifting technology category, which enables unprecedented performance for sensors and effectors. The first product in this category, Vanquish™, is a dual-use, multistatic commercial radar that provides early warning and tracking capabilities against unmanned aerial systems (UAS), missiles, and aircraft.
About CHAOS Industries:
CHAOS Industries is a technology company that is building the next generation of defense and critical industry technologies. Applying an engineering-led strategy, CHAOS Industries provides mission-driven, world-class engineers with a platform to build solutions to critical real-world problems. CHAOS Industries’ sprint engineering system leads to rapid prototyping, while deep partnerships with defense and industry ensure real-world application.
CHAOS Industries was founded in 2022 by John Tenet (Epirus and 8VC), Dr. Bo Marr (Epirus and Raytheon), Gavin Hood (Palantir and UK Secret Intelligence Service), and Brett Cummings (8VC and Formation 8).
To learn more, please visit www.chaosinc.com.