Castelion vs Blackbaud Raiser's Edge NXT
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $350M Series B (Dec 2025). $50M US Navy contract for Blackbeard hypersonic prototyping. 1,000-acre solid rocket motor facility under construction.
About
Castelion is a defense startup developing the Blackbeard hypersonic missile system, one of the few startups with an active US Navy contract for hypersonic weapons full-scale prototyping and early operational fielding. The company raised $350 million in Series B financing in December 2025 and secured a $50 million US Navy contract for Blackbeard prototyping, directly addressing the DoD's urgency to field hypersonic strike capability as China and Russia have demonstrated operational hypersonic weapons.
Blackbaud nonprofit CRM (NASDAQ: BLKB, projected $1.12B+ 2025 revenue) serving 100K organizations with $100B+ annual flow; 70+ AI capabilities at bbcon 2025 and AI Coalition with Anthropic competing with Salesforce Nonprofit for major gifts.
About
Blackbaud Raiser's Edge NXT is a cloud-based nonprofit fundraising and constituent relationship management platform developed by Blackbaud (NASDAQ: BLKB) — a Charleston, South Carolina-based social impact software company reporting $1.12-1.13 billion in projected 2025 revenue serving nearly 100,000 nonprofit, foundation, and social impact organization customers globally, with $100+ billion raised, granted, or managed through Blackbaud platforms annually. Raiser's Edge NXT (the cloud-native successor to the legacy Raiser's Edge on-premise CRM) provides major gift fundraising teams, annual fund programs, and donor stewardship operations with prospect research, campaign management, gift processing, constituent relationship tracking, and analytics. At bbcon 2025 in Philadelphia, Blackbaud unveiled 70+ embedded AI capabilities across its product suite and announced the AI Coalition for Social Impact (with Anthropic and Databricks) to advance responsible AI adoption for nonprofits. CEO Michael Gianoni has led Blackbaud since 2014. Founded 1981 by Anthony Bakker.
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