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Raised $85M led by B Capital and In-Q-Tel. 42 autonomous surface vessels delivered to US military in 18 months. Jan 2026 JV with Hanwha for 200-foot autonomous vessel. Army, Navy, DIU contracts.
HavocAI builds autonomous surface vessels (USVs) for US military maritime operations — delivering 42 autonomous naval vessels to Army, Navy, and Defense Innovation Unit (DIU) customers in just 18 months, the largest autonomous naval drone fleet delivered by a startup to the US military. The company raised $85 million from B Capital Group and In-Q-Tel, and in January 2026 formed a joint venture with Hanwha Systems (a major South Korean defense contractor) to develop a 200-foot autonomous surface vessel for high-endurance maritime operations.
Founded 2016, Albuquerque NM. $105M Series B led by Lockheed Martin (2025). DoD contracts: $64M hypersonic SRMs, $67M Navy, $191M advanced SRM. Valued ~$591M on Forge.
X-Bow Systems is a next-generation defense propulsion company headquartered in Albuquerque, New Mexico, founded in 2016 by CEO Jason Hundley. The company specializes in the design, development, and production of solid rocket motors (SRMs) for national security, hypersonic weapons, and space applications. Its proprietary Additive Manufacturing of Solid Propellant (AMSP) technology — the core of its 'Rocket Factory in a Box' platform — replaces the traditional cast-and-pour method with a precision extrusion process that builds propellant grain geometry layer by layer, enabling faster development cycles, lower costs, and scalable production without sacrificing safety or reliability.
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