Hermeus Raises $350M to Build Unmanned Hypersonic Fighters

Defense startup Hermeus has secured $350 million in funding to continue developing its unmanned hypersonic aircraft, pushing its valuation to $1 billion. The Los Angeles-based company plans to use the funds to expand its manufacturing capabilities and talent pool.

A New Era in Defense Technology

Hermeus's raise comes at a time when venture and corporate investors are flooding money into defense startups. VC investment in defense tech crossed $9 billion over 265 rounds globally last year, according to PitchBook, with corporate investors contributing $2 billion across 28 rounds.

A Proven Engine, A Faster Track

Piplica and his team decided to work with RTX subsidiary Pratt & Whitney to modify the aerospace company's F100 engine in order to power Hermeus' hypersonic aircraft. This put Hermeus on a faster track with a proven and functional engine, making it easier to test and iterate while lining up new contracts with the U.S. government along the way.

Rapid Prototyping and Talent Acquisition

The startup has now had two successful test flights, and it's aiming to make the next iteration of its aircraft go supersonic. A third aircraft is in the works as well, Piplica said. The new funding round will also help Hermeus continue to build out its staff, which is already approaching 300 employees.

The Challenge Ahead

The hardest challenge Hermeus faces is cultivating or developing talent, Piplica said. "There's nowhere in the world where companies are building new full-scale aircraft on an annual basis, clean sheet or otherwise," he said. "People used to do that, but they're all dead, which means you have to go make those people in one way or another."

A Bright Future Ahead

Hermeus's $350 million funding round is a testament to the company's innovative approach to defense technology. With its proven engine and rapid prototyping approach, Hermeus is well-positioned to make a significant impact in the industry. As the company continues to grow and develop its talent pool, it will be exciting to see what the future holds for this ambitious startup.