Felicis led the round, with significant participation from Hedosophia and additional investment from Menlo Ventures, Cantos, Flume Ventures, Qstar Capital, Friends & Family Capital, Anorak Ventures and MVP Ventures. Heaviside plans to use the capital to build the infrastructure and workforce needed for high-volume production across an expanded U.S. operational footprint.
Under the new industrial partnership, Nammo will become the warhead supplier for Heaviside’s precision munitions platforms. Heaviside said the arrangement will combine its systems with Nammo’s warheads and established supply chain as the company moves to increase production.
“In defense, reputation and proven experience are paramount. The team at Heaviside has both,” said Jake Storm, General Partner at Felicis. “Pairing Heaviside’s deep operational expertise with Nammo’s established supply chain creates a scalable system that readily meets the rigorous demands of defense forces.”
“We are proud to lead their Series B as they expand their operational footprint and deliver critical autonomous capabilities to U.S. and allied forces.” Heaviside said the partnership with Nammo is intended to support unmanned munitions systems with greater manufacturing scalability and mission flexibility.
“Partnering with Nammo marks a major milestone for Heaviside, expanding our ability to deliver robust, fully integrated, and cost-effective precision munitions to customers at speed,” said Phillip Walker, Heaviside CEO. “Combined with our recent Series B financing, this partnership positions Heaviside to quickly scale and deliver our precision strike solutions to warfighters and allied customers worldwide.”
Heaviside currently operates facilities in Los Angeles, California, and Oslo, Norway, and plans to expand its presence across the United States. The company said the expansion will support higher production capacity, faster hiring, fulfillment of existing commitments and preparation for future demand.
