Y Combinator backs its first defense startup, Ares Industries

Reading Time: 5 minutes

The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week.

In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a form factor that’s 10x smaller and 10x cheaper.”

Ares Industries’s founders say they’ve tested prototypes in the Mojave Desert and plan to deliver working missile systems to their first customers in mid-2025.

YC partner Jared Friedman told the FT that the incubator started encouraging defense tech startups to apply earlier this year.

YC’s CEO Garry Tan was an early employee at data analytics company Palantir, which has become hugely successful through its sometimes controversial work for U.S. military, as well as other governments and agencies. CEO Alex Karp defended the company’s “consistently pro-Western view” in a recent New York Times interview.

The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build…

Image Credits: Ares Industries

Pavel Durov, founder and CEO of messaging app Telegram, was arrested on Saturday evening while leaving his private jet at France’s Le Bourget airport, as initially reported by French television…

The Port of Seattle, which also operates the Seattle-Tacoma International Airport, said it was hit with a “possible cyberattack” that appeared to affect websites and phone systems. The port first…

Travly is a new social-first discovery and hotel booking platform designed to cater to the growing number of travelers who rely on short-form video content for trip ideas.  The platform…

As AI developers and others start to think more deeply about how computers and people intersect, Stephan Wolfram says it is becoming a much more of a philosophical exercise

Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would…

Apple will be unveiling new products on September 10, with the announced phones going on sale on September 20, according to a report from Bloomberg’s Mark Gurman. That lineup will…

Boeing’s Starliner mission is coming back to Earth — empty. After months of data analysis and internal deliberation, NASA leadership announced today that Starliner will be coming back to Earth…

A surprising number of “iPad kids” — aka Generation Alpha’s 7- to 9-year-old demographic — are using X, according to new data from parental control software maker Qustodio. The firm…

This week, Google joined a $250 million deal with the state of California to support California newsrooms. While the deal offers a much-needed cash infusion for an industry that’s seen…

A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had…

Featured Article

VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices

VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities…

1 day ago

After two years of building the company, the company quietly launched its beta in June and is officially announcing it today, right here, in TechCrunch. 

From the looks of things, companies in the category — including Agility Robotics and Formlogic — can’t hire quickly enough.

Automatically disappearing posts on social networks could be handy for users who have a habit of deleting their posts through third-party tools, or if the context of those posts is…

Two former OpenAI researchers who resigned this year over safety concerns say they are disappointed but not surprised by OpenAI’s decision to oppose California’s bill to prevent AI disasters, SB…

Neil Mehta, the VC behind the acquisition of a string of properties on San Francisco’s tony Fillmore Street, made waves earlier this week for reportedly throwing long-established local restaurants to…

RealPage, which makes property management software, was sued Friday by the U.S. Justice Department and eight attorneys general for allegedly helping apartment and building managers around the country collude to…

Colorful Capital’s co-founders, William Burckart and Megan Kashner, declined to comment. 

Andrew Ng is stepping down from his role as CEO at Landing AI, the computer vision platform he founded in 2017. Dan Maloney, formerly the COO, will take the reins…

AI models are being applied to every dataset under the sun, but are inconsistent in their outcomes. This is as true in the medical world as anywhere else, but a…

No two businesses are the same, and that’s good news: As we saw again this week, it opens up space for companies to try opposite approaches, join forces or challenge…

EV startup Canoo’s chief technology officer Sohel Merchant has left the company, two people familiar with his departure have told TechCrunch. Merchant was one of the members of Canoo’s founding…

A company spokesperson for the oil drilling and fracking giant declined to name the executive overseeing cybersecurity, if any.

The move is an effort to squeeze additional revenue from second-hand products, over concerns that cheaper, slightly used bikes, treadmills and rowers could cannibalize used sales.

Time is running out! These are the last hours to save up to $600 on TechCrunch Disrupt 2024 tickets — offer ends tonight at 11:59 p.m. PT. Join 10,000+ startup…

Article Source




Information contained on this page is provided by an independent third-party content provider. This website makes no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact editor @pleasantgrove.business

Warning! This link is a trap for bad bots! Do not follow this link or you're IP adress will be banned from the site! Skip to content