True Anomaly Secures $650 Million In Series D Round Led By Eclipse And Riot Ventures

True Anomaly has raised $650 million in a Series D round, bringing its total funding to over $1 billion since its 2022 founding and valuing the Colorado-based defense startup at around $2.2 billion. The round was co-led by Eclipse and Riot Ventures, with participation from new investors including Paradigm, Atreides, G Squared, The Private Shares Fund, and VanEck, alongside existing backers such as Accel, Menlo Ventures, ACME Capital, Space VC, Meritech Capital, Narya, and 645 Ventures, plus $50 million in debt financing from Stifel Bank.

Summary of transaction details:

• Deal Type: Series D
• Transaction Amount: $650,000,000
• Valuation: $2,200,000,000
• Headquarters: Centennial, Colorado
• Founders: Even Rogers & Kyle Zakrzewski
• Investors: Eclipse, Riot Ventures, Paradigm, Atreides, G Squared, The Private Shares Fund, VanEck, Accel, Menlo Ventures, ACME Capital, Space VC, Meritech Capital, Narya, 645 Ventures & Stifel Bank

True Anomaly builds autonomous spacecraft for U.S. military applications, focusing on space-based missile defense initiatives. The company plans to utilize the raised capital to scale production of its Jackal orbital vehicles and significantly expand its workforce. CEO Even Rogers has highlighted the urgency of enhancing U.S. capabilities in space defense as the company prepares for missions in geosynchronous orbit and cislunar space.