Supersonic jet engines, dairy farming goes autonomous, and your cab may be an eVTOL. Daily Hard Tech Headlines: - @defensegameday launches April 23–24 at APEX Defense in D.C., a new live media show from Atoms Not Bits and partners. - Theseus, the San Francisco based startup https://t.co/1zliqismcY
Congrats to the team at Theseus (https://t.co/oWgRMH4hG5) on their $4.3M seed! Theseus has built an unjammable replacement for GPS. Their Micro Visual Positioning System lets America’s special forces run missions they otherwise couldn’t, by providing positioning for their drones https://t.co/rI4rv18CfA
Garry Tan: YC is the YC of Hard Tech "The median YC startup will end up raising a $1M - 1.5M at Demo Day. But the harder tech companies that can show a lot of real commercial validation or technological breakthrough during those 3 or 4 months of YC They're raising $3M, $5M, https://t.co/7vWodIyfVI
Theseus, a defense technology startup based in San Francisco, has raised $4.3 million in seed funding to develop GPS-free military drones. The company has created a Micro Visual Positioning System that serves as an unjammable alternative to GPS, enabling U.S. Special Forces to conduct missions that were previously not possible. The funding round was influenced by a viral tweet that caught the attention of Y Combinator and the U.S. Special Forces. Theseus is part of a broader trend of hard tech startups gaining traction and raising larger funding rounds due to demonstrated technological breakthroughs and commercial validation. The company was supported by investors including Y Combinator and received a $500,000 investment following a chance meeting with CEO Carl Schoeller. Theseus aims to enhance defense capabilities by providing reliable positioning systems for military drones, addressing vulnerabilities associated with GPS reliance.