Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Y Combinator, the renowned start-up incubator based in San Francisco, has made its first foray into the defense industry by backing Ares Industries. Ares Industries, described as aiming to be the 'SpaceX of missiles', is focused on developing low-cost cruise missiles. These missiles are pitched as particularly suited for a potential conflict in the Taiwan Strait, where U.S. military stockpiles could be rapidly depleted. Ares claims its anti-ship cruise missiles will be 10 times smaller and 10 times cheaper than existing options, with a price tag of $300,000.
Y Combinator has backed a company building "low-cost cruise missiles". Its the first time the prestigious start-up incubator has taken on a weapons company. https://t.co/H5yEocDFuu
Y Combinator is backing a weapons maker for the first time, betting that it could shake up the defense industry with low-cost, anti-ship missiles. https://t.co/DkOcQxtWNo
San Francisco's Y Combinator has backed Ares Industries, which has pitched 'low-cost cruise missiles' as suited for use in a potential US-China conflict over Taiwan. https://t.co/pEnGR0FqIp https://t.co/Np5J2mD9A1
