Hermeus, a defense aviation company developing high-Mach unmanned aircraft, today announced it has closed $350 million in Series C financing. The round was led by Khosla Ventures, with continued support from Canaan Partners, Founders Fund, RTX Ventures, Bling Capital, and In-Q-Tel. Joining as new investors are Cox Enterprises and their venture fund Socium Ventures, Destiny Tech100, Georgia Tech Foundation, 137 Ventures, GSBackers, among others. Debt capital is being provided by Silicon Valley Bank, a division of First Citizens Bank, Pinegrove Venture Partners, Hercules Capital, and Trinity Capital. This funding provides the strategic capital to move from prototyping to mission-ready, high-Mach platforms, keeping Hermeus on a path to deliver the fastest unmanned aircraft flying today. With the successful flight of Quarterhorse Mk 2.1, supersonic flight is now imminent. The team is now scaling to a fleet of three F-16 scale aircraft, accelerating our path to Mach 3 and starting customer payload integration.

“Speed is life for us,” said AJ Piplica, Founder and CEO of Hermeus. “This new funding lets us build multiple aircraft at the same time and scale our manufacturing capabilities, adding more hardware richness and robustness to our program. That accelerates our path to ramjet-powered flight. We are grateful for the support of our long-term partners who share our vision of building fast planes fast. Together, we’re bringing scalable, asymmetric capabilities to our national security customers.”

Full report : Hermeus Reaches $1 billion Valuation After Raising $350 million Series C Funding Round.

For more see the OODA Company Profile on Hermeus.