US EditionNigeria: Palantir Co-Founder Backs Nigerian Startup Terra in $11.8m Round
Terra Industries raised $11.8 million to expand autonomous drones and security systems protecting $11 billion in critical infrastructure amid rising militant threats.
- On Monday, Abuja-based Terra Industries said it raised 11.8 million in a seed round led by 8VC and announced its emergence from stealth.
- Rising insecurity in Mali to Nigeria has prompted Terra to expand manufacturing and support cross-border deployments as militant groups linked to Islamic State and al-Qaeda increase activity, while Africa holds more than 30% of global critical mineral reserves.
- Its ArtemisOS platform powers autonomous drones, sentry towers, and unmanned ground vehicles at its Abuja facility, protecting assets valued at about $11 billion, and generating over $2.5 million in revenue.
- Using the new capital, Terra will expand manufacturing in Africa, open software offices in San Francisco and London, and grow its AI team to support cross-border security deployments.
- Led by Joe Lonsdale, the investment round included Lux Capital, African investors and angel Meyer Malka, while founders Nathan Nwachuku, 22, and Maxwell Maduka, 24, built a team with 40% ex-Nigerian military engineers and advisor Vice Air Marshal Ayo Jolasinmi.
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US investors back Nigerian drone maker Terra Industries
Nigerian drone maker Terra Industries raised new funding to expand output at its factory in Abuja and open a second in East Africa this quarter, its CEO Nathan Nwachuku told Semafor.Terra Industries, which supplies defense equipment to governments and companies across Africa, raised $11.75 million from more than half a dozen backers including 8VC, a venture capital firm run by the co-founder of data analytics company Palantir, and SpaceX investo…
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New Movies & TV Shows, Trailers & ReviewsThese Gen Zers just raised $11.75M to put Africa's defense back in the hands of Africans
African defense company Terra comes out of stealth with a $11.75M round led by Joe Lonsdale's 8VC.
From Stealth to Scale: Terra Industries Secures $11.7M to Protect Africa’s Critical Infrastructure
Terra Industries, Africa’s first defense prime focused on autonomous security systems, has officially emerged from stealth to raise $11.7 million in a funding round led by 8VC, the venture firm founded by Palantir co-founder Joe Lonsdale. The round also saw participation from Valor Equity Partners, Lux Capital, SV Angel, Silent Ventures, Leblon Capital, and angel […] The post From Stealth to Scale: Terra Industries Secures $11.7M to Protect Afri…
Gen Z-led Terra Industries Raises $11.75M to Scale African Defense
African defense company, Terra Industries, has raised $11.75 million to scale its manufacturing capabilities. Joe Lonsdale’s 8VC led the round with participation from Valor Equity Partners, Lux Capital, SV Angel, Nova Global, and angel investors, including Alex Moore, who sits on the board of Palantir, and California-based investor Meyer Malka. The new funding will help to build Africa’s first defense prime by developing autonomous defense syste…
Terra Industries raises $11.75 million to upscale Africa's defence systems
Terra Industries, a defence tech startup, has raised $11.75 million to address Africa’s growing insecurity challenges using homegrown defence technology. The funding round was led by U.S. venture capital firm 8VC, founded by Palantir co-founder Joe Lonsdale, with participation from Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital, Silent Ventures, Nova Global, and angel investor Micky Malka. “The goal is to build Africa’s first defen…
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