“There is a growing convergence of venture capital and national security, heightening the importance of rigorous legal due diligence around defense technologies, export controls, and government contracting.“
-Shruti Gurudanti, partner and director of corporate transactions at Rose Law Group
By Forbes
Accel is co-leading a $275 million funding round into Chaos Industries, a defense tech company that sells a suite of communications and radar products, another major bet for the firm on emerging defense companies.
The new funding for Los Angeles-based Chaos, a Series C round, will value the company at $2 billion, multiple people with knowledge of the deal told Forbes. New Enterprise Associates also co-led the round.
“The future of our national security hinges upon our access to advanced defense technologies and our willingness to invest in their development,” Chaos CEO John Tenet told Forbes in a statement, confirming the funding round. “The latest funding round demonstrates our company’s commitment to this mission.”
