Castelion

Summary

Castelion, a hypersonic missile startup based in Torrance, California, has raised $800 million in a Series C funding round, achieving a post-money valuation of $13 billion. The investment round was led by JPMorgan's Strategic Investment Group, Andreessen Horowitz (a16z), and Carlyle. This significant funding milestone comes amid heightened demand for missiles due to the ongoing conflicts in Iran and Ukraine, which have strained global weapon stockpiles. The rapid growth in the lower-cost missile sector underscores a shift in defense priorities, with speed becoming a key factor in modern warfare capability.