Colorado-based defence aerospace unicorn True Anomaly has raised $650 million in a Series D funding round, lifting its valuation to $2.2 billion as it ramps up hiring, manufacturing and spacecraft deployment. The raise brings the company’s total capital secured since its 2022 launch to $1 billion.
The round was co-led by Eclipse and Riot Ventures, with participation from new investors including Paradigm, Atreides, G Squared, The Private Shares Fund and VanEck. Existing backers such as Accel, Menlo Ventures, ACME Capital, Space VC, Meritech Capital, Narya and 645 Ventures also joined the financing. The package includes $50 million in debt financing from Stifel Bank.
The fresh capital arrives as True Anomaly gains momentum in the rapidly expanding national security space market. The company was recently named one of 12 businesses selected for a combined $3.2 billion contract to develop prototypes capable of intercepting missiles from space under President Donald Trump’s Golden Dome programme.
This award places the startup among a new generation of private defence contractors working on technologies once dominated by traditional aerospace giants. As governments increase spending on missile defence and orbital security, companies able to move quickly are drawing growing investor attention.
True Anomaly was founded by former Air Force officer Even Rogers, who serves as CEO, alongside Daniel Brunski, Kyle Zakrzewski and Tom Nichols. The business is headquartered in Centennial, Colorado, with additional offices in Colorado Springs, Washington DC and Long Beach, California.
Its military roots and engineering focus have helped position the startup as a serious contender in the race to secure space assets and defend orbital infrastructure.
True Anomaly focuses on building autonomous spacecraft designed to operate in contested space environments. Its flagship vehicle, Jackal, is built to manoeuvre close to other satellites in orbit, collect intelligence through onboard sensors and capture high-resolution imagery.
The spacecraft is designed to function across multiple orbital environments, giving military customers a platform that can inspect, monitor and respond to potential threats beyond Earth’s atmosphere.
The company demonstrated progress in December 2024, when it successfully launched and operated Jackal in low-Earth orbit aboard a SpaceX Falcon 9 mission. That success followed an earlier March 2024 mission involving two Jackal spacecraft, where the company was unable to maintain lasting communications after deployment.
While setbacks are common in the space industry, the later successful mission helped validate True Anomaly’s technology and strengthened confidence in its execution capabilities.
Alongside Jackal, the company has developed Mosaic, its proprietary mission autonomy software platform. Mosaic is designed to help coordinate spacecraft operations, automate decision-making and enable faster responses during complex missions.
This combination of spacecraft hardware and mission software gives True Anomaly a vertically integrated model that could prove valuable as military customers seek end-to-end systems rather than fragmented suppliers.
The new funding will be used to accelerate delivery across its expanding product portfolio, including autonomous spacecraft, advanced payloads, mission software and space-based interceptors. It also plans to invest heavily in manufacturing capacity as demand rises.
Headcount growth is another major priority. True Anomaly expects to increase its workforce from around 250 employees to more than 500 by the end of 2026, reflecting the scale of programmes now moving through development.
The company says the next 18 months will be particularly active, with plans for around a dozen missions. These include the VICTUS HAZE tactically responsive space demonstration, multiple operations in low-Earth orbit and geostationary orbit, and further expansion of its payload capabilities.
With geopolitical competition intensifying beyond Earth, True Anomaly is betting that future defence leadership will depend as much on spacecraft autonomy and orbital control as it does on traditional weapons systems. This latest raise gives it the resources to compete at scale.
