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Illustration: Sarah Grillo/Axios

Dedrone, an SF-based drone defense startup, raised $30.5 million in Series C funding led by public safety firm Axon, Axios has learned.

Why it matters: Drone traffic is proliferating faster than is monitoring and mitigation technology. Dedrone's situational awareness software is designed to help safety authorities catch up before there is either intentional or unintentional harm.

Other investors include Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners, TempoCap and John Chambers. No valuation terms are being disclosed, although CEO Aaditya Devarakonda tells Axios that the round was done at "multiples" of the $100 million post-money mark it secured last year in a round led by General Dynamics.

The bottom line: "If you're an airport or stadium, the biggest threat is someone flying a drone at you with a whole lot of stuff on it, whether that be cameras that capture sensitive information or something worse... Our biggest competition is not having an airspace line item in security budgets." — Aaditya Devarakonda

Go deeper

Dan Primack, author of Pro Rata
Dec 16, 2021 - Economy & Business

Scoop: Gopuff raises $1.5 billion

Illustration: Annelise Capossela/Axios

Gopuff, an instant delivery platform for everyday items, has raised $1.5 billion in what could be a valuation of up to $40 billion, Axios has learned.

Why it matters: This suggests that the Philadelphia-based company, which recently launched in London and New York, is preparing for a 2022 IPO.

Nathan Bomey, author of Closer
2 hours ago - Economy & Business

Tesla delays Cybertruck until 2023

Tesla debuts the Cybertruck in Hawthorne, Calif., on Nov. 21, 2019. Photo: Frederic J. Brown/AFP via Getty Images

Tesla is at risk of falling behind on one of the most critical products in the American auto industry: pickups.

Why it matters: Pickups are the most profitable segment in the business and account for the first, second and third best-selling vehicles in the country. Without a serious pickup strategy, Tesla could miss out on a huge source of future income.

Defense taking steps to mitigate civilian harm after botched airstrikes

Secretary of Defense Lloyd Austin speaks during a news conference at the Pentagon in Arlington, Virginia on Sept. 1, 2021. Photo: Andrew Harrer/Bloomberg via Getty Images

Defense Secretary Lloyd Austin issued a directive Thursday to improve the U.S. military's approach to civilian harm mitigation and response, calling it a "strategic and a moral imperative."

Why it matters: The Pentagon has faced criticism for years for amassing civilian casualties in its missions, especially in the Middle East. New York Times investigations have found systemic failures in efforts to prevent civilian deaths, as well as a cover-up of a 2019 airstrike that killed dozens of women and children in Syria.