Terra Industries says $18 million addition lifts seed round to $52 million
Image: Primary Terra Industries said it added $18 million in funding, bringing its seed round to $52 million. The African defense-technology company said it plans to use the capital to expand manufacturing across the Global South, open a London office, hire staff and accelerate product deployment. Terra says it is developing autonomous systems, drones and mine-detecting combat vehicles, and that it expects to book $100 million in contracts by year-end, including at least one federal contract.
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