Vinod Khosla Invests in Hermeus, Pushing Valuation to $1 Billion
Vinod Khosla Is Betting On This 'Exciting Company' Building Fast Aircraft As It Chases $1 Billion Valuation
Benzinga
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Venture capitalist Vinod Khosla has led a $350 million Series C funding round for Hermeus, a defense aviation startup, elevating its valuation to $1 billion. The investment will accelerate the development of high-speed military aircraft, including the Quarterhorse testbed and Darkhorse drone.
- 01Vinod Khosla's Khosla Ventures led a $350 million Series C funding round for Hermeus.
- 02The funding boosts Hermeus' valuation to $1 billion.
- 03Capital will be used to develop the Quarterhorse testbed and Darkhorse drone.
- 04Hermeus aims to build aircraft capable of flying above Mach 5.
- 05The company faces competition from firms like Boom Supersonic and Spike Aerospace.
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Vinod Khosla, founder of Khosla Ventures, has reaffirmed his support for Hermeus, a startup focused on developing high-speed military aircraft, by leading a $350 million Series C funding round. This investment pushes Hermeus' valuation to $1 billion, with $200 million in equity and $150 million in debt. The funds will accelerate the development of its Quarterhorse testbed and Darkhorse drone, enhancing its manufacturing capabilities with a new facility in El Segundo, California. Khosla expressed confidence in Hermeus' strategy, noting the company's potential to address critical capability gaps in modern warfare. Founded in 2018, Hermeus aims to create aircraft that can fly above Mach 5 and is competing against other notable companies in the high-speed aerospace sector, such as Boom Supersonic and Spike Aerospace.
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The investment will enhance job creation and technological advancement in the aerospace sector, particularly in California.
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