Gun turret startup Allen Control Systems raises $30 million Series A round as venture capitalists lean into defense tech

Quick Summary:

ACS, an Austin-based defense tech company, is working on an autonomous gun turret system that shoots enemy drones out of the sky.

While defense tech startups like ACS may be gaining more traction with the Department of Defense and with lawmakers in D.C., they are up against the prime contractors like Lockheed Martin, RTX, and General Dynamics that continue to dominate the space and still get most of the weapons budget allocations.

Most of the rest of the team is based in Austin, where Allen Control Systems can test its product on a third-party shooting range where it’s bought space.

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Article Details

Author / Journalist: Jessica Mathews

Category: EconomyBusiness

Markets: United States

Topics: Defense and defense Startups Arms weapons Venture Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 17:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1109 words

Reading Time: 7 minutes read

Sentences: 4 lines

Sentence Length: 278 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27372482

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