Archive — US — techcrunch
Divergent raises $290M to expand production of specialized military parts
Divergent Technologies raised $290M to boost production of military parts amid increasing defense tech investments, valuing the company at $2.3 billion. The funds will aid manufacturing expansions in Los Angeles and a new factory in Oklahoma for producing components like missile parts for clients such as Lockheed Martin and RTX.
Key points
- Divergent Technologies raised $290M in new funding.
- The company specializes in manufacturing missile parts and components for military use.
- Valuation post-funding is $2.3 billion.
- Key clients include Lockheed Martin, RTX, and General Dynamics.
- Funding includes $40M in debt to facilitate new manufacturing expansions.
- Plans include expanding current facilities in Los Angeles and starting a new factory in Oklahoma next year.
- The need for specialized 3D printed parts stems from increasing weapons demand and supply chain strains.
Why it matters
- This investment aligns with the growing trend in defense technology and advanced manufacturing.
- The focus on U.S. domestic manufacturing capabilities is heightened due to global supply chain disruptions.
- In 2025, key IT trends will likely focus on advanced manufacturing and automation technologies within the defense sector.
The $290M raise demonstrates strong investor confidence in military tech innovation, positioning Divergent as a key player in meeting rising defense demands and enhancing U.S. manufacturing capabilities.