Singularity emerged from stealth with an oversubscribed $80 million Series A financing at a $400 million valuation. The company is focused on deploying low-cost air defense systems at scale for the U.S. and its allies. The round was led by Khosla Ventures and Felicis. Seed investors AE Ventures and NEA also participated, along with Long Journey, Harpoon, Menlo Ventures, Y Combinator, Decisive Point, New Vista, Sunflower, and Soma.
Singularity was co-founded by CEO Jack Oswald and COO Shail Giroux. The company has built a team drawn from SpaceX, Tesla, Anduril, and Lockheed Martin, alongside operators with decades of experience deploying and selling air defense systems.
The company is focused on a growing defense challenge: low-cost drones and munitions that are inexpensive to produce, easy to scale, and difficult to defend against economically when interception costs exceed the cost of the threat. Singularity said these threats have caused major casualties in Ukraine and disrupted critical global infrastructure.
Singularity is developing air defense systems designed to be produced quickly, affordably, and at high volume. The company said changing the current cost and scale dynamic requires rapid engineering iteration, continuous design improvement, and frequent testing.
The company’s team conducts multiple flight tests per month. Singularity develops its hardware and software in-house from a clean-sheet approach, allowing the company to shorten the loop between design, testing, and deployment.
Singularity’s manufacturing team includes talent from Tesla and Toyota. The team is building an assembly line based on automotive manufacturing principles to increase production volume beyond comparable U.S. systems.
The company said the traditional defense approach of integrating components from dozens of suppliers is not well suited for urgent scale. Singularity plans to support higher-volume production by building all subsystems in-house and sourcing commercial components where appropriate.
Singularity is backed by several leaders from industry, the military, and Congress. Its supporters include former U.S. Army Chief of Staff General James McConville, former Commander of United States Space Command General Jim Dickinson, and former Deputy Minister of Defense of Ukraine Major General Volodymyr Havrylov.
The company’s broader team also includes air defenders, infantrymen, sailors, aviators, and marines. Singularity said that firsthand operational experience helps shape the urgency behind its mission and product development.
With the Series A funding, Singularity plans to accelerate development, testing, manufacturing, and deployment of air defense capabilities. The company said it measures its success by lives saved.
KEY QUOTES:
“The scale of avoidable casualties from low-cost munitions in recent years is gut-wrenching. The U.S. has had the technology to defeat these threats for decades, but as adversaries stockpile millions and put them to use, we’ve reached a true crisis for interceptor inventory and production volume. After meeting operators in Ukraine gravely injured by these threats, there was no other problem we could justify working on. The only measure of Singularity’s success will be lives saved.”
Jack Oswald, Co-Founder and CEO of Singularity
“Singularity’s mission is urgent and demands exceptional founders. Jack and Shail are deeply mission-driven leaders with the caliber, focus, and ambition to meet the moment. This funding gives them the resources to do so at speed.”
James Detweiler, General Partner at Felicis
“The character of warfare is changing rapidly as low-cost drones proliferate across the battlefield. The challenge is no longer simply building effective air defense systems, but delivering them at the scale, speed, and cost required to keep pace with the threat. Singularity has demonstrated that it can meet this challenge.”
General James McConville, 40th Chief of Staff of the U.S. Army and Operating Partner at AE Industrial Partners
“After 20 years backing top hard tech companies, I’ve learned that progress is best correlated with how fast a team closes the loop between design and test. Singularity gets this and has demonstrated the most aggressive test cadence in the industry.”
Sven Strohband, Managing Director and CTO at Khosla Ventures
“Singularity is proof that hard and impactful missions are a moat. When success is measured in lives saved, the best people in the world show up, and Jack and Shail have converted that into a capital efficiency and build velocity few companies of any size can match, having already achieved milestones that no venture backed company ever has.”
Mustafa Neemuchwala, Partner at NEA
