Castelion's $1 Billion Series C Funding
Castelion, a company based in Torrance, California, that specializes in designing and manufacturing advanced military systems to deter future conflicts, has raised $1 billion in a Series C funding round. This substantial investment was announced on August 19, 2026.
Leading Investors and Participants
The Series C round was co-led by JPMorganChase's Strategic Investment Group, Andreessen Horowitz, and Carlyle. Other notable participants included Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst, Interlagos, and T. Rowe Price Associates, Inc.
Plans for the Funding
The newly acquired funds are earmarked for accelerating the production of Castelion's Blackbeard missile, a hypersonic strike weapon designed for mass production at a lower cost. The company aims to expand its offerings to include longer-range strike weapons and defensive systems. The funding round comprises $800 million in equity financing and a $250 million revolving credit facility.
Executive Insights
Castelion's leadership team includes Bryon Hargis, Founder and CEO, Andrew Kreitz, CFA, Co-Founder and CFO, and Sean Pitt, Co-Founder and COO. While specific comments from the executives were not available at this time, the funding marks a significant milestone for the company in its mission to enhance America's military capabilities.
Production and Valuation
With this investment, Castelion is valued at $13 billion. The company has manufacturing operations spread across New Mexico, Texas, and California, with additional offices in Washington D.C.
For more information on Castelion and its developments, visit their website.