Allen Control Systems Valuation, Funding & Investors

Allen Control Systems is valued at $2.2B as of June 2026.

Last Allen Control Systems valuation

$2.2B

Series B · Jun 2026

Last Allen Control Systems funding round

$200M

Series B · Jun 2026

Cumulative funding Allen Control Systems raised

$242M

across 3 funding rounds

Key investors in Allen Control Systems

  • Craft Ventures
  • Rally Ventures
  • Forum Ventures
  • Inspired Capital Partners
  • Jackson Moses
  • Smash Capital

Allen Control Systems Overview

About Allen Control Systems

Allen Control Systems is an Austin, Texas-based defense technology company that builds autonomous precision weapon systems for counter-drone defense. Its flagship product, Bullfrog, is an AI-powered robotic weapon station that uses computer vision and proprietary control systems to integrate with legacy and modern weapons, including the M240 and M2, for precision targeting against unmanned aerial threats. Founded by former U.S. Navy engineers, the company sells to the U.S. Department of Defense and allied militaries.


Founded

2022

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2G

Revenue model

Product sales

Valuation

$2.2B (Jun 2026)

Allen Control Systems Valuation

Allen Control Systems is currently valued at $2.2B, based on its Series B in June 2026.

The $200M round was led by Smash Capital, with participation from Forum Ventures, Litquidity Ventures, Inspired Capital, Rally Ventures and Craft Ventures.

Allen Control Systems valuation by funding round

Allen Control Systems valuation by funding round
DateStageValuation
Jun 2026Series B$2.2B

Allen Control Systems Funding History

Allen Control Systems has raised a total of $242M across 3 funding rounds.

Allen Control Systems' first fundraising round was a $12M seed round in April 2024. The most recent completed round was a $200M Series B in June 2026.

Allen Control Systems funding rounds

Allen Control Systems funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series BSmash Capital (lead); Forum Ventures; Litquidity Ventures; Inspired Capital; Rally Ventures; Craft Ventures$200M$2.2BAllen Control Systems (ACS) raised $200 million in a Series B led by Smash Capital, with participation from existing investors including Craft Ventures, Rally Ventures, and Inspired Capital, at a $2.2 billion post-money valuation. The company said the capital will be used to scale manufacturing and accelerate deployment of its Bullfrog autonomous weapon station for the United States and allied militaries, while also advancing new product lines. The round reflects strong demand for ACS’s counter-drone and autonomous precision robotics systems, and follows a prior financing that valued the company at $170 million, indicating a substantial step-up in valuation. ACS is an Austin-based autonomous weapons and robotics company focused on the Bullfrog system for military and allied defense use. Public reporting indicates the company has won more than $120 million in contracts with U.S. and foreign customers, and the financing is intended to expand production capacity to meet demand. Employee count, revenue, EBITDA, and deal structure details beyond the lead investor and participating backers were not disclosed.
Mar 2025Series ACraft Ventures (lead); State of Wisconsin Investment Board; Rally Ventures; Jackson Moses; Inspired Capital Partners$30M-Allen Control Systems (ACS), based in Austin, Texas, develops autonomous precision robotics for defense, focusing on counter-drone technology. Its flagship product, Bullfrog, is an AI-powered robotic weapon station that integrates with legacy or modern weapons to provide precision targeting against unmanned aerial threats using computer vision and proprietary control systems. Founded by former U.S. Navy engineers including Steven Simoni, Luke Allen, and Mike Wior, ACS aims to enhance battlefield security for U.S. forces and allies by countering rapidly proliferating drone threats. On March 26/27, 2025, ACS raised $30 million in a Series A funding round led by Craft Ventures, with participation from existing investors Inspired Capital Partners, Rally Ventures, and the State of Wisconsin Investment Board (which invested $6 million). This followed a $12 million seed round in April 2024, also led by Craft Ventures with Rally Ventures and Forum Ventures. The Series A proceeds will accelerate engineering growth, expand the team from 40 engineers, and support deployment of Bullfrog systems to Department of Defense, international allies, and commercial sectors facing unmanned threats. ACS is forecasting $50 million in revenue for 2025 from two initial U.S. government contracts and international sales, positioning it for rapid scaling in the counter-unmanned aerial systems (C-UAS) market. The company plans a Series B round of $100 million as it develops new Bullfrog iterations compatible with M240 and M134 machine guns. ACS emphasizes venture capital to validate its novel weapon technology before broader government adoption, distinguishing it in the growing defense tech sector.
Apr 2024SeedCraft Ventures (lead); Forum Ventures; Rally Ventures$12M-Allen Control Systems (ACS) is an Austin, Texas-based defense technology company developing autonomous precision weapon systems, particularly the Bullfrog robotic weapon station. Bullfrog uses AI, computer vision, and proprietary control systems to enhance legacy and modern weapons for counter-drone defense, ensuring accuracy and impact against proliferating drone threats. ACS equips U.S. and allied forces with cost-effective, stealthy solutions that transform conventional guns like M240 and M2 into precision systems without radar emissions. On April 18, 2024, ACS raised $12 million in seed funding led by Craft Ventures, with participation from Forum Ventures and Rally Ventures. The capital supports expanding operations, development efforts, and engineering growth for Bullfrog deployment. Founders Steven Simoni, Luke Allen, and Mike Wior bring expertise from U.S. Navy nuclear engineering, robotics, and prior exits with Bbot (acquired by DoorDash) and Omnivore (acquired by Olo). ACS demonstrates strong traction with combat readiness shown at events like Project Convergence Capstone 5 and upcoming JCO Counter-UxS. In 2025, the company forecasts $50 million in revenue from initial U.S. government contracts and international sales, while tripling Austin operations to 57,000 square feet for production scaling. A follow-on $30 million Series A in March 2025, again led by Craft Ventures with Rally Ventures and others, accelerates engineering and counter-drone advancements.

Who has invested in Allen Control Systems?

9 investors have backed Allen Control Systems across its funding rounds, including Craft Ventures, Rally Ventures, Forum Ventures, Inspired Capital Partners, Jackson Moses and Smash Capital.

Lead investors include Smash Capital and Craft Ventures.


Allen Control Systems Investors

Investors in Allen Control Systems by funding rounds participated
InvestorHQRoundsRoleFirst check
Rally VenturesUnited StatesSan Francisco, CA3ParticipantApr 2024
Craft VenturesUnited StatesSan Francisco, CA3LeadApr 2024
Forum VenturesUnited StatesNew York City, NY2ParticipantApr 2024
Smash CapitalUnited StatesLos Angeles, CA1LeadJun 2026
State of Wisconsin Investment BoardUnited StatesMadison, WI1ParticipantMar 2025
Litquidity VenturesUnited StatesUnited States1ParticipantJun 2026
Inspired CapitalUnited StatesUnited States1ParticipantJun 2026

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Allen Control Systems Competitors

Allen Control Systems competitors include listed companies like Xtend AI Robotics and UBtech Robotics, and private ones like Neros Technologies, Roark Aerospace, Mach Industries and Yitu Technology.

Public and private companies comparable to Allen Control Systems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Neros TechnologiesUnited StatesLos Angeles, CAPrivate--$2.5B-
Roark AerospaceUnited KingdomLondonPrivate--$1.8B-
Mach IndustriesUnited StatesLos Angeles, CAPrivate--$3.7B-
Yitu TechnologyChinaShanghaiPrivate--$2B-
Xtend AI RoboticsUnited StatesUnited StatesPublicly listed$20M($27M)$1.2B-
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x

Allen Control Systems Public Comps

Allen Control Systems is still privately-owned, but its public comps include Applied Aerospace & Defense, Voyager Technologies, V2X, Exail Technologies, Chemring Group, Aerospace Industrial Development, Ducommun, Data Patterns (India), Intsig Information and SoundHound.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Applied Aerospace & Defense$604M$96M4.3x-27.0x-
Voyager Technologies$166M($90M)14.4x9.5x(26.8x)(17.3x)
V2X$4.5B$293M0.7x0.7x11.1x9.3x
Exail Technologies$551M$74M5.3x4.6x39.7x20.9x
Chemring Group$668M$127M3.2x2.9x16.8x14.9x
Aerospace Industrial Development$1.1B$95M2.1x2.0x24.7x20.1x
Ducommun$825M($913K)3.4x3.2x(3077.8x)18.9x
Data Patterns (India)$96M$39M26.2x23.2x64.3x58.2x

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Common questions about Allen Control Systems

When was Allen Control Systems founded?Allen Control Systems was founded in 2022.
Where is Allen Control Systems headquartered?Allen Control Systems is headquartered in United States.
Is Allen Control Systems publicly listed?No, Allen Control Systems is a private, VC-backed company.
What is Allen Control Systems' valuation?Allen Control Systems was last valued at $2.2B in its Series B in June 2026.
How much funding has Allen Control Systems raised?Allen Control Systems has raised $242M across 3 funding rounds.
What was Allen Control Systems' last funding round?Allen Control Systems' last funding round was a $200M Series B in June 2026, led by Smash Capital.
Who are Allen Control Systems' investors?Allen Control Systems' investors include Rally Ventures, Craft Ventures, Forum Ventures, Smash Capital, State of Wisconsin Investment Board, Litquidity Ventures, Inspired Capital, Jackson Moses and Inspired Capital Partners.
Which companies are comparable to Allen Control Systems?Companies comparable to Allen Control Systems include Neros Technologies, Roark Aerospace, Mach Industries, Yitu Technology, Xtend AI Robotics and UBtech Robotics.

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