Chaos Valuation, Funding & Investors

Chaos is valued at $4.5B as of November 2025.

See full Chaos profile

Last Chaos valuation

$4.5B

Series D · Nov 2025

Last Chaos funding round

$510M

Series D · Nov 2025

Cumulative funding Chaos raised

$1B

across 4 funding rounds

Key investors in Chaos

  • 8VC
  • Accel
  • Valor Equity Partners
  • Silent Ventures
  • Overmatch Ventures
  • Lerner Enterprises

Chaos Overview

About Chaos

Chaos Industries is a defense technology provider centered on Coherent Distributed Networks architecture. The HYDRA platform delivers software-defined sensing, detection, communications, and effects across land, sea, and air domains. It integrates with legacy infrastructure for government and industrial clients in contested environments, supporting scalable operations from mobile units to fixed installations.


Founded

2022

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2G

Revenue model

Product sales

Valuation

$4.5B (Nov 2025)

Chaos Valuation

Chaos is currently valued at $4.5B, based on its Series D in November 2025.

The $510M round was led by Valor Equity Partners, with participation from 8VC and Accel.

Chaos' valuation has grown 2.3x from $2B at its Series C in April 2025 to $4.5B in November 2025, across 2 priced rounds.

Chaos valuation by funding round

Chaos valuation by funding round
DateStageValuation
Nov 2025Series D$4.5B
Apr 2025Series C$2B

Chaos Funding History

Chaos has raised a total of $1B across 4 funding rounds.

Chaos' first fundraising round was a $70M Series A in March 2023. The most recent completed round was a $510M Series D in November 2025.

Chaos funding rounds

Chaos funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2025Series DValor Equity Partners (lead); 8VC; Accel$510M$4.5BCHAOS Industries, a Los Angeles-based defense technology company founded in 2022, develops Coherent Distributed Networks (CDN) systems, including long-range radar and sensor technologies like Astria, to detect and counter aerial threats such as drones earlier than traditional systems, providing warfighters with advanced sensing, tracking up to 250km, and domain dominance capabilities. The company has secured contracts including a $1.9 million Air Force award for radar adaptation at Eglin Air Force Base, a $10 million House appropriation for military training, and deployments in Ukraine, alongside recent acquisition of Ziva Corp. for wireless time synchronization enhancing radar and battlefield effects. In mid-November 2025, specifically around November 13-15, CHAOS raised $510 million in a Series D growth round led by Valor Equity Partners, with participation from existing investors 8VC and Accel, achieving a $4.5 billion post-money valuation. This round follows a $275 million Series C just four months prior, bringing total funding to over $1 billion. The capital is earmarked for expanded product development, manufacturing scale-up, team growth, market expansion including the Middle East, and technology investments amid rising demand driven by drone proliferation in conflicts like Russia-Ukraine and domestic threats. Valor Equity Partners' CEO Antonio Gracias joined CHAOS' board, highlighting the firm's role in restoring decision time advantages against autonomous threats for U.S. and allied forces. CEO John Tenet emphasized validation of their vision and milestones like Air Force collaborations. With 400+ employees and offices in Washington D.C., San Francisco, Seattle, and London, CHAOS operates in a booming defense tech sector that saw over $20.63 billion in global VC funding in 2025, positioning it among unicorns like Epirus, founded by a co-founder of CHAOS.
Apr 2025Series CNew Enterprise Associates (lead); StepStone Group; 8VC; Overmatch Ventures; Valor Equity Partners; Accel; Tru Arrow Partners$275M$2B-
Nov 2024Series BAccel (lead); 8VC; Lerner Enterprises; Silent Ventures; Overmatch Ventures$145M-CHAOS Industries is a defense technology company founded in 2022, specializing in Coherent Distributed Networks (CDN™) systems for advanced radar, sensing, and detection of threats like drones, missiles, and autonomous systems, providing warfighters with earlier detection capabilities. The company develops products such as Vanquish and Astria radars for military intelligence, border protection, and critical infrastructure, with recent acquisition of Ziva Corporation to enhance wireless time synchronization. Headquartered in Los Angeles with offices in multiple U.S. cities and London, CHAOS targets defense, government, and commercial sectors. On approximately November 13, 2024, CHAOS Industries raised $145 million in a Series B funding round led by Accel, with participation from 8VC, Overmatch Ventures, Lerner Enterprises, and existing investors, bringing total funding to $215 million since inception. Proceeds were allocated to accelerate development of sensor, detection, and communications technologies, product innovation, hiring, and high-volume manufacturing. Subsequent rounds included a $275 million Series C in May 2025 and a $510 million raise led by Valor Equity Partners in mid-November 2025 (four months after Series C), achieving a $4.5 billion valuation and total funding over $1 billion, with participation from prior investors like 8VC and Accel. The company secured federal contracts, including a $10 million appropriation and $1.9 million Air Force award for radar development at Eglin Air Force Base. CHAOS operates in the growing counter-unmanned aerial systems (counter-UAS) market, emphasizing distributed networks for domain dominance against evolving threats. The funding trajectory reflects strong investor confidence from top VCs in its technology for next-generation defense amid geopolitical tensions.
Mar 2023Series A8VC (lead); Karatage; Pari Passu Venture Partners; Liquid 2 Ventures; Lerner Enterprises; Silent Ventures; Alpha Wave Global; Valar Ventures; Tamarack Global$70M-CHAOS Industries is a Los Angeles-based defense technology company founded in 2022, specializing in advanced detection, monitoring, communication solutions, and Coherent Distributed Networks (CDN™) systems for warfighters against autonomous threats. Products include COHERENCE, a sensor, detection, and radar solution with defense and commercial applications, and Vanquish radar for early warning against unmanned aerial systems, missiles, and aircraft. The company has agreements with governments and commercial customers to validate market fit. In March 2023, CHAOS Industries closed a $70 million Series A round led by 8VC, with participation from Alpha Wave Global, Lerner Enterprises, Liquid 2 Ventures, Pari Passu Venture Partners (implied via matching investors), Silent Ventures (implied), Tamarack Global, and Valar Ventures. This was the company's first institutional funding round, aimed at addressing U.S. vulnerabilities in AI, machine learning, and advanced manufacturing for national security. Subsequent rounds included a $145 million Series B in late 2024 led by Accel with 8VC and others, a $275 million Series C in May 2025 led by New Enterprise Associates and Accel reaching $2 billion valuation and $490 million total funding, and a $510 million round in November 2025 led by Valor Equity Partners with 8VC and Accel at $4.5 billion valuation, bringing total funding over $1 billion. CHAOS has milestones like work with Eglin Air Force Base and strategic partnerships, positioning it in the heating defense tech sector alongside firms like Anduril and Parry Labs. Investors include StepStone Group, Overmatch Ventures, Tru Arrow Partners, and Ensemble at Series B, with leadership from co-founder and CEO John Tenet and Executive Chairman George Tenet.

Who has invested in Chaos?

15 investors have backed Chaos across its funding rounds, including 8VC, Accel, Valor Equity Partners, Silent Ventures, Overmatch Ventures and Lerner Enterprises.

Lead investors include Valor Equity Partners, New Enterprise Associates, Accel and 8VC.


Chaos Investors

Investors in Chaos by funding rounds participated
InvestorHQRoundsRoleFirst check
8VCUnited StatesSan Francisco, CA4LeadMar 2023
AccelUnited StatesPalo Alto, CA3LeadNov 2024
Lerner EnterprisesUnited StatesWashington, DC2ParticipantMar 2023
Silent VenturesUnited StatesDallas, TX2ParticipantMar 2023
Overmatch VenturesUnited StatesAustin, TX2ParticipantNov 2024
Valor Equity PartnersUnited StatesChicago, IL2LeadApr 2025
KaratageUnited KingdomLondon1ParticipantMar 2023
Pari Passu Venture PartnersUnited StatesNew York City, NY1ParticipantMar 2023
StepStone GroupUnited StatesNew York City, NY1ParticipantApr 2025
Liquid 2 VenturesUnited StatesSan Francisco, CA1ParticipantMar 2023
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadApr 2025
Alpha Wave GlobalUnited StatesMiami, FL1ParticipantMar 2023
Tru Arrow PartnersUnited StatesNew York City, NY1ParticipantApr 2025

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Acquisitions by Chaos

Chaos has acquired 2 companies to date.

Last acquisition by Chaos was on July 28th 2026. Chaos acquired Atropos Group for undisclosed valuation.


Latest Acquisitions by Chaos

Atropos Group
Ziva Corporation
Description
Atropos Group is a technology company. It delivers integrated design, production, testing, and operational support for aerospace and defense applications.
Ziva Corporation is a Delaware-incorporated developer of wireless communication technologies specializing in distributed coherence beamforming and precision time synchronization for defense applications. The firm advances Collaborative Beamfocusing Radios (COBRA) demonstrated to TRL 6 in multipath, UAS, and aircraft environments. Ziva Corporation prototypes RF systems for ad-hoc networks aligning signals to remote nodes. Established in 2002, it targets US military contracts with ground and airborne validations.
HQ CountryUnited StatesUnited States
HQ City
Washington, VA
San Diego, CA
Deal Date28 Jul 202613 Nov 2025
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Chaos Competitors

Chaos competitors include listed companies like CSSC Offshore & Marine, Bharat Dynamics, Karman Space & Defense and Avic (Chengdu) Uas, and private ones like STARK and Mach Industries.

Public and private companies comparable to Chaos
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CSSC Offshore & MarineChinaChinaPublicly listed$3.1B$212M$4.6B1.1x
Bharat DynamicsIndiaIndiaPublicly listed$252M$35M$4.4B11.4x
Karman Space & DefenseUnited StatesUnited StatesPublicly listed$472M$120M$4.7B8.3x
Avic (Chengdu) UasChinaChinaPublicly listed$450M$19M$4.3B-
STARKGermanyBerlinPrivate-$428M$4.1B-
Mach IndustriesUnited StatesLos Angeles, CAPrivate--$3.7B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CSSC Offshore & Marine$3.1B$212M1.0x1.1x15.1x-
Bharat Dynamics$252M$35M15.5x11.4x112.2x82.6x
Karman Space & Defense$472M$120M11.7x8.3x45.9x27.8x
Avic (Chengdu) Uas$450M$19M8.6x-202.0x-
Amentum$14B$987M0.6x0.6x8.5x7.5x
Guizhou Space Appliance$868M$79M5.7x5.3x62.7x64.3x
Fincantieri$10B$626M0.6x0.6x10.4x7.9x
Mercury Systems$984M$66M5.5x5.4x83.0x34.0x

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Common questions about Chaos

When was Chaos founded?Chaos was founded in 2022.
Where is Chaos headquartered?Chaos is headquartered in Los Angeles, CA, United States.
Is Chaos publicly listed?No, Chaos is a private, VC-backed company.
What is Chaos' valuation?Chaos was last valued at $4.5B in its Series D in November 2025.
How much funding has Chaos raised?Chaos has raised $1B across 4 funding rounds.
What was Chaos' last funding round?Chaos' last funding round was a $510M Series D in November 2025, led by Valor Equity Partners.
Who are Chaos' investors?Chaos' investors include 8VC, Accel, Lerner Enterprises, Silent Ventures, Overmatch Ventures, Valor Equity Partners, Karatage, Pari Passu Venture Partners, StepStone Group, Liquid 2 Ventures and 5 others.
Which companies are comparable to Chaos?Companies comparable to Chaos include CSSC Offshore & Marine, Bharat Dynamics, Karman Space & Defense, Avic (Chengdu) Uas, STARK and Mach Industries.
How many companies has Chaos acquired?Chaos has acquired 2 companies, including Atropos Group and Ziva Corporation.

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