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- Chaos
Chaos Valuation, Funding & Investors
Chaos is valued at $4.5B as of November 2025.
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
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
Website
Status
Privately held
Customer focus
B2G
Revenue model
Product sales
Valuation
$4.5B (Nov 2025)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Series D | $4.5B |
| Apr 2025 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series D | Valor Equity Partners (lead); 8VC; Accel | $510M | $4.5B | CHAOS 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 2025 | Series C | New Enterprise Associates (lead); StepStone Group; 8VC; Overmatch Ventures; Valor Equity Partners; Accel; Tru Arrow Partners | $275M | $2B | - |
| Nov 2024 | Series B | Accel (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 2023 | Series A | 8VC (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2023 | ||
| 3 | Lead | Nov 2024 | ||
| 2 | Participant | Mar 2023 | ||
| 2 | Participant | Mar 2023 | ||
| 2 | Participant | Nov 2024 | ||
| 2 | Lead | Apr 2025 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Lead | Apr 2025 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Apr 2025 | ||
This data is available for Pro users. Sign up to see all 15 Chaos investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Washington, VA | San Diego, CA |
| Deal Date | 28 Jul 2026 | 13 Nov 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Chaos acquisitions and their M&A valuation multiples. Start Free Trial | ||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.1B | $212M | $4.6B | 1.1x | ||
| Publicly listed | $252M | $35M | $4.4B | 11.4x | ||
| Publicly listed | $472M | $120M | $4.7B | 8.3x | ||
| Publicly listed | $450M | $19M | $4.3B | - | ||
| Private | - | $428M | $4.1B | - | ||
| Private | - | - | $3.7B | - |
Chaos Public Comps
Chaos is still privately-owned, but its public comps include CSSC Offshore & Marine, Bharat Dynamics, Karman Space & Defense, Avic (Chengdu) Uas, Amentum, Guizhou Space Appliance, Fincantieri, Mercury Systems, AECC Aero-Engine Controls and Jiangxi Hongdu Aviation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.1B | $212M | 1.0x | 1.1x | 15.1x | - | |||
| $252M | $35M | 15.5x | 11.4x | 112.2x | 82.6x | |||
| $472M | $120M | 11.7x | 8.3x | 45.9x | 27.8x | |||
| $450M | $19M | 8.6x | - | 202.0x | - | |||
| $14B | $987M | 0.6x | 0.6x | 8.5x | 7.5x | |||
| $868M | $79M | 5.7x | 5.3x | 62.7x | 64.3x | |||
| $10B | $626M | 0.6x | 0.6x | 10.4x | 7.9x | |||
| $984M | $66M | 5.5x | 5.4x | 83.0x | 34.0x | |||
This data is available for Pro users. Sign up to see all Chaos competitors and their valuation data. Start Free Trial | ||||||||
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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