True Anomaly Valuation, Funding & Investors

Droneshield Ltd develops and sells hardware and software for drone detection and security. The principal activity of the company is the development, commercialization, and sales of hardware and software technology for drone detection and security. It has four products: Dismounted, which include RfPatrol Mk2, DroneGun Mk4, Immediate Response Kit (IRK), DroneGun Tactical; On-The-Move includes DroneSentry-X Mk2, Expeditionary Fixed Site (EFS) Kit; Fixed Site includes DroneSentry; and Software includes DroneSentry-C2, Tactical DroneSentry-C2, and DroneOptID. The company provides its solutions to the intelligence community, Government, law enforcement, critical infrastructure, and airports globally. Its geographical segments are the United States and Australia.

Mach Industries is a Huntington Beach-based manufacturer of defense systems including unmanned aerial vehicles, missiles, and propulsion components. The Forge platform supports decentralized production of drone parts such as sensors, engines, and communications across flexible factories. It produces the Viper vertical-takeoff cruise missile with 290 km range, 10 kg warhead, and AI navigation for GPS-denied operations. In 2024, Mach secured a US Army contract for the Strategic Strike missile, completing design and tests by January 2025, and partners with Heven Drones on hydrogen-powered UAVs.

Avic (Chengdu) Uas Co Ltd is engaged in the design, production, repair, sales, leasing, after-sales service and technology development, technology transfer, technical consultation, and technical services of UAV systems, aerospace vehicles and their supporting products.

ABL Space Systems is an El Segundo-headquartered launch provider developing the RS1 rocket for small satellite deployments to low Earth orbit with 1,350 kg payload capacity. The GS0 ground system enables launches from sites like Alaska's Pacific Spaceport. Backed by investors including Lockheed Martin Ventures, ABL conducted hotfire tests in 2023. Founded in 2017, the company employs 200 at its 30,000 sq ft facility.

Data Patterns (India) Ltd is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company caters to the entire spectrum of defense and aerospace platforms, offering products like cockpit and rugged displays, naval systems, space systems, radar and radar systems, electronic warfare, and avionic systems, among others. It operates only in one business segment, i.e., the manufacture, sale, and service of defense electronics. Geographically, a majority of its revenue is generated from its operations in India, and it also has some exposure to other markets.

JetZero is a Los Angeles-based aerospace startup founded in 2021 developing blended wing body aircraft. The design achieves 50% greater fuel efficiency on routes like Los Angeles to London, reducing emissions and increasing passenger comfort with wider cabins. JetZero's Z5 model targets commercial service by 2030, backed by US Air Force contracts and partnerships with Northrop Grumman. The company leverages decades of research into aerodynamic shapes pioneered by co-founder Mark Page.

Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.

QinetiQ Group PLC is a company operating in the aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).

Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear.

TEKEVER is a Lisbon-headquartered unmanned aerial systems manufacturer providing surveillance-as-a-service for maritime and border security. Its product lines feature AR3 for long-endurance VTOL missions, AR4 for tactical ISR, and AR5 with maritime radar payloads for BVLOS operations. Deployed by NATO members and African navies, TEKEVER delivers real-time intelligence via satellite links.

Shaanxi Zhongtian Rocket Technology Co Ltd is engaged in the research and development, production and sales of small solid rockets and their extended products. The company manufactures rain-enhancing and anti-hail rockets, sounding rockets, small guided rockets, among others.

Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.

Red Cat Holdings Inc is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Red Cat’s suite of solutions includes the Arachnid family of ISR and precision strike drones, which includes the Black Widow, a small unmanned ISR system; and WEB (Warfighter Electronic Bridge) GCS, designed to command and control an entire drone family of systems for military operations. Its other offerings include Edge 130 Blue drone systems, Trichon, a fixed-wing VTOL for extended endurance and range, and FANG FPV drones optimized for military operations with precision strike capabilities.

Forterra is a St. Louis-headquartered defense technology firm building autonomy software for unmanned ground vehicles and robotic swarms. Launched in 2021, it supplies TerraMax platforms to U.S. Army programs, enabling leader-follower convoys and multi-domain operations. Forterra's stack integrates with ROS and integrates LiDAR, radar for off-road navigation in contested environments.

Hermeus is an Atlanta-headquartered aerospace company developing hypersonic aircraft reaching Mach 5 speeds to transform global travel. Its Quarterhorse demonstrator targets New York to London flights in 90 minutes, using turbine-based combined cycle engines compatible with existing runways and air traffic systems. Founded in 2019, the firm advances prototypes for military and commercial applications.

Sierra Space is a Louisville, Colorado-headquartered commercial space company developing Dream Chaser spaceplane for cargo resupply missions to the International Space Station under NASA contracts. The firm advances inflatable habitats like LIFE modules for orbital stations and produces propulsion systems, solar arrays, and life support technologies. With roots in Sierra Nevada Corporation's 500-plus missions since 1963, Sierra Space partners with NASA, Blue Origin, and Lockheed Martin on Orbital Reef commercial station. Its facilities in Colorado and Alabama support rapid production for satellite constellations.

Anduril Industries is a Costa Mesa-based defense technology company developing autonomous systems for national security. Founded in 2017, it produces AI-powered products including Lattice command software, Sentry surveillance towers, Ghost drones, and Roadrunner munitions. The company supplies U.S. Department of Defense branches, Customs and Border Protection, and allies like the UK Ministry of Defence and Australian Border Force.

Applied Aerospace & Defense Inc specializes in providing engineering and vertically integrated manufacturing solutions for space and defense technology companies. The company builds complex hardware for extreme operating environments, combining deep material science and IP-enabled process expertise with the ability to enable rapid prototyping, enhance new product development, and responsively scale production. The majority of the company's revenue is derived from the sales of Defense Aviation and Airborne Systems, followed by Space and Launch Systems, C5ISR and Precision Strike Systems.