Castelion raises $1B Series C, valued at $13B to scale hypersonic missile output

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Defense startup Castelion has closed a $1 billion Series C funding round, pushing its valuation to $13 billion. The round was co-led by prominent investors Andreessen Horowitz, Carlyle, and JP Morgan Chase. The capital is intended to support the mass production of hypersonic missiles. Castelion's latest raise signals growing institutional interest in private defense technology ventures.

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