Terra Industries has successfully secured additional funding of $18 million in a seed round. This new capital brings the total seed funding for the Nigerian defense technology startup to $52 million.
Terra Industries has successfully secured additional funding of $18 million in a seed round. This new capital brings the total seed funding for the Nigerian defense technology startup to $52 million.
The round was invested in by both returning investors such as 8VC, Silent Ventures, Nova Global, Belief Capital, and SV Angel, and new participants including Norleo Space Investments and angel investor Grant Gordon. The funds will be allocated to increasing production capacity, accelerating system deployment, and hiring personnel in engineering, operations, and business development.
Terra Industries was founded in 2024 by Nathan Nwachuku and Maxwell Maduka. The company transitioned from stealth development in January 2026 after raising an $11.75 million round led by 8VC. The new capital will provide the company with additional resources to strengthen its manufacturing base in Africa.
Terra's expansion reflects the growing interest in locally developed defense technologies in emerging markets. By combining manufacturing with proprietary software, the company aims to create systems that meet the operational needs of regional clients.
A significant portion of Terra's expansion plans will be focused in Ghana. The company is preparing to open a 34,000 square foot Pax-2 production facility in Accra. This new facility is more than twice the size of the existing plant in Abuja.
The Ghanaian facility is expected to become operational in the fourth quarter of 2026. The company aims to achieve an annual production capacity of 50,000 systems by 2028. This expansion is intended to meet the growing demand for autonomous and anti-drone systems.
Despite international expansion, production will remain concentrated in Africa. The company is targeting markets in the Persian Gulf, South America, and South Asia, and also plans further international operations to support partnerships and government engagement.
The operation in Ghana will also create opportunities for local specialists in engineering and manufacturing. Terra expects this facility to strengthen its ability to serve African clients while supporting future international deployments.
The company develops autonomous systems for protecting critical infrastructure in challenging environments. Its product portfolio includes drones, interceptors, surveillance towers, and ground unmanned vehicles. The Archer drone is designed for long-range operations, demonstrating a range of up to 1,000 kilometers and a flight time of up to 13 hours. The Kama interceptor is capable of reaching speeds of up to 300 kilometers per hour.
Terra also creates Kallon—a solar surveillance tower equipped with sensors and edge processing. Iroko is a smaller quadcopter designed for reconnaissance and surveillance tasks. All these systems operate through ArtemisOS, Terra's proprietary software platform. ArtemisOS coordinates threat detection, mission planning, and autonomous responses, linking systems operating on land, air, and sea, providing a unified approach to infrastructure protection.
Terra is opening its first international office in London. The new location will provide access to defense institutions, technical talent, and international partnerships. Furthermore, the company plans operations in San Francisco and Washington, D.C.
This growth occurs against the backdrop of increased defense spending in African markets. Governments are facing growing security threats related to terrorism, organized crime, and infrastructure risks. Terra believes that locally developed systems can more effectively address these issues. Its systems currently protect critical assets in several African countries, with the company's strategy focusing on maintaining production and data control in serviced regions, giving it a potential advantage in markets striving for greater technological sovereignty.
CodeRabbit has successfully raised $143 million in a Series C funding round, valuing the company at $1.5 billion. Atomico and Smash Capital participated as co-leads in this round. New investors include BMW i Ventures, Datadog, Hirtle Callaghan, and SineWave Ventures. Existing investors, such as CRV, Scale Venture Partners, and Flex Capital, also supported the deal.
This funding was secured less than a year after CodeRabbit raised $60 million. The company reports that its revenue has increased more than fivefold compared to the previous year. Currently, CodeRabbit performs over two million code checks weekly for 17,000 clients, including companies like Adyen, BMW, Indeed, JFrog, NVIDIA, and Trivago.
The capital raised will be used to accelerate the company's international expansion and increase research and product development expenses. CodeRabbit plans to invest over $10 million to support open-source projects, which will allow it to maintain free access to AI review and agent features for accompanying projects.
AI coding tools enable engineering teams to create software at unprecedented speeds, as developers can generate code, create pull requests, and troubleshoot much faster. Nevertheless, every change introduced still requires testing, verification, and proper management before going into operation.
CodeRabbit asserts that this shift is transforming software development management practices in organizations. Traditional task trackers were designed to work with planned work and developer-driven execution. However, AI-based development allows code to appear before teams achieve full consensus.
This makes the pull request an increasingly critical control point. CodeRabbit CEO, Hardjot Gill, noted: 'Writing code has become dramatically easier. Verifying its quality remains complex.' He emphasized that changes created by AI still require independent verification before being released into the production environment.
CodeRabbit's goal is to provide this level of control for software created by both humans and agents. The platform analyzes changes using repository context, organizational standards, and testing evidence. The system also indicates the scope of impact and architectural dependencies that require further attention.
Along with the latest funding announcement, CodeRabbit introduced Agentic Change Management. This system expands AI review capabilities, including prioritization, explanation, and continuous code security monitoring.
Its purpose is to help engineering teams understand exactly which changes require attention. The CodeRabbit Triage tool ranks incoming pull requests based on value, urgency, and risk. It also considers reviewer dependencies, readiness, and suitability before routing the task. Lower-risk changes can pass through automated workflows, while complex changes are directed to human reviewers. CodeRabbit Change Stack provides deeper explanations of software changes and their potential impact by analyzing contracts, domain behavior, integrations, tests, and migrations between repositories.
CodeRabbit is also expanding its presence in security with an AI-powered product. This system continuously scans production code for vulnerabilities and emerging risks. It verifies detected issues against code evidence before recommending a fix via pull requests. This approach targets vulnerabilities that traditional rule-based tools might miss, including authorization bypasses, insecure object references, and business logic errors. The company believes that continuous monitoring will become increasingly significant as AI generates more software.
The latest funding will also support CodeRabbit's international expansion strategy. The company recently opened an office in London to serve corporate clients in Europe and plans further expansion in Europe, Japan, and other Asian markets. Luca Eisensteken, a partner at Atomico, will join the CodeRabbit board of directors. He stated that the infrastructure for independent governance will become increasingly important for AI-generated software. CodeRabbit believes that its model-agnostic approach will help organizations maintain software quality as AI adoption accelerates.
According to a new report by the venture firm Speciale Invest and the startup association Startup Policy Forum, Indian semiconductor startups have attracted approximately $206 million across 51 funding rounds since the beginning of 2022.
The report, titled 'Indian Semiconductor Startup Landscape 2026,' indicates that in the first half of 2026 alone, startups attracted $61.9 million, which accounts for 81 percent of the $76.6 million raised throughout 2025.
Despite a sharp increase in the volume of invested capital, the number of funding rounds has decreased: from 16 in 2024 to 13 in 2025, and to seven in the first half of 2026. This suggests that investors are concentrating funds in companies that have progressed further in product development and commercialization, rather than spreading bets among a wider range of early-stage startups.
The report revealed a growing correlation between government semiconductor support programs and private venture funding. Of the 24 chip design projects supported by the Design-Linked Incentive (DLI) program, 14 subsequently attracted institutional venture capital, raising a combined $100.8 million in the first and second rounds.
Six of these companies have already closed subsequent rounds totaling $53.6 million. Four companies, including C2i Semiconductors, NetraSemi, Morphing Machines, and Mindgrove Technologies, accounted for approximately 56 percent of all private capital attracted by DLI-supported companies.
Another sign of sector maturity is the pace at which some semiconductor companies secure follow-on rounds. Many startups have moved from seed investment to Series A within a period of seven to twenty-two months. Seven recent Series A rounds noted in the report amounted to $73.7 million, which is roughly one-third of all capital attracted by Indian semiconductor startups since 2022.
Strategic investors are also playing a more significant role. Companies such as Zoho and TDK Ventures have acted as anchors for funding rounds, and global semiconductor corporations are increasingly moving beyond operating their own R&D centers in India to take stakes in Indian startups. The report notes that strategic capital brings more than just money, including access to fabs, tool credits, reference customers, and design partnerships.
The report also points to the expansion of the base of Indian startups in this industry. The first wave of companies was primarily focused on digital, RISC-V, and peripheral SoCs. New companies are emerging in areas such as photonics, power and volumetric semiconductors, fab tooling and metrology, AI data center silicon, AI-driven semiconductor design workflows, and analog AI inference.
The mobile fintech company Moove has raised $250 million in a Series C round to scale its robotaxi operations. The round was led by Tiger Global, and as a result, the company's valuation reached $2.1 billion. Existing investors who supported this opportunity include Uber, Mubadala, BlackRock, and Prosus Ventures.
The capital raised will be used to expand autonomous vehicle operations, strengthen artificial intelligence (AI) capabilities, and enter new global markets.
Moove was founded in Lagos in 2020 with one core idea: millions of taxi drivers could not obtain auto loans because banks required credit ratings that the drivers lacked. The company changed this model by using income data instead of credit histories. If a driver earned money on platforms like Uber or Bolt, Moove financed the purchase of a car and took payments from its rides, which proved successful.
Initially, the company rapidly expanded across Africa before moving into the markets of Europe, the Middle East, India, and the US. However, lending was only the first stage of Moove's development. Today, the company does more than just finance cars; it also acquires the vehicles, organizes maintenance, insurance, and daily operation, utilizing all ride data to train its AI. Initial investors supported the lender for drivers.
This funding round supports a company striving to shape the future of autonomous transport. Although CEO Ladi Delano has not stated this explicitly, the bet is clear: as more cities transition to self-driving cars, someone must own and operate these fleets, and Moove aims to be such an operator.
This growth did not happen in a vacuum. In March 2024, the company conducted a $100 million round at a $750 million valuation, led by Uber. In September 2025, reports emerged of a new round exceeding $2 billion amid accelerating revenues. Now, in August 2026, Moove has raised $250 million at a $2.1 billion valuation—a goal achieved in less than a year.
In its development, Moove aggressively scaled up. The company began managing fleets in Brazil and deepened its partnership with Waymo in the US. Revenues surged as the company moved beyond taxi financing to offer broader mobility services.
Investors see the following value in this story: the data gathered from millions of rides, combined with vehicle operational experience, grants the right to manage large-scale autonomous vehicle fleets.
Valuation is one thing; execution is another. Self-driving cars are still a new and expensive technology. Global expansion requires compliance with US and EU regulations, fleet management, and ensuring 24/7 vehicle uptime with minimal downtime.
It also implies the need for a massive amount of capital. This is why Moove needed $250 million and likely will need more. However, if the company meets these challenges, the potential return will be colossal. The world will need operators capable of managing thousands of autonomous vehicles across dozens of cities. If Moove becomes one of those operators, it will be not just a success story for Africa, but a global success.
