Hypersonic aircraft startup Hermeus raises $350M at $1B valuation
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Hypersonic aircraft startup Hermeus has raised $350 million in funding at a $1 billion valuation. The company is developing drones for the US military that can fly five times faster than the speed of sound using a unique turbine-based combined cycle engine design.
Hermeus, a Los Angeles-based startup, has secured $350 million in equity and debt funding. The funding round was led by Khosla Ventures and valued the company at $1 billion. Hermeus is developing hypersonic drones for the US military. The company's engine design combines elements of turbojet and ramjet engines, allowing it to operate efficiently at high speeds. Hermeus has completed test flights with subsonic and supersonic demonstrator aircraft. The new funding will be used to scale manufacturing capabilities and accelerate development of ramjet-powered flight.
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