Overland AI Gets $100 Million Funding Round to Scale Defense Tech
By Elias Schisgall
Overland AI raised $100 million in funding to scale its operations for the Defense Department.
The autonomous defense and national security systems company said Tuesday that the new funding round was led by Joe Lonsdale's venture capital firm, 8VC, with participants including Point72 Ventures, Ascend Venture Capital, Shasta Ventures and Overmatch Ventures.
TriplePoint Capital also gave the company a $20 million venture debt facility, Overland said.
It added that the funding would allow it to meet growing demand for its autonomous ground vehicle, known as ULTRA, which is being used by the U.S. Army, Marine Corps, and the Special Operations Command.
"Demand for ground autonomy has moved decisively from experimentation to operational integration," co-founder and President Stephanie Bonk said. "This funding allows us to scale alongside the units adopting our technology."
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 03, 2026 13:00 ET (18:00 GMT)
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