The investment brings the company to unicorn status with a valuation exceeding $1 billion, driven by the company's rapid and profitable growth. The company has seen a 300% increase in adoption year-over-year in military systems.

The funding round was led by Bain Capital's Tech Opportunities fund, the growth technology platform of Bain Capital, with participation from Ansa Capital, Sapphire Ventures, Valor Equity Partners, AVP, Uncorrelated Ventures, and the former Director of the Central Intelligence Agency, David H. Petraeus.

Defense Unicorns is a veteran-owned defense technology company founded in 2021 by Rob Slaughter, Jeff McCoy, and Andrew Greene to make software a strategic deterrent for the U.S. Department of War. The company builds open-source, airgap-native technologies that enable the secure development, delivery, and sustainment of mission software across cloud, on-premises, and tactical edge environments. Defense Unicorns' technology is trusted by the operators of some of the most critical systems in the world, including the U.S. Navy, Army, Air Force, and Space Force.