The round was led by Khosla Ventures, with continued support from Canaan Partners, Founders Fund, RTX Ventures, Bling Capital, and In-Q-Tel. Joining as new investors are Cox Enterprises and their venture fund Socium Ventures, Destiny Tech100, Georgia Tech Foundation, 137 Ventures, GSBackers, among others. Debt capital is being provided by Silicon Valley Bank, a division of First Citizens Bank, Pinegrove Venture Partners, Hercules Capital, and Trinity Capital.

This round brings Hermeus' total capital raised to over $500 million, reaching a $1 billion post-money valuation. This financing, comprising $200 million in equity and $150 million in debt, accelerates Hermeus' path toward becoming a leader in defense aviation.

Hermeus is a defense aviation company reclaiming the lost art of rapid iterative prototyping to build the fastest aircraft in the world today. By prioritizing relentless hardware iteration, Hermeus delivers high-speed systems at the pace of the modern battlefield. Hermeus works with the Department of War to provide the high-speed capabilities our nation and its allies need to maintain a durable, asymmetric advantage.