Terra Industries closes $52M seed round to build defense infrastructure for the Global South
Terra said its competition right now is any defense company that has won government contracts, especially suppliers from Turkey, China, and the West.
As TechCrunch previously reported, although terrorism remains one of Africa’s biggest threats, many of the countries in the continent depend on the West, Russia or China for security intelligence. Countries in this region often work with numerous international contractors, meaning their defense supply chains are fragmented and therefore easily destabilized.
Terra says it wants to solve that by becoming the biggest player in the ecosystem for equipping countries with military and critical defense infrastructure.
The startup will use the fresh capital to expand manufacturing across the Global South, open a London office, hire more, and accelerate product deployment. It also hopes to open an office in San Francisco and build a presence in Washington, D.C. to better access capital and U.S. partnerships.
Discover more from NAIRAVOICE.COM.NG
Subscribe to get the latest posts sent to your email.