Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons

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  "signal_type": "news",
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  "detected_at": "2026-08-19T22:00:00+00:00",
  "company": {
    "name": "Castelion",
    "domain": "castelion.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/castelion-raises-1-billion-series-c-to-scale-production-of-low-cost-hypersonic-weapons-302855711.html",
    "title": "Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons",
    "excerpt": "Funding drives Blackbeard to maximum production rate and accelerates a new longer-range strike system TORRANCE, Calif. , Aug. 19, 2026 /PRNewswire/ -- Castelion, a cutting-edge defense technology company working to restore America's conventional deterrence capability, today announced a $1 billion Series C fundraise. This financing will accelerate the scaled production of Blackbeard, Castelion's first low-cost, mass-producible hypersonic strike missile, while expanding the company's product portfolio to longer-range strike weapons and defensive systems. The Series C round is a combination of $800 million in equity financing and $250 million in committed financing for a revolving credit facility. The equity financing was co-led by JPMorganChase's Strategic Investment Group - part of the firm's Security and Resiliency Initiative, Andreessen Horowitz, and funds managed by global investment firm Carlyle (NASDAQ: CG ). Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst, and Interlagos joined new investor T. Rowe Price Associates, Inc* in investing in the fundraise. The round values Castelion at $13 billion. Castelion has secured more than $500 million in U.S. military contracts over the past 18 months and took Blackbeard from a clean sheet to program of record in under four years, with fielding targeted for 2027. \"Deterrence depends on unapologetic American...",
    "summary": "Castelion is valued at $13 billion following its Series C funding round.",
    "location": "Torrance, California, USA",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS1972628/Castelion.jpg?id=OA2898671&p=facebook",
    "confidence": 1,
    "published_at": "2026-08-19T22:00:00Z",
    "location_data": [
      {
        "city": "Torrance",
        "state": "California",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
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      }
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    "article_sentence": "The round values Castelion at $13 billion.",
    "amount_normalized": 13000000000
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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
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  -d '{"domain":"castelion.com","limit":20}'