Hermeus Raises $350 Million to Revolutionize Hypersonic Flight

Hermeus, a Los Angeles defense startup, has secured $350 million, valuing it at $1 billion. The funds will enhance its hypersonic aircraft manufacturing capabilities. CEO AJ Piplica embraces hardware failures as essential milestones. Hermeus aims for Mach 5 speed, with plans for a third aircraft. The company modifies engines from RTX subsidiary Pratt & Whitney for efficiency. Defense tech fundraising is surging, with global investments exceeding $9 billion last year. The startup draws inspiration from SpaceX's rapid iterational approach. Talent remains the biggest challenge according to Piplica.