Tech Company Financing Transactions

Castelion Funding Round

Castelion, based in Washington, secured $1 billion in investment from Andreessen Horowitz, Carlyle Global Partners and JPMorgan Chase Bank.

Transaction Overview

Company Name
Castelion
Announced On
8/20/2026
Transaction Type
Debt
Venture Equity
Amount
$1,000,000,000
Round
Series C
Investors

Andreessen Horowitz (Lead Investor) (Katherine Boyle)

Carlyle Global Partners (Lead Investor)

JPMorgan Chase Bank (Lead Investor)

Altimeter Capital (Erik Kriessmann)

General Catalyst (Paul Kwan)

Interlagos Capital

Lavrock Ventures (Alex Poulin)

Lightspeed Venture Partners (Connor Love)

T. Rowe Price

Proceeds Purpose
The company intends to use the funds to accelerate the scaled production of Blackbeard, its low-cost, mass-producible hypersonic strike missile, expand manufacturing capacity at its Project Ranger campus in Sandoval County, New Mexico, and accelerate the development of longer-range strike weapons and defensive systems.

Company Information

Company Status
Private & Independent
Industry
Defense
Mailing Address
Undisclosed
Washington, DC Undisclosed
USA
Phone
Undisclosed
Website
www.velostics.com/
Email Address
[email protected]
Overview
Castelion is bringing a new approach to defense development and production: one that focuses on short, iterative design cycles, rapid testing in development, and modern commercial manufacturing strategies for production at scale. We're designing, building, and testing next generation long range strike weapons systems to give America and its Allies a definitive edge and deter future conflicts.
Profile
Castelion LinkedIn Company Profile
Social Media
Castelion Company Twitter Account
Company News
Castelion News
Facebook
Castelion on Facebook
YouTube
Castelion on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Bryon Hargis
  Bryon Hargis LinkedIn Profile  Bryon Hargis Twitter Account  Bryon Hargis News  Bryon Hargis on Facebook
Chief Operating Officer
Sean Pitt
  Sean Pitt LinkedIn Profile  Sean Pitt Twitter Account  Sean Pitt News  Sean Pitt on Facebook
Co-Founder
Andrew Kreitz
  Andrew Kreitz LinkedIn Profile  Andrew Kreitz Twitter Account  Andrew Kreitz News  Andrew Kreitz on Facebook

 

 

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