News Summary

Theseus, a San Francisco-based startup focusing on military drone technology, has raised $4.3 million in seed funding following a viral hackathon tweet. Founded by Ian Laffey, Sacha Lévy, and Carl Schoeller, Theseus joined Y Combinator’s Spring 2024 cohort. The company develops hardware and software enabling military drones to navigate without GPS, a crucial innovation amidst rampant GPS jamming. While the company has not yet secured U.S. military contracts or battlefield deployments, it has entered early testing agreements with U.S. Special Forces.