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What will be the valuation of Ares Industries after its next funding round?
3
Resolution / Starting Odds
Less than $100 million • 25%
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Official announcements from Ares Industries or VC firms; credible news sources
Story
Y Combinator Backs Ares Industries, Launches $300,000 Missiles for Taiwan Strait
Aug 25, 2024, 02:48 PM
Y Combinator has backed its first defense startup, Ares Industries, which specializes in building low-cost cruise missiles. Ares Industries, part of Y Combinator's current batch, has pitched its $300,000 anti-ship cruise missiles as a solution for potential conflicts, such as a war in the Taiwan Strait. The company claims these missiles are 10 times smaller and cheaper than existing options. An actual photo of their missile has been released. This marks a significant shift for Y Combinator, which has not previously funded weapons companies. The company also noted that U.S. stockpiles could be exhausted within weeks in such conflicts.
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