Ares Industries Analysis: $500K Raised
What is Ares Industries?
Ares Industries develops low-cost anti-ship cruise missiles, focusing on innovative defense solutions compatible with existing launch platforms.
Founded
2024
Company Stage
Pre-Seed
Investors
- CoastCap
- Y Combinator
YC Batch
S24
Product Features & Capabilities
- anti-ship cruise missiles, low-cost design, compatible with existing launch platforms, capable of delivering smaller payloads, high subsonic speeds, compact form factor (10x smaller than traditional missiles), significantly reduced cost (approximately $300,000 per missile).
How much Ares Industries raised
Pre-Seed - $500,000
August 21, 2024Lead Investor: Not specified
Who are the founders of Ares Industries
AT
Alex Tseng
CEO and Founder
DP
Devan Plantamura
Founder
