logo
logo

Theseus has successfully raised $4.3 million in seed funding led by First Round Capital, with support from Y Combinator and Lux Capital. The funding will help advance their innovative drone technology capable of navigating without GPS.

Apr 17, 2025•3 months ago

Amount Raised

$4.3 Million

Round Type

seed

San FranciscoManufacturing

Investors

Lux CapitalY CombinatorFirst Round Capital

Description

Theseus, a San Francisco-based startup, has raised $4.3 million in seed funding. The round was led by First Round Capital, with additional support from Y Combinator and Lux Capital. The funding aims to enhance their technology designed to combat GPS jamming, particularly in military applications. Founded by a team of young engineers, Theseus is looking to make a significant impact in the defense tech sector.

Company Information

Company

Theseus

Location

San Francisco, California, United States

About

Theseus is a San Francisco-based company focused on developing hardware components and software enabling military drones to operate without GPS. The company emerged from a hackathon project where its founders designed a cost-effective drone utilizing a camera and Google Maps for navigation. Theseus aims to combat issues related to GPS jamming faced by drone operators, particularly in conflict zones like Ukraine. Although not yet deployed in military operations, the company is currently working on further tech development and testing with U.S. Special Forces.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People