Picogrid raises $45M Series A

Picogrid, a defense technology company focused on integrating modern military systems, announced a $45 million Series A funding round led by Live Oak Venture Partners. Additional investors include Washington Harbour Partners, GSBackers, and existing investors such as Initialized Capital, Starburst Ventures, VSR Ventures Private Limited, Giant Step Capital, and Alumni Ventures. The funding will be used to expand Picogrid's product family, extend its integration capabilities into new operational domains, and scale deployments with the United States military and allied forces. Picogrid's platform addresses the critical bottleneck of integrating diverse defense systems, including sensors, autonomy, C2 software, and AI models, into cohesive military networks. Its ecosystem already supports over 100 defense systems from vendors like Skydio, Northrop Grumman, Echodyne, CX2, and Nero, enabling seamless communication and data flow. CEO Zane Mountcastle emphasized that the funding will help meet demand from the United States forces and allies and scale production across the country.