Terrahaptix Inc., an autonomous security startup based in Abuja. And formerly known as Terra Industries, has raised $22 million in fresh funding. The capital will be used to expand the production of its surveillance and protection systems for critical infrastructure across Africa.
The funding round was led by US venture firm Lux Capital. With participation from Resilience17 Capital, an investment firm founded by Flutterwave CEO Olugbenga Agboola.
This latest investment comes just weeks after Terrahaptix closed an earlier $11.8 million funding round. Highlighting strong investor interest in African-built defense and security technologies.
Previous investors, including 8VC and Nova Global, also joined the new round, which the company completed in under two weeks.
What the Company is Saying
Nathan Nwachukwu, CEO of Terrahaptix, described the funding round as exceeding expectations. He noted that the company initially aimed to raise only a fraction of the $22 million secured.
The new capital will be used to expand Terrahaptix’s existing manufacturing facility in Abuja. With plans to produce 40,000 drones annually. Additionally, the company will begin constructing a large-scale factory at an undisclosed location in the coming weeks. To meet growing demand from government and defense clients.
According to Nwachukwu, the company has seen a surge in military and public sector contracts, creating an urgent need to scale its production capacity.
“In the next few days, we will begin the rapid construction of a second defense megafactory in Africa and grow our engineering workforce,” Nwachukwu said. “This new capital accelerates our goal of giving Africa the technological edge needed for counterterrorism and infrastructure security.”
Looking Back
Earlier this year, in January, it report that Terrahaptix (then known as Terra Industries) raised $11.75 million. To address Africa’s growing security challenges using locally developed defense technology.
