Saturday, August 29, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Industry News

Young Nigerian Founders Secure $11.75M from Top US VCs to Build Africa’s High-Tech Defense Future

byDare Iretomide
January 13, 2026
in Industry News, News
0
Young Nigerian Founders Secure $11.75M from Top US VCs to Build Africa’s High-Tech Defense Future
20
VIEWS
Share on FacebookShare on Twitter

In a major move for Africa’s tech scene, Nigerian defense technology startup Terra Industries has come out of stealth mode, announcing an impressive $11.75 million in seed funding.

The company, founded by 22-year-old Nathan Nwachuku and 24-year-old Maxwell Maduka, is on a mission to become Africa’s first homegrown “defense prime,” building advanced autonomous security systems to protect the continent’s critical infrastructure.

The funding round was notably led by US venture firm 8VC, founded by Palantir co-founder Joe Lonsdale, with participation from other major investors like Valor Equity Partners and Lux Capital.

The founders argue that as Africa industrializes, with nearly $100 billion invested annually in new infrastructure, a massive security gap has emerged.

CEO Nathan Nwachuku states that this progress is fragile if infrastructure like power plants, mines, and refineries remain exposed to terrorism and crime. Terra aims to solve this by providing a locally-built, high-tech alternative to relying on foreign defense contractors.

Their integrated system includes long-range drones, autonomous sentry towers, and unmanned ground vehicles, all connected through their proprietary software, ArtemisOS, for real-time threat detection and response.

This isn’t just about technology; it’s about African ownership. “This is African technology, built by African engineers, for African infrastructure,” said CTO Maxwell Maduka, a former Nigerian Navy UAV engineer. The company already operates a 15,000-square-foot manufacturing facility in Abuja and is actively proving its model.

Terra’s systems are currently protecting about $11 billion worth of assets, including the Geometric Power Plant in Aba, hydropower dams, and mining operations in Nigeria and Ghana. With the new funding, Terra plans to expand its manufacturing capacity, hire more engineering talent, and scale its deployments across other African nations.

Tags: FeaturedNigerian defense technology startupPre-Seed FundingTerraUS VCs
Dare Iretomide

Dare Iretomide

Next Post
Federal Government Launches Immediate Night Repairs on Lagos–Ota–Abeokuta Road

Federal Government Launches Immediate Night Repairs on Lagos–Ota–Abeokuta Road

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dangote Refinery IPO Set to Transform Nigeria’s Stock Market

2 months ago
Access Holdings Affirms Long-Term Value Strategy Amid Market Challenges

Access Holdings Gets NGX Extension for H1 2026 Results

2 weeks ago

Popular News

  • Kano-Katsina Rail Passes 75% Completion as FG Targets December Launch

    Kano-Katsina Rail Passes 75% Completion as FG Targets December Launch

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Pension Sector Records 51% Growth in 2 Years

    0 shares
    Share 0 Tweet 0
  • Nigerians Shift to Solar as Generator Costs Rise

    0 shares
    Share 0 Tweet 0
  • Laundry Goes Doorstep as Pickup Business Grows

    0 shares
    Share 0 Tweet 0
  • Sahara Power Targets Q1 2027 Completion for $12m Lagos Power Plant

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .