Benchmark Leads $25M Bet on Low-Cost Missile Defense

Benchmark is leading a $25 million seed round, or early startup funding, for one-year-old Furientis at a $125 million valuation. The company plans to mass-produce low-cost interceptor missiles, designed to shoot down incoming threats. It follows a $5 million pre-seed round. Benchmark partner Chetan Puttagunta pointed to prototypes built and launched with that funding.