Nigeria’s fast-rising defence technology company, Terrahaptix (Terra Industries), has secured an additional $22 million in fresh capital, pushing its total funding to $34 million and lifting its valuation to $100 million.
The new round was led by Lux Capital, with participation from Resilience17 Capital, founded by Flutterwave CEO, Olugbenga Agboola, alongside 8VC, Nova Global, Silent Ventures, Belief Capital, Tofino Capital and other investors. The extension comes barely weeks after the company raised $11.75 million in January, a round led by 8VC, the venture firm founded by Palantir co-founder, Joe Lonsdale.
According to the company, the additional capital was secured in under two weeks, reflecting strong investor confidence in its rapid growth and expanding security footprint across Africa.
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Building Africa’s Defence Infrastructure
Founded by Nathan Nwachukwu and Maxwell Maduka, Terrahaptix is positioning itself as a developer of autonomous security systems designed to protect critical infrastructure across the continent. The Abuja-based company operates a 15,000-square-foot robotics and drone manufacturing facility and develops integrated hardware and software platforms for surveillance and threat response.
Its systems include autonomous aerial drones, unmanned ground vehicles and AI-powered surveillance towers built to monitor assets such as power plants, oil pipelines, mines and industrial facilities. Through its proprietary operating system, ArtemisOS, the company integrates data intelligence and automated threat detection into a unified security network.
The urgency behind its mission is clear. Across parts of Sub-Saharan Africa and the Sahel, terrorism and infrastructure sabotage have disrupted energy production, mining operations and transportation networks. African governments have historically relied on foreign security technology and intelligence systems. Terrahaptix aims to reduce that dependence by developing locally built, scalable defence solutions tailored to regional threats.
The company has already secured federal and commercial contracts and says it is protecting assets valued at approximately $11 billion. It has also generated over $2.5 million in commercial revenue, signalling early operational traction.
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Rapid Funding Momentum and Global Expansion
The latest $22 million extension follows January’s $11.75 million raise and signals accelerated growth. Investors in the broader funding round include Valor Equity Partners, SV Angel, Leblon Capital, Silent Ventures and Nova Global, along with angel investors such as Jared Leto and Jordan Nel.
Chief Executive Officer, Nathan Nwachukwu, said the company secured the extension quickly because the initial raise generated strong momentum. He added that the team deliberately chose investors with proven experience in scaling hard-tech and defence-focused companies, prioritising strategic expertise alongside capital.
Terrahaptix is now expanding beyond Nigeria. Earlier this month, the company announced a partnership with Saudi industrial giant AIC Steel to establish a joint manufacturing hub in Saudi Arabia. The facility will focus on producing infrastructure security systems, marking the company’s first significant production expansion outside Africa.
In the coming weeks, Terrahaptix also plans to unveil a larger manufacturing facility, a move that would significantly increase drone production capacity. The company currently produces up to 10,000 drones annually, with plans to scale to 40,000 units.
The $100 million valuation places Terrahaptix among a growing group of African technology firms that are attracting global venture capital beyond fintech. While much of Africa’s startup ecosystem has historically focused on payments and financial services, investors are now channeling capital into defence, robotics, and advanced manufacturing across the continent.
As infrastructure security becomes increasingly critical across Africa, companies like Terrahaptix are betting that autonomous systems and locally built intelligence platforms will play a central role in protecting economic assets and strengthening national resilience.
With fresh capital, new global partnerships and expanding production capabilities, Terrahaptix is positioning itself at the forefront of Africa’s emerging defence technology sector.
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