Defense Tech Manufacturing Startup Divergent Valued at $2.3 Billion

Divergent Technologies Inc. notched a $2.3 billion valuation in a new funding round as the startup expands its work for US weapons companies — making it the the latest tech company to attract investor attention while aiming to bolster the country’s military arsenal.

The advanced manufacturing company raised $290 million in the round, $40 million of which is debt, in a deal lead by Rochefort Asset Management. The cash infusion will allow the company to expand its digital design operations, boost production and develop more automated assembly systems to make missile parts and other equipment.