Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons

Carlyle-managed funds co-led Castelion’s Series C equity financing with JPMorganChase’s Strategic Investment Group and Andreessen Horowitz. The release reports $800 million of equity and a $250 million committed revolving facility, while describing the overall raise as $1 billion. Carlyle’s individual contribution was not disclosed.