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Latham & Watkins Advises Defense Unicorn’s US$136 Million Series B
January 14, 2026
Firm represents the veteran-owned defense technology company in latest funding round at a valuation of US$1 billion.
Defense Unicorns, the leader in airgap software delivery for national security mission systems, has announced the completion of a US$136 million Series B financing round led by Bain Capital. The investment brings the company to unicorn status with a valuation exceeding US$1 billion, driven by the company's rapid and profitable growth. The company has seen a 300% increase in adoption year-over-year in military systems.
Latham & Watkins LLP represented Defense Unicorns in the transaction with a corporate team led by partner Stephen Ranere, with associate Alex Bernstein. Advice was also provided on compliance matters by partner Damara Chambers, with associate Adam Schupack.