Abuja-based defence technology startup Terrahaptix Inc. has secured $22 million in fresh funding to expand production of its autonomous surveillance and infrastructure protection systems across Africa.
The round was led by U.S. venture capital firm Lux Capital, with participation from Resilience17 Capital, founded by Olugbenga Agboola. Existing investors, including 8VC and Nova Global, also participated.
The funding comes weeks after the company closed an earlier $11.8 million round, underscoring growing investor appetite for African-built defence and security technologies.
Chief Executive Officer Nathan Nwachukwu said the latest raise exceeded the company’s initial target and was completed in under two weeks.
Terrahaptix plans to expand its Abuja manufacturing facility, targeting an annual production of 40,000 drones. The company also intends to begin construction of a second large-scale defence factory at an undisclosed location to meet growing demand from military and public sector clients.
Earlier this year, the startup — formerly known as Terra Industries — disclosed that it had secured infrastructure protection contracts tied to assets valued at approximately $11 billion across Africa, alongside tens of millions of dollars in signed agreements.
The rapid fundraising reflects heightened focus on locally developed security technology as governments across the continent increase spending on counterterrorism and infrastructure protection.
