Funding round
Alta Ares Series A
Alta Ares, which works in AI-Powered defense technology development in Paris, raised $58M in a Series A round announced on 9 Jun 2026, led by Air Street Capital. 4 firms took part. It is Alta Ares' second venture round on record; the one before was a Pre-seed in Jan 2025.
$58M
Amount raised
50,000,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Alta Ares did not disclose a valuation in this round. It came 17 months after Alta Ares' Pre-seed. It is 97% of the $60M Alta Ares has raised in the venture rounds on record. No later venture round is on record for Alta Ares.
Alta Ares' funding rounds
Alta Ares has 2 venture rounds on record. This one is highlighted.
- Pre-seed 1 Jan 2025 $2.1M
- Series A this round 9 Jun 2026, led by Air Street Capital $58M
Investors
Who put money in
Air Street Capital led the round with 3 other firms.
Lead investor
- backs 17 venture-backed companies new investor
Also in the round
- backs 92 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
- backs 27 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
51 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 3.1 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 8 Jun 2026 | $19M | not disclosed | Voyager |
| Aerospace and Defence | 30 Jun 2026 | $17M | not disclosed | Brindabella and Company |
| Aerospace and Defence | 1 Jun 2026 | undisclosed | not disclosed | not named |
| Aerospace and Defence | 12 May 2026 | $100M | not disclosed | Cobalt Capital |
| Aerospace and Defence | 28 May 2026 | $90M | not disclosed | Lux Capital and Upfront Ventures |
| Aerospace and Defence | 23 Jul 2026 | $18M | not disclosed | Upfront Ventures |
| Aerospace and Defence | 6 May 2026 | $18M | not disclosed | Washington Harbour |
| Aerospace and Defence | 15 May 2026 | $18M | not disclosed | QIC |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Alta Ares raise in its Series A round?
Alta Ares raised $58M in its Series A round, announced in Jun 2026.
Who led Alta Ares' Series A round?
Air Street Capital led it, with Cherry Ventures, OTB Ventures and Harpoon Ventures.
What was Alta Ares' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
51 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 3.1 times the median.