Picogrid team today announced a new $45M Series A round, led by Bessemer Venture Partners.

EL SEGUNDO, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Picogrid, the defense technology company building the open integration layer for modern military systems, today announced the close of a $45 million Series A led by Bessemer Venture Partners. Washington Harbour and GSBackers joined the round, alongside existing investors Initialized Capital, Starburst Ventures, Credo Ventures, Giant Step Capital, Alumni Ventures, and industry angels. The funding will expand Picogrid's product family, extend its integration capabilities into new operational domains, and scale deployments with the US military, allied forces, and the partner vendors building on the platform.

The Pentagon is acquiring more new capability than at any point in a generation—sensors, autonomy, C2 software, edge compute, AI models, space and undersea systems, electronic warfare payloads—yet operational outcomes are not scaling with the rate of procurement. Integrating these systems into military networks and command systems has emerged as the central bottleneck of modern defense.

Picogrid was founded to solve this problem and its platform is already deployed globally today in support of active ...