"The continent is undergoing rapid industrialization, he told TechCrunch. There is money, opportunity, and a young, driven population. He figured, soon enough, the continent was on the "edge of an industrial revolution." "At the same time," he said, he felt the continent still struggled to address what was one of its biggest Achilles heels. "Terrorism and insecurity." Africa has more terror-related deaths than any region in the world,"
"He teamed up with a friend, Maxwell Maduka, 24, and launched Terra Industries, a defense company that designs infrastructure and autonomous systems to help governments and organizations monitor and respond to threats. The company announced Monday that it emerged from stealth with a $11.75 million round led by Joe Lonsdale's 8VC. Others in the round include Valor Equity Partners, Lux Capital, SV Angel, and Nova Global."
Nathan Nwachuku perceived Africa at a crossroads of rapid industrialization, youth-driven opportunity, and persistent insecurity. He identified terrorism and insecurity as major threats to the continent's growth. Nwachuku and Maxwell Maduka founded Terra Industries to design infrastructure and autonomous systems for monitoring and responding to threats. Terra Industries emerged from stealth with a $11.75 million round led by 8VC, joined by several prominent investors and African backers. The company previously raised an $800,000 pre-seed round. The founding team and many engineers bring Nigerian military experience, and the company aims to become Africa's first defense prime.
Read at TechCrunch
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