Defense tech startup Biofire has extended its Series A financing round to reach a total of $22 million. Building on the initial raise led by Founders Fund, the additional $7 million comes from new investors including CAZ Investments and Valhalla Ventures.
Biofire is on a mission to improve firearm safety and save lives. The company developed a handgun that unlocks instantly for authorized users but remains secure from anyone else. Its Smart Gun comes with a fully integrated electronic fire-control system and biometrics.
Biofire launched the Smart Gun for pre-order in the U.S. in 2023. Its new funding will help the company accelerate initial production as it plans to ship the first Smart Gun to consumers in 2024.
