True Anomaly, a Colorado-based startup that builds autonomous spacecraft for orbital combat, has raised $650M in Series D funding at a $2.2B valuation, bringing total capital raised to $1B since its August 2022 founding. The funding came four days after the US Space Force selected True Anomaly for Golden Dome space-based interceptor prototypes under $3.2 billion in OTA agreements. The company is the only company focused solely on space defence, with cost estimates ranging from $185B to $4.6T. The $650 million investment is a bet that the Pentagon will become the largest military space procurement in American history. The round was co-led by Eclipse and Riot Ventures, with new investors Paradigm, Atreides, G Squared, The Private Shares Fund, and VanEck joining existing backers Accel, Menlo Ventures, ACME Capital, Space VC, Meritech Capital, Narya, and 645 Ventures.