Terra Industries, a Nigerian defence technology startup, has raised an additional $22 million in funding, extending its earlier $11.8 million round and bringing total funding in the round to $34 million.
The follow on investment was led by Lux Capital, with participation from 8VC, Nova Global, Silent Ventures, Belief Capital, Tofino Capital and Resilience17 Capital, founded by Flutterwave Chief Executive Officer Olugbenga Agboola.
The round closed less than a month after the company announced its initial raise. Terra said the new capital will support expanded manufacturing, wider deployments across Nigeria and other African countries, and the hiring of senior engineering and business leaders in Africa, London and San Francisco.
Founded in 2024 by Nathan Nwachuku, 22, and Maxwell Maduka, 24, Terra builds autonomous drones, sentry towers and unmanned ground vehicles connected through its proprietary software platform, ArtemisOS. The system enables real time monitoring and coordinated response across land, air and maritime environments.
The company said it currently secures infrastructure assets valued at about $11 billion and holds contracts worth tens of millions of dollars across multiple African markets.
Africa accounts for roughly 30 percent of global critical mineral reserves and invests about $100 billion annually in infrastructure. However, much of that infrastructure sits in remote or volatile regions. Terra positions its locally manufactured systems as an alternative to imported security technologies that can be costly to maintain and exposed to supply chain risks.
The funding reflects continued investor interest in African hardware and software ventures addressing security alongside industrial growth.