case study

Defense Tech: From 10 Employees to $500M Valuation

$500M

Series B valuation — 10 to 100+ employees in 18 months after TMV hires

$500M

Series B valuation — 10 to 100+ employees in 18 months after TMV hires

~$100M

Total Funding

30+

Products to DOD

3

Roles Placed

The Challenge

The client builds autonomous maritime systems. TMV engaged at just 10 employees in fall 2024 to place three critical GTM roles: VP of Federal, first Business Development Rep, and first Mission Operations Lead.

Our Search

Three simultaneous searches leveraging TMV’s deep veteran network. Each hire brought firsthand military experience — understanding the customer as a former operator, not an outsider.

The Results

TMV placements built the sales pipeline supporting ~$100M in venture funding. Investors include In-Q-Tel (CIA), Lockheed Martin, and Hanwha. The company reached 100+ employees and acquired two companies.

Outcome

Closed $85M Series B at ~$500M valuation. Named SVDG Top 100 Defense Startup.

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