Nigeria's Terra Secures $34M Funding from Joe Lonsdale, Lux Capital, and Others Amid Rising Demand for Pilotless Drones and Defense Systems Due to Jihadist Threats (Nduka Orjinmo/Bloomberg)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
0mins
Source: Techmeme
Funding Raised: Nigeria-based drone startup Terrahaptix Inc. has successfully raised $34 million from investors including Joe Lonsdale and Lux Capital, driven by increased demand from jihadist groups.
Factory Opening: The company plans to open its first factory abroad in Ghana, where it will manufacture mid-range pilotless aircraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
