By David Jeans

NEW YORK (Reuters) -Counter-drone radar manufacturer Chaos Industries raised $510 million in a funding round that closed last month, the company’s CEO said, the latest sign of booming investor interest in emerging military technology firms.

The Los Angeles-based company which makes radars that can detect drones – a key vulnerability highlighted in the Ukraine war – is now valued at $4.5 billion, Chaos CEO John Tenet told Reuters.

The series D funding round, which has not been previously reported, was led by Valor Equity Partners. Tenet said the fresh capital will be used to ramp up manufacturing and scale its workforce.

It comes just six months after the company’s previous funding round, and brings the total raised by the firm to $1 billion.

The rapid rise of Chaos, whi

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