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Ares Industries: Defense technology company developing and manufacturing low-cost anti-ship cruise missiles for the U.S. military, focused on mass production.
Ares Industries has raised $500K across 1 funding round.
Key people at Ares Industries.
Ares Industries was founded in 2024 by Alex Tseng (CEO and Founder).
Ares Industries has raised $500K in total across 1 funding round.
Founded in 2024 by Alex Tseng and Devan Plantamura, Ares Industries is a defense technology startup based in El Segundo, California, that develops low-cost, compact anti-ship cruise missiles compatible with existing launch platforms. The company utilizes commercial components and vertical integration to manufacture munitions that are 10 times smaller and 10 times cheaper than traditional alternatives. Operating with a team of two employees, the firm targets the United States Department of Defense and allied military forces to address critical munitions shortages in the Indo-Pacific region. Backed by startup accelerator Y Combinator and partner Jared Friedman, the enterprise successfully built and flight-tested its initial prototypes in the Mojave Desert within eleven weeks of inception. The business is currently on track to deliver its first working missile systems to early government customers by the middle of 2025.
Key people at Ares Industries.
Ares Industries was founded in 2024 by Alex Tseng (CEO and Founder).
Ares Industries has raised $500K in total across 1 funding round.
Ares Industries's investors include FAST — by GETTYLAB, Twenty Two Ventures, Y Combinator.
Ares Industries is a defense technology startup building a new class of low-cost, mass-manufacturable anti-ship cruise missiles designed to address the U.S. military’s urgent need for affordable, scalable strike capabilities. The company’s flagship products—Maverick and Goose—are compact, container-launched missiles that deliver precision strike power at a fraction of the cost and size of traditional cruise missiles. Ares serves the U.S. Department of Defense and allied forces, solving the critical problem of munitions scarcity in high-intensity, large-scale conflicts, particularly in the Indo-Pacific theater. With rapid prototyping, flight testing completed within months of founding, and a clear path to customer delivery by mid-2025, Ares has demonstrated strong growth momentum and is poised to reshape the future of maritime strike warfare.
Founded in 2024 by Devan Plantamura and Alex Tseng, Ares Industries emerged from the founders’ deep experience in defense technology and munitions. Devan, a veteran of both Army Psychological Operations and Navy combat, brings operational insight and business development expertise from well-funded defense startups. Alex, with a background in missile engineering, autonomous systems, and turbojet development, was the first engineering hire at a prior missile startup and has worked at Rivian and Stanford. The idea for Ares was born from the recognition that existing anti-ship cruise missiles are too large, too expensive, and too scarce to meet the demands of modern warfare—especially in a potential conflict with China. In just 11 weeks, the team went from founding the company to flight-testing their own missile designs in the Mojave Desert, marking a pivotal moment in their journey and validating their ability to move quickly from concept to prototype.
Ares Industries is riding the wave of a major shift in defense strategy: the move from “exquisite, high-cost” systems to “mass, low-cost” effectors. This trend is driven by recent conflicts in Ukraine and the Middle East, which have shown the limitations of expensive, low-volume munitions in modern warfare. The U.S. military’s pivot toward preparing for large-scale, high-intensity conflicts—especially in the Indo-Pacific—has created a strong demand signal for affordable, scalable strike capabilities. Ares is at the forefront of this transformation, leveraging advances in manufacturing, materials, and networked systems to deliver a new class of munitions that can be fielded en masse. Their approach not only addresses immediate military needs but also helps rebuild the U.S. defense industrial base, making it more resilient and responsive to future threats.
Ares Industries is poised to become a key player in the future of anti-ship warfare, with the potential to redefine how the U.S. and its allies think about munitions and strike capabilities. As the company expands into air-launched variants and extended-range systems, its influence will grow across multiple domains. The broader trend toward mass, low-cost effectors is likely to accelerate, driven by the realities of modern conflict and the need for scalable, resilient defense solutions. Ares’s ability to move quickly, innovate, and deliver affordable, effective weapons positions it to shape the next generation of defense technology. Just as the founders set out to fill a critical gap in the U.S. arsenal, Ares’s journey is a testament to the power of agile, mission-driven startups to transform even the most entrenched sectors.
Ares Industries has raised $500K across 1 funding round. Most recently, it raised $500K Seed in August 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2024 | $500K Seed | FAST — by GETTYLAB, Twenty Two Ventures, Y Combinator |