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Stock impact report

African defensetech Terra Industries, founded by two Gen Zers, raises additional $22M in a month [TechCrunch]

CF Industries Holdings, Inc. (CF) 
Last cf industries holdings, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4533245
Company Research Source: TechCrunch
Nathan Nwachuku, 22, and Maxwell Maduka, 24, launched Terra Industries in 2024 to design infrastructure and autonomous systems to help African nations monitor and respond to threats. Terrorism remains one of the biggest threats in Africa , but much of the security intelligence on which its nations rely on come from Russia, China, or the West. In January, CEO Nwachuku said his goal was to build “Africa's first defense prime, to build autonomous defense systems and other systems to protect our critical infrastructure and resources from armed attacks.” At the time, Terra had just won its first federal contract. The company has government and commercial clients, and Nwachuku said Terra had already generated more than $2.5 million in commercial revenue and was protecting assets valued at around $11 billion. He said this extension round came fast due to “strong momentum.” Other investors in the round include 8VC, Nova Global, and Resiliience17 Capital, which was founded by Flutterwav Show less Read more
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