What Happened
Growth Capital to Expand WrapShield Platform Globally
WRAP Technologies has secured $12 million in funding to expand its WrapShield platform, an integrated system for threat detection, decision support, and response across public safety and defense applications. The company plans to use the growth capital to support working capital, technology development, and strategic partnerships, as well as deepen its presence in the US federal defense market through WRAP Federal. This move is part of a broader trend of defense technology companies raising significant funding to expand their capabilities, as reported by Unknown Source.