Latest news with #Honolulu-based
Business Journals
6 days ago
- Business
- Business Journals
Aloha Stadium contract negotiations delayed, demolition still set for August
An aerial rendering of the New Aloha Stadium Entertainment District that's being planned by Aloha Halawa District Partners, whose members include Honolulu-based Stanford Carr Development. Negotiations between the state and the development team are being delayed, but demolition of Aloha Stadium is still set for August.
Business Insider
7 days ago
- Business
- Business Insider
Check out the exclusive pitch deck defense tech startup Onebrief used to raise new cash at a $1.1 billion valuation
As the Trump administration and Silicon Valley work hand-in-hand to integrate more tech into the military, Onebrief, which makes an AI-powered platform that helps military planners build and coordinate complex operational plans, is the latest startup to benefit from the defense tech boom. The Honolulu-based startup raised a $20 million Series C extension in June, led by Battery Ventures, bringing its total funding to over $120 million and pushing its valuation past $1 billion. That's an over $400 million increase in valuation since January, when General Catalyst led a $50 million Series C round that valued Onebrief at $650 million. Onebrief's software lets the military planners swiftly determine logistical moves and asset allocation for a given situation. These actions are traditionally compiled into extensive planning documents that can span hundreds of pages, Demaree said. Onebrief's platform handles everything from initial collaboration to issuing orders and mainly uses Claude, Anthropic's large language model. "Almost all of the military's largest plans are built in our software," cofounder and CEO Grant Demareee added, declining to cite specific plans due to contractual constraints. He claimed that Onebrief has exhibited roughly 19,600% annualized growth in operational usage, he told Business Insider in an interview. The fresh cash comes amid surging venture investment in defense tech, now among Silicon Valley's hottest sectors. VC investments in defense-related companies rose 33% year-over-year to $31 billion in 2024, according to McKinsey. Funding rounds in the first quarter of 2025 totalled $1.4 billion, up from $200 million from the same period last year, according to Pitchbook. Previously, Demaree served in the 101st Airborne Division, deploying to Liberia and Iraq, and graduated from West Point, where he studied nuclear engineering and international relations. "I had a couple of deployments that opened my eyes to the reality that military planning is much more important than it gets credit for on the outside — and a much more tractable problem," Demaree told Business Insider in an interview. "I saw a lot of plans that could take hours or days when they could've taken minutes." Michael Brown, a partner at Battery Ventures, was motivated by Demaree's background and the platform's potential applications to future geopolitical conflicts when leading the firm's investment in OneBrief. "The adversarial level of conflict is increasing by the day," Brown said. "The ability for us as Americans, and our allies, to plan more effectively and quickly will ultimately result in more security for the world." Check out the pitch deck that Onebrief used to raise $20 million and become a unicorn.
Axios
22-06-2025
- Business
- Axios
Exclusive: Defense tech startup Onebrief hits $1.1B valuation
Onebrief, a maker of military workflow software, raised $20 million in new funding led by Battery Ventures at a $1.1 billion valuation, CEO Grant Demaree tells Axios Pro exclusively. Why it matters: The valuation almost doubles the company's $650 million valuation in a February deal led by General Catalyst. How it works: Onebrief's collaborative workflow platform helps military staff from different organizations stay up to date in real-time planning, while its AI features help with decision making. There also could be an opportunity to sell the platform to other parts of the federal government, such as FEMA and Homeland Security, says Michael Brown, general partner at Battery Ventures. Catch up quick: Defense tech funding has been on a roll, as best illustrated by Anduril's $2.5 billion raise led by Founders Fund at a $30.5 billion valuation earlier this month. What they're saying:"I think there's an understanding right now that we have to be on our front foot when it comes to defense," Brown says, speaking on current investor interest in defense tech. The bottom line: Demaree said it would be possible for the Honolulu-based company to raise again before the end of the year.
Yahoo
10-05-2025
- Business
- Yahoo
Hawaii reaches landmark settlement with big pharma
HONOLULU (KHON2) — Gov. Josh Green and Attorney General Anne Lopez are expected to unveil what they're calling a 'historic settlement' with several global pharmaceutical companies during a press conference Friday afternoon at the State Capitol. Download the free KHON2 app for iOS or Android to stay informed on the latest news Special Deputy Attorney General Rick Fried, a partner at Honolulu-based law firm Cronin, Fried, Sekiya, Kekina & Fairbanks, is also slated to details of the settlement remain under wraps until the official announcement, officials said the agreement marks a major milestone in Hawaii's legal fight against major pharmaceutical corporations. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Journals
07-05-2025
- Business
- Business Journals
MUSE HONOLULU: A Visionary Landmark in the Ala Moana Neighborhood
A groundbreaking addition to Honolulu's skyline is on the horizon. Muse Honolulu is a highly anticipated luxury condominium by developer JL Capital, in partnership with the world-renowned architectural firm Bohlin Cywinski Jackson and respected Honolulu-based firm Benjamin Woo Architects. Embracing Ala Moana's stunning ocean, mountain, and city views, Muse pays homage to the unique contrast of Honolulu as an urban metropolis nestled within Hawaii's tropical paradise. UNIQUE LIVING SPACES With a curated selection of over 50 studio, one-, two-, and three-bedroom floor plans across 315 residences, Muse presents a home for every lifestyle: 10 Grand Penthouse and Penthouse Residences: Positioned at the tower's uppermost levels and offering its most breathtaking views, these residences boast larger floor plans, luxurious ceiling heights, and a truly expansive feel. 227 Tower Residences: These stylish and spacious homes embody timeless elegance, with impressive ceiling heights and sweeping views of the stunning Pacific Ocean, Ko'olau Mountains, and inspired city skyline. 72 Urban Lofts: Expansive 10-foot-plus ceiling heights and exposed concrete are the hallmarks of these sophisticated, modern residences. 6 Two-Story Townhomes: Featuring soaring double-height ceilings in the living areas, these exclusive townhomes are ideally positioned on the amenity deck level for the best in indoor-outdoor entertaining. WORLD-CLASS AMENITIES Three distinct levels of curated spaces provide unparalleled experiences for relaxation, wellness, and entertainment: Rooftop Sky Lounge: Located on Muse's pinnacle floor, this exclusive retreat for residents and their guests features breathtaking Pacific Ocean and Diamond Head views. Wellness Amenities (Level 8): Our wellness spaces serve as a tranquil retreat, featuring amenities designed for relaxation and rejuvenation. Highlights include the Muse Wellness Spa, his-and-hers saunas and steam rooms, and multi-level fitness rooms. Recreation Deck (Level 7): This amenity level is a vibrant, inclusive space where residents and guests can connect and unwind. Featured amenities include a luxurious pool, hot tub and cold plunge, golf simulator, private dining rooms, and more. A MASTERPIECE IN THE MAKING Designed by Bohlin Cywinski Jackson, visionaries behind some of the world's most iconic spaces, Muse Honolulu is a modern architectural statement. Inside, each residence is crafted with precision and sophistication, featuring Silestone countertops, custom Studio Becker cabinetry, and premium Sub-Zero, Wolf, and Cove appliances that blend high design with everyday functionality. Every element is thoughtfully curated to elevate the living experience. Be among the first to experience Muse Honolulu. Schedule your appointment by reaching out today.
