Smash Capital, co-founded by former Disney+ chief Kevin Mayer, led a $200 million Series B funding for autonomous-turret maker Allen Control Systems at a $2.2 billion post-money valuation and brought on David Urban as an operating partner. A separate market analysis recommends three undervalued stocks as bargain opportunities amid AI and IPO hype.
Smash Capital, the venture firm co-founded by Kevin Mayer in 2021, secured a $200 million Series B for Allen Control Systems, valuing the defense-tech startup at $2.2 billion post-money. The round attracted new and returning investors, including Craft Ventures, Rally Ventures and Inspired Capital.
Alongside the ACS investment, Smash Capital added Trump campaign advisor David Urban as operating partner to guide regulatory and broadcasting rights efforts. The firm raised $837 million for its debut fund and $840 million via SPVs, and is targeting about $2 billion for its second main fund.
In a separate market commentary, analysts urged investors to deploy $10,000 into three undervalued stocks, citing current AI and IPO-driven valuations as overstated. The piece emphasizes long-term bargain opportunities but does not disclose the specific companies named.
