Austin-based Smack Technologies raised a $61 million Series B, according to a Reuters report aggregated by Techmeme. The round was led by Costanoa and First In. The company is developing artificial intelligence decision-making tools for the U.S. military, according to the same report. The provided summary does not include a valuation, additional investors, customer details, or a deployment timeline. For now, the financing is best read as another data point in investor demand for defense-technology startups applying AI to military workflows. The specific capabilities of Smack’s tools are not detailed in the provided material, so the story should not be read as confirmation of fielded systems or awarded contracts. Who benefits: Smack Technologies gains growth capital and the backing of Costanoa and First In. The U.S. military could benefit if the company’s tools improve decision-making workflows, though the provided item does not specify any deployment. Who's exposed: Competing defense-technology startups working on AI-enabled command, planning, or decision-support tools may face more funding competition. The available summary does not identify direct competitors or government programs affected.