The Bullfrog autonomous weapon station featuring the M240 machine gun to detect and defeat small drone threats. Photo: Allen Control Systems

Allen Control Systems (ACS) on Friday said it has raised $200 million to scale production of its Bullfrog autonomous weapon station that can be integrated with different weapons—including the M240 machine gun—to defeat close-in drone threats. The Series B raise was led by Smash Capital and values ACS at $2.2 billion. The Austin, Texas-based company said it has received contracts from the Defense Department’s Joint Interagency Task Force-401 and allied military customers, adding that Bullfrog is deployed with the Army…