Nick Blair, son of former UK prime minister Tony Blair, is reportedly seeking roughly $200 million to fund a defence-technology venture that has not launched, according to reporting cited by The Financial Times. The company, described as London-based, is said to be in discussions with investors, though details of the talks and any potential funding are not yet finalized.

Both outlets frame Pyra as an early-stage project still moving through pre-launch steps. The Financial Times focus is on Blair’s talks with investors for the new venture, while The Next Web emphasizes that the figure being sought and the company’s status are based on information that is ongoing and unconfirmed. Neither outlet describes a completed funding round or provides details on specific investors, terms, or timing beyond the fact that discussions are underway.