Helicity Space, a developer of fusion power for in-space propulsion and power technology, has announced securing an investment from Lockheed Martin Ventures, Lockheed Martin’s venture capital wing. This second funding round is a follow up to the initial round in December participated by institutional investors.

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Firestorm Labs, a maker of modular unmanned aerial vehicles and an expeditionary additive manufacturing cell, raised $12.5 million from its latest funding activity. Lockheed Martin Ventures and other active defense investors provided the seed investment capital, Firestorm said Thursday.

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Millimeter wave power amplifier maker Elve has announced the completion of its Series A funding round and raising $15 million from an investor group led by TomEnterprise Private AB and joined by Lockheed Martin Ventures. The Davis, California-based firm company said Thursday it will use the fresh funds to grow its customer base in the space connectivity market and increase manufacturing capabilities.

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Lockheed Martin's venture capital arm has made a strategic investment in weather intelligence provider Meteomatics to support the latter's product development and market expansion initiatives. Meteomatics said Thursday it will use the capital to scale its high-resolution weather and climate technology and expand its presence in the defense, energy, aviation, insurance and government sectors.

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HawkEye 360 raised an additional $10 million in the second and final close of its Series D-1 funding round. The radio frequency data analytics company said Wednesday that investments from Lockheed Martin Ventures and company insiders brought the Series D-1 total to $68 million.

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The venture arm of Lockheed Martin has made an investment in goTenna, which is currently undergoing its series 1 fundraiser. The mesh networking technology developer said Friday it will use the new funding to provide the U.S. government with improved capabilities, including those for situational awareness and connectivity.

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J. Christopher Moran, a 35-year technology industry veteran and former senior executive at Applied Materials, has joined Lockheed Martin as executive director and general manager of the company’s venture capital business. He will manage Lockheed Martin Ventures‘ strategy and pipeline development, investment tracking, transaction execution and reporting functions, the company said Tuesday. “With his guidance, we will work with other leading investors […] More

Lockheed Martin and Red 6 are forming a strategic joint venture and are entering a mentor-protege agreement under the U.S. Small Business Administration Mentor-Protege Program. The two companies said Wednesday that the agreement will help with innovation, joint ventures, bidding and the exploration of future investments. The agreement will also provide Lockheed with access to […] More

Hypersonics provider X-Bow Systems has closed an interim funding round headed by Lockheed Martin’s venture unit. Crosslink Capital, Razor’s Edge Ventures, Balerion Space Ventures, Bravo Victor Venture Capital and Capital Factory were the other investors, X-Bow announced from its Albuquerque, New Mexico headquarters on Thursday.

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AI company Vayu Robotics announced the closing of its seed financing round of $12.7 million led by Khosla Ventures, with participation from the investment arm of Lockheed Martin, ReMY Investors and others. Vayu said the funding round will enable the scaling of product development for AI robotics across markets.

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Lockheed Martin‘s venture capital arm made a strategic investment in South 8 Technologies, which developed a novel lithium-ion battery that uses liquefied gas electrolyte. South 8 said Wednesday that it received support from Lockheed Martin Ventures, as well as LG Technology Ventures, Foothill Ventures and Anzu Partners. The company’s LiGas technology was designed to increase […] More

Lockheed Martin‘s venture capital arm made an investment in Agile Space Industries, a company that produces hypergolic chemical systems for in-space propulsion technologies. Agile said Friday Lockheed Martin Ventures’ contribution closes the seed-2 funding round with over $18 million in financing raised. The financing campaign is part of Agile Space Industries’ plan to boost its […] More