Tag Archives: investment

Kymeta has announced a $30M investment from Hanwha Systems to help the former expand its global market presence and further develop its low-Earth orbit antenna technology and other next-generation capabilities.

Voyager Space Holdings has agreed to acquire a majority stake in XO Markets and its largest subsidiary Nanoracks. Houston-based Nanoracks offers commercial space services for satellite deployment and research across more than 30 nations. "With Voyager, we're confident in our expanded team's ability to continue to deliver game-changing technology industry-wide," said Jeffrey Manber, CEO of Nanoracks.

Northrop Grumman has made an investment in Deepwave Digital and partnered with the company to advance research-and-development work on artificial intelligence to enhance communications processing capability.

Lockheed Martin has invested $750K in Canada-based artificial intelligence company DarwinAI to help the latter operationalize a project that seeks to accelerate diagnosis of COVID-19 through chest X-ray scans. Lockheed made the investment in DarwinAI through its Canadian arm and as part of the Industrial Technological Benefits policy.

Lockheed Martin’s venture capital arm has invested in Hidden Level as both companies look to address airspace security and surveillance challenges through the use of distributed sensor networks.

Morpheus Space, a space technology startup based in Germany, secured funding from investors such as In-Q-Tel and Airbus’ venture capital arm to support expansion efforts in the U.S., Defense One reported Wednesday.

The General Services Administration (GSA) has announced that the administration will increase its investment into Opportunity Zones and distressed communities for future federal government buildings and leases, GSA announced Tuesday. The agency's investment has come after the Executive Order related to Targeting Opportunity Zones and Other Distressed Communities for Federal Site Locations, signed by President Donald Trump on Aug. 24.

Rolls-Royce and Reaction Engines have agreed to team up to build high-speed aircraft propulsion platforms and explore the use of Reaction Engines’ thermal management technologies in hybrid-electric systems and gas turbine engines for defense and civil aerospace platforms.

Pradman Kaul, president of Hughes Network Systems, said the company believes its investment in satellite company OneWeb has paved the way for Hughes to offer low-Earth orbit broadband connectivity to compete for the Federal Communications Commission’s Rural Digital Opportunity Fund, SpaceNews reported Wednesday.

CalypsoAI has raised $13M in a round of Series A financing led by Paladin Capital Group and will use the investment to pursue global expansion and innovation.

Sagewind Capital has made an investment in QuantiTech, a Huntsville, Ala.-based provider of technical engineering and management services to defense and federal agencies.

Julian Setian, president and CEO of SOS International and a 2020 Wash100 award winner, said the company’s engineers started discussing sales channels with their counterparts at Applications Technology, a McLean, Va.-based developer of artificial intelligence-based speech recognition systems, days after SOSi made an investment in the latter company, Inside Defense reported Tuesday.

The investment arm of Lockheed Martin has invested in Red 6, which aims to build and commercialize an airborne augmented reality system designed for military training and simulation use.

SOS International has made an investment in Applications Technology, a McLean, Va.-based developer of artificial intelligence-based speech recognition systems.

Dave McClure, Malcolm Jackson and Jason Layman of Accenture Federal Services wrote in a Nextgov article published Monday that there are three lessons from the company’s Future Systems research that show how federal information technology leaders approach IT modernization and the first is that these leaders invest in innovation infrastructure.