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.
Read More »Voyager to Acquire Majority Stake in XO Markets
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.
Read More »Northrop Invests in AI-Based Radio Transceiver Developer Deepwave Digital
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.
Read More »Lockheed Invests in DarwinAI to Advance COVID-19 Diagnosis Initiative
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.
Read More »Lockheed Invests in Airspace Sensor Network Developer Hidden Level
In-Q-Tel, Airbus, Techstars Invest in Cubesat Propulsion Tech Maker Morpheus Space
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.
Read More »GSA Increases Investment into Opportunity Zones After Trump’s Executive Order; Emily Murphy Quoted
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.
Read More »Reaction Engines, Rolls-Royce Forge Aircraft Propulsion Tech Dev’t Partnership; Mark Thomas Quoted
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.
Read More »Pradman Kaul: Hughes Sees OneWeb Investment as Opportunity to Compete for FCC’s Broadband Subsidies
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.
Read More »CalypsoAI Closes Series A Funding Round, Adds Paladin’s Mourad Yesayan to Board
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.
Read More »Sagewind Capital Invests in Gov’t Tech Engineering Services Provider QuantiTech
Sagewind Capital has made an investment in QuantiTech, a Huntsville, Ala.-based provider of technical engineering and management services to defense and federal agencies.
Read More »Julian Setian: SOSi, AppTek Engineers Kick Off Collaboration
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.
Read More »Lockheed Invests in Red 6’s Augmented Reality Tech for Military Aircraft Training
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.
Read More »SOSi Invests in AI-Based Speech Recognition Tech Developer AppTek; Julian Setian Quoted
SOS International has made an investment in Applications Technology, a McLean, Va.-based developer of artificial intelligence-based speech recognition systems.
Read More »Accenture Federal Services’ McClure, Jackson, Layman on How Federal IT Leaders Approach Modernization
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.
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