Slingshot Aerospace Gets Air Force SBIR Contract, Venture Capital Funds for AI-Based Tech
Slingshot Aerospace has received a $1.5M Small Business Innovation Research contract from the Air Force Life Cycle Management Center and another $1.5M in funds from venture capital firms ATX Venture Partners and Revolution’s Rise of the Rest Seed Fund to accelerate the development and deployment of an artificial intelligence-based platform. Slingshot EDGE is designed to help warfighters glean insights from data using AI and provide them situational awareness capability in order to facilitate the decision-making process on the battlefield, the company said Thursday.