Major US defense and aerospace prime contractor expanding its corporate venture fund to $1B targeting AI and autonomous systems.
“Lockheed Martin, BAE Systems, Airbus, and other defense giants have participated in a record $4.1 billion of venture rounds this year as they race to gain exposure to drones, autonomous systems, and other technologies reshaping warfare.”
“Raises $91M Series B Round from Draper Associates, PEAK6 Investments, Lockheed Martin Ventures”
Source→“Venus Aerospace raised $90M Series B for "rotating detonation rocket engines for hypersonic weapons and high-speed space vehicles," backed by Lockheed Martin Ventures.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.