Lockheed Martin Ventures

Technology providers that enhance satellite operations

Next-gen Satellites

HawkEye 360 is a data analytics company that develops space-based radio frequency mapping. The company operates a commercial satellite constellation to identify, process, and geolocate a broad set of RF signals. Its products include maritime domain awareness and spectrum mapping and monitoring; our customers include a wide range of commercial, government, and international entities.

Hedron is a satellite communications company based out of Boston that is leveraging hybrid RF-laser communications technology.

Slingshot Aerospace specializes in developing space simulation and analytics solutions aimed at enhancing space safety, sustainability, and security.The company's key offerings related to satellite management include the (1) Slingshot Beacon for collision avoidance (2) Slingshot's Global Sensor Network for space object tracking, (3) Slingshot astrodynamics services, (4) Slingshot Seradata for satellite and launch data, and (5) Slingshot Aerospace's AI solutions.Slingshot Beacon is a platform for collision avoidance and coordination, used by over 90% of active low Earth orbit (LEO) spacecraft, while its Global Sensor Network, which includes over 150 day/night optical sensors in 20+ locations worldwide, provides space object tracking , using a unique day/night optical network. Its services offer routine, advanced, and event-based tracking with sub-arcsecond accuracy and low-latency delivery.Its astrodynamics services offer precise orbit determination, ephemeris generation, and conjunction assessments to streamline space operations and improve safety. This data supports satellite operators, defense agencies, and space agencies in ensuring the safe and efficient operation of spacecraft.Slingshot Seradata is a satellite and launch database offering details on every launch attempt and spacecraft deployed into orbit, and the application can be used to identify trends, assess failure rates, and determine market share, among other metrics.Slingshot Aerospace's AI solutions provide tools for space domain awareness, traffic coordination, and detailed modeling. Its suite of AI technologies includes the AI Outlier Spacecraft Insights, which monitors and identifies anomalous spacecraft behavior, and AI-Driven Training Agents, which create realistic and challenging simulation scenarios. Additionally, its ML-Driven Pattern of Life Insights continuously monitors spacecraft behavior, while its Synthetic Environment &amp; Data Generation capabilities generate realistic constellations and scenarios.&nbsp; Key customers and partnershipsCustomers include NASA, the US Air Force, DARPA, Pixxel, Satellogic, the US Department of Commerce, and Northrop Grumman.&nbsp;Furthermore, OneWeb, Spire Global Inc., Orbit Fab all piloted Slingshot Aerospace’s Slingshot Beacon product in 2021.The company also partnered with <a href="https://sp-edge.com/companies/6475">Spire Global</a>, whereby the company supplied Slingshot Aerospace with GPS telemetry data for a contract funded through the Space Systems Command’s (SSC) Commercially Augmented Space Inter-Networked Operations (CASINO) program (March 2022) and with HawkEye 360 Inc to supply data for Slingshot’s initiatives in space-based monitoring and the detection of RF threats. This collaboration also supports Slingshot's pLEO Data Exploitation and Enhanced Processing (DEEP) program for the US Space Force’s Space Systems Command (January 2023).

<div>
 
 Terran Orbital is a manufacturer of satellite products that provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support. It primarily serves the aerospace and defense industries.&nbsp;
 
 
 Terran Orbital offers a range of seven standard satellite buses, ranging from &ldquo;nano&rdquo;- to &ldquo;small&rdquo;-size satellite classes, built using a modular approach. Launched in September 2023, these modular buses feature interchangeable components and can be configured for diverse applications across civil, commercial, and defense sectors. Its largest enterprise-class spacecraft platform can carry up to 24 satellites per launch at its advanced manufacturing facility. The firm claims by using common components, it achieves efficient building and testing processes. Its flexible architecture and automated production and testing ensure fast delivery times for single and constellation orders, maintaining high quality and minimizing risk.
 
 
 In March 2024, the company launched SmallSat GEO, which provides cost-effective small-satellite solutions to geostationary orbit and claims to offer a safer alternative to traditional large GEO missions. With much shorter lead times and costs reduced by 10x&ndash;15x, it allows for more flexible and dynamic operations.
 
 
 Key customers and partnerships
 
 
 In May 2024, Terran Orbital secured a new contract from Lockheed Martin to purchase 18 satellite buses. Lockheed Martin will use the satellite buses to produce 18 satellites for the Space Development Agency&rsquo;s Tranche 2 Tracking Layer contract.
 
 
 Terran Orbital has collaborated with NASA on multiple missions, including the CPOD nano-satellite docking demonstration, Pathfinder Technology Demonstrator (PTD) 3, and the RainCube radar satellite for the Jet Propulsion Laboratory.
 
 
 In June 2023, Terran Orbital partnered with ImageSat International to make final preparations for launching the Runner 1 FASat-Delta Earth observation satellite, which will collect and monitor data.
 
 
 
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X-Bow Systems is dedicated to providing affordable access to orbit for commercial and government payloads.

Xona Space Systems is a commercial aerospace company developing Pulsar, a next-generation Global Navigation Satellite System (GNSS) designed to provide high-precision positioning, navigation, and timing (PNT) services. Pulsar's architecture uses a constellation of small but powerful satellites operating in low Earth orbit (LEO), over 20x closer to Earth than traditional GPS satellites. This proximity enables Pulsar to deliver centimeter-level accuracy, high levels of service availability, and robust signal security through advanced encryption and interference mitigation techniques.Xona's patented distributed atomic clock architecture allows the Pulsar constellation to maintain precise timing without relying on expensive atomic clocks on individual satellites. Instead, the satellites leverage timing inputs from various sources, including GPS, ground stations, and cross-links with other Pulsar satellites, enabling a cost-effective and scalable solution.In May 2022, Xona Space Systems launched Huginn, the first of two test satellites, to demonstrate its Pulsar constellation's precision navigation signals from LEO, aiming to validate core technology. Xona's second prototype satellite, Muninn, has been awarded a launch contract for deployment in early 2023.The company planned to deploy 300 satellites in three phases, with the first phase providing timing services and GNSS enhancements in North America and Europe by 2025. Subsequent phases would introduce positioning services in mid-latitudes and eventually offer global high-performance PNT services independent of GPS by 2027.&nbsp;In&nbsp;<a href="https://sp-edge.com/updates/34128">September 2024</a>, Xona opened its first international office in Canada, which would&nbsp;focus on developing user equipment for Xona's Pulsar PNT service. As of September 2024, the company was set to launch its first satellite on SpaceX's Transporter 14 rideshare mission in June 2025.&nbsp;The firm also provides access to an ecosystem of original equipment manufacturers (OEMs), including Septentrio, Hexagon, and StarNav providing satellite navigation equipment for devices of all sizes for a range of applications, from asset trackers to autonomous cars and dog collars to deep water drilling. Additionally, Xona provides developer kits and has partnered with GNSS simulation equipment providers, including Spirent, Safran, and Syntony, enabling developers to test and refine its Pulsar signals product effectively.Key customers and partnershipsIn August 2023, the company partnered with Lockheed Martin, an aerospace and defense company, to strengthen the security and features of Xona's Pulsar services. During the same month, the company secured partnerships with the US Air Force Research Laboratory (AFRL) and the US Space Force, enabling the integration of Pulsar into the national security space architecture and addressing unique Department of Defense PNT requirements. In May 2024, Xona Space Systems partnered with Aerospacelab, a developer of a constellation of micro-satellites for Earth observation and imagery, to use Aerospacelab's Versatile Satellite Platform (VSP) capabilities to design, manufacture, and launch Xona Space Systems' upcoming navigation satellite, assist Xona Space Systems in obtaining the necessary operator license, and support launch operations for two years.In&nbsp;<a href="https://sp-edge.com/updates/35596">November 2024</a>, the company partnered with Astranis to develop a GPS backup system for the USSF.

Empowering the modern soldier with cutting-edge technology

Military Tech

Red 6, founded in 2018, is an augmented reality (AR) technology company focused on revolutionizing military pilot training. The company's primary product is the Advanced Tactical Augmented Reality System (ATARS), which allows real pilots in actual aircraft to train against virtual opponents and scenarios in the sky. ATARS enables pilots to see and interact with synthetic threats, targets, and assets in real-time through a helmet-mounted AR display while flying. This system provides realistic training for various scenarios including dogfights, air-to-air refueling, formation flying, and surface-to-air missile evasion.Red 6's technology aims to address challenges in traditional pilot training methods, such as high costs, limited availability of adversary aircraft, and environmental impacts. The company claims its AR approach can produce better-trained pilots at half the cost and environmental damage of conventional training. As of June 2023, Red 6 had over 83 employees across locations in Santa Monica, Denver, and Orlando.The company has developed additional technologies to support its AR training ecosystem, including the Combined Augmented Reality Battlespace Operation Network (CARBON) and the Augmented Reality Command and Analytic Data Environment (ARCADE). These systems work together to create a comprehensive outdoor synthetic training environment for multiple users, which Red 6 envisions as part of a broader "military metaverse" for cross-domain training.Key customers and partnershipsRed 6 has established significant partnerships within the defense industry. In September 2022, the company announced a collaboration with Boeing to integrate ATARS into the T-7 and F-15EX aircraft. Additionally, Red 6 signed a strategic agreement with the UK's Royal Air Force (RAF) and National Security Strategic Investment Fund (NSSIF) in June 2023 to supply AR technologies for the UK military flying training ecosystem.The US Air Force has been a key customer and supporter of Red 6's technology. The company received a contract from the Air Force's Tactical Funding Increase (TACFI) program in February 2022 to continue integrating ATARS into the T-38 Talon aircraft. Red 6 has also outlined plans to integrate its technology into other platforms, including the T-45, F-16, and F-15E.In June 2023, Red 6 announced a partnership with Lockheed Martin and Korea Aerospace Industries to integrate ATARS into the T-50 platform and related ground-based training systems. The company has also engaged with international customers, signing a strategic partnership with Saudi Arabia-based Advanced Electronics in May 2022.

ABL Space Systems developed the RS1, an 88-foot-tall two-stage rocket capable of delivering up to 2,975 pounds of payload to low Earth orbit at a cost of USD 12 million per launch. The RS1 was powered by the company's E2 engines - nine in the first stage and one in the second stage - using liquid oxygen and kerosene fuel. The company also created GS0, a portable ground system designed to enable launches from remote locations with minimal infrastructure requirements. In January 2023, ABL's first RS1 launch attempt failed when the rocket lost power shortly after liftoff and crashed. A second RS1 was destroyed in July 2023 during pre-flight testing when a fire broke out during a static fire test. In November 2024, ABL announced its exit from the commercial launch market to focus exclusively on missile defense technologies, leveraging its rocket and ground system technologies for national defense applications. The company operates facilities in El Segundo, California and maintains two test sites in the Mojave Desert.
Key customers and partnerships
Lockheed Martin was a major customer, having signed a contract in April 2021 for up to 58 RS1 launches through 2029. The company also secured contracts from the US Air Force and Space Force, including a USD 60 million award in March 2023 to develop "responsive launch" capabilities for defense missions.

HawkEye 360, founded in 2015 and headquartered in Herndon, Virginia, is a pioneering defense technology company specializing in space-based radio frequency (RF) data and analytics. The company operates a constellation of satellites that detect, characterize, and geolocate radio frequency signals from various emitters. HawkEye 360's technology enables the identification and tracking of global transportation networks, assists with emergencies, and provides data analytics services to maritime, telecommunications, and security and defense sectors.
The company's primary product, RFGeo, launched in April 2019, offers customers access to RF analytics generated by its satellite constellation. RFGeo provides coordinates and observed characteristics of RF sources, delivered in a format compatible with common commercial Geographic Information System software tools. As of March 2024, HawkEye 360 operates 23 satellites, with plans to expand to a 30-satellite constellation by 2025, providing an average global revisit rate of 12-20 minutes.
HawkEye 360's technology has garnered significant interest from government agencies. In September 2021, the company secured a USD 10 million contract with the National Geospatial-Intelligence Agency to detect and map radiofrequency emissions worldwide. This contract includes one base year with options for four additional years. In September 2022, HawkEye 360 was awarded a contract from the National Reconnaissance Office's Commercial Systems Program Office to integrate commercial RF intelligence into the NRO's integrated overhead architecture.
In December 2023, HawkEye 360 acquired Maxar's RF Solutions business unit, adding two existing RF satellites, intellectual property, and a vast database of radio frequency collections to its portfolio. This acquisition, the company's first, expanded its frequency coverage and enhanced its signal activity understanding globally.

Elroy Air is developing an autonomous vertical take-off and landing (VTOL) cargo aircraft system called the Chaparral. The Chaparral is designed to carry payloads of 300-500 pounds over distances up to 300 miles without requiring runways or charging infrastructure. It features a hybrid-electric powertrain combining a turboshaft engine and batteries, which enables long-range flights beyond what's possible with battery power alone. The aircraft has eight vertical lift fans, four distributed electric propulsors for forward flight, and a high-wing airframe configuration made of carbon composite materials. A key feature of the Chaparral system is its use of separate, modular cargo pods that can be pre-loaded and quickly swapped, allowing for rapid turnaround times. The aircraft can autonomously locate, pick up, and deliver these cargo pods without human intervention. In November 2023, Elroy Air successfully conducted the first flight test of its full-scale Chaparral C1 prototype, demonstrating a 57-second hover. The company is targeting applications in commercial express logistics, humanitarian aid delivery, and military resupply missions. Elroy Air was founded in 2016 in San Francisco by David Merrill and Clint Cope. As of 2022, the company had secured commitments for over 500 aircraft representing more than USD 1 billion in potential revenue.

A new generation of building blocks for emerging tech

Next-gen Semiconductors

Ayar Labs is a Silicon Valley-based company developing optical interconnect solutions for chip-to-chip communications. The company's core technology replaces traditional copper-based electrical interconnects with silicon photonics-based optical I/O, enabling significantly higher bandwidth, lower latency, and reduced power consumption in data transfer between chips. Ayar Labs' flagship products include the TeraPHY optical I/O chiplet and the SuperNova light source. The TeraPHY chiplet integrates alongside host processors to convert electrical signals to optical, allowing data transmission via fiber optics. As of March 2024, Ayar Labs demonstrated a 16 Tbps bi-directional bandwidth solution, capable of driving 256 optical carriers - a level of performance crucial for AI workloads. The company's technology aims to address bandwidth bottlenecks in various applications, including artificial intelligence, high-performance computing, data centers, and telecommunications. Ayar Labs utilizes a chiplet architecture, designed to be packaged with compute tiles from other chipmakers using open standards like Universal Chiplet Interconnect Express (UCI-express). The company's optical I/O technology is manufactured by GlobalFoundries using its GF Fotonix platform.
Key customers and partnerships
Ayar Labs has secured strategic partnerships with several industry leaders. The company is collaborating with NVIDIA to develop next-generation AI infrastructure based on optical I/O technology. This partnership aims to address the increasing bandwidth demands of AI and machine learning workloads. Ayar Labs is also working with Hewlett Packard Enterprise (HPE) to enhance future versions of HPE's Slingshot interconnect switching systems. The collaboration focuses on developing high-performance networking solutions and novel disaggregated system architectures. Additionally, Ayar Labs has partnered with Corning Incorporated to create an optical leadership solution by coupling Ayar Labs' TeraPHY optical I/O chiplets with Corning's glass waveguide module. Ericsson is also involved in this AI-driven solution as part of their technology exploration for future mobile systems. Furthermore, Ayar Labs is working with Teramount to showcase a concept for the next-generation TeraVERSE detachable connector, designed to meet the infrastructure demands of next-generation AI.

Uhnder is a prominent radar technology company headquartered in Austin, Texas, focused on developing advanced digital imaging radar solutions for the automotive industry. Founded in 2015, Uhnder has pioneered the world's first fully automotive-qualified, 4D digital imaging radar-on-chip. The company's flagship product, the S80 chip, utilizes Digital Code Modulation (DCM) technology to offer superior performance compared to traditional analog radar systems. Uhnder's radar-on-chip provides 16 times better resolution, 24 times more power on target, and 30 times better contrast than conventional analog offerings. This breakthrough technology enables precise detection and tracking of objects, including pedestrians, cyclists, and vehicles, in various weather and lighting conditions.
Uhnder's digital radar chip features 12 transmitters and 16 receivers, creating 192 virtual radar channels. This configuration allows for improved angular resolution, accuracy, and the ability to detect smaller objects more quickly and precisely. The chip consumes between 7-13 watts, which is claimed to be about half the power of competitive setups. In April 2022, Uhnder released its S80 radar-on-chip to mass production, having completed stringent automotive requirements including AEC-Q104 qualification, ISO 26262 ASIL-B rating, and PPAP. In April 2024, Uhnder introduced the S81 mass market imaging radar solution, designed to make 4D imaging radar technology more accessible for Advanced Driver Assistance Systems (ADAS) in a wider range of vehicles.
Key customers and partnerships
Uhnder's technology made its commercial debut in November 2022 through a partnership with Magna International, featuring in the Icon Digital Radar used in the Fisker Ocean electric SUV. The Fisker Ocean incorporates five high-definition digital radars using Uhnder's technology, providing 360-degree coverage with the ability to detect vehicles at 200 meters and pedestrians at 80 meters.
Uhnder has also established strategic collaborations with other companies in the automotive industry. In February 2022, Uhnder announced a partnership with Spartan, a sensor software company, to develop robust, all-weather, high-resolution sensing solutions for ADAS and automated vehicles.

Mythic is an AI processor company that has developed innovative analog compute-in-memory technology for edge AI applications. The company's Analog Matrix Processor (AMP) utilizes flash memory to store neural network weights and perform computations directly in memory, eliminating the need for constant data movement between memory and processors. This approach allows Mythic's chips to deliver high performance at very low power consumption, making them suitable for edge devices with strict power and size constraints.
Mythic's flagship product, the M1076 AMP chip, can deliver up to 35 trillion operations per second (TOPS) while consuming only 3-4 watts of power. The company claims this represents a 10x improvement in power efficiency compared to digital solutions. Mythic's technology enables running complex AI models like YOLOv5 for object detection on full HD video at low latency, suitable for applications in computer vision, robotics, drones, augmented reality, and more.
In addition to single-chip solutions, Mythic offers multi-chip configurations on PCIe cards for more demanding applications. Their MP10304 Quad-AMP PCIe card combines four M1076 chips to deliver up to 100 TOPS at 25 watts. Mythic provides a full software stack to optimize and deploy neural network models on their hardware.

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

Fiddler AI specializes in AI observability, offering solutions that enable enterprises to build, deploy, and manage AI models responsibly.Fiddler AI’s primary offering is its Fiddler AI Observability platform which is designed to monitor AI models, detect bias, and provide actionable insights for businesses across various sectors, including government, lending, and trading.Fiddler AI Observability platform’s key capabilities include model monitoring, explainable AI, analytics, and fairness capabilities. Its model monitoring capabilities allow detection of bias, helping mitigate potential fairness risks that could tarnish a company's reputation and impact its operations. Explainable AI allows users to understand the reasoning behind their models, while the fairness capabilities help guard against bias, and analytics provide actionable insights for model development.The company's solutions cater to the needs of MLOps teams, data scientists, and DevOps engineers, providing tools to streamline the ML production process from training to deployment and continuous monitoring.What sets Fiddler apart from traditional observability solutions is its deep integration of explainable AI (XAI). Thus, Fiddler seeks to ensure that AI models are understandable and fair and facilitate the realization of responsible AI on a broader scale.The platform is offered through a SaaS subscription model, with three packages: Lite, Business, and Premium (March 2024).Key customers and partnershipsFiddler AI’s customers include American Family Insurance, In-q-tel, Conjura, how.fm, tide, and Bigabid.Notable case studies include how.fm, which reduced the time to detect model issues significantly using Fiddler AI's platform, and Conjura, which achieved a reduction in time to detect and resolve model drift.Notably, the company has formed a partnership with Amazon SageMaker to offer end-to-end model lifecycle management.Funding and financialsFiddler AI has raised USD 45.2 million over multiple funding rounds as of January 2024. In July 2023, it raised an undisclosed amount in a venture round, which included participation from Dentsu via Dentsu Ventures Fund II and Mozilla Ventures.

Lightmatter is a photonic computing startup that offers a full stack of photonics-enabled hardware and software solutions that claims to simultaneously reduce power consumption and increase performance.&nbsp;&nbsp;The company offers the following three products:Passage: This is a wafer-scale, programmable photonic interconnect device that enables arrays of heterogeneous chips to communicate and share data using photonics. This allows computer chips to share data with high bandwidth and extremely low latency that can be scaled up at low cost. It is claimed that Lightmatter has scaled up to supercomputing scales and provides more than 100x more bandwidth than existing chip-to-chip interconnect solutions.&nbsp;Envise: A general-purpose machine-learning accelerator that combines photonics and transistor-based systems. Envise is offered as a server blade form factor that offers up to 6.4 TB per second optical data interconnect for scaling up, one terabyte of DDR4 DRAM, and three terabytes of solid-state memory.&nbsp;Idiom: A software that allows developers to interface with standard deep-learning frameworks and AI model formats, including PyTorch, TensorFlow, or ONNX, to automate and optimize the deployment of models&nbsp; on Lightmatter hardware. The software features ML libraries, graph compilers, and debugging and profiling tools to fix and optimize model performance.&nbsp;&nbsp;&nbsp;The uniqueness of Lightmatter’s chips is that they typically use optical flow to solve computational processes like matrix-vector products and use an array of microscopic optical waveguides to let light pass through them to perform logic operations. This form of optimal computing can increase the power of the chip by using more than one color at once while reducing costs by not requiring expensive fiber-to-chip attachments. As a result, the firm claims its solutions are 5x more energy efficient and 200x more bandwidth, which reduces operating costs.Its pilot products are in the beta phase, and Lightmatter plans to begin mass production in 2024.&nbsp;

<div>
 
 Mythic is a developer of AI processor chips that combine hardware and software capabilities, facilitating faster memory access for Edge AI inferencing.&nbsp;&nbsp;
 
 
 Mythic&rsquo;s key products include its Mythic Analog Matrix Processor M1076 AMP and M1108 Processor.
 
 
 Mythic&rsquo;s proprietary Mythic Analog Matrix Processor M1076 AMP leverages the Mythic Analog Compute Engine (Mythic ACE) to provide GPU-level computational power with significantly lower power consumption. This enables edge devices to efficiently run complex AI applications at higher resolutions and faster frame rates, leading to improved inference results.&nbsp;
 
 
 Its M1108 Processor is designed to deploy Edge AI in a broad spectrum of applications, encompassing smart residences, augmented and virtual reality (AR/VR), unmanned aerial vehicles (drones), and video monitoring.
 
 
 The company's technology is distinguished by its analog compute-in-memory (CIM) architecture, which stores neural networks entirely on-chip, providing a more compact, power-efficient, and cost-efficient solution compared to traditional digital solutions. This technology allows Mythic to deliver high-performance AI processing, comparable to a desktop GPU, across a range of devices from low-cost drones to immersive AR headsets.
 
 
 Key customers and partnerships
 
 
 Mythic's products offer solutions across various uses and industries such as smarter cities and spaces, intelligent machines and robots, smart homes, AR/VR and metaverse, and drones and aerospace.&nbsp;
 
 
 Lockheed Martin is one of its largest customers.&nbsp;
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/16992">
 March 2023
 </a>
 the firm raised USD 13 million in venture funding. The company stated it planned to utilize the funds to finance the development of an enhanced energy-efficient AI processor.
 
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Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

Vayu Robotics, a robotics and AI company, develops a last/middle-mile delivery robot called the <a href="https://sp-edge.com/updates/31856">“Vayu One,”</a> designed to autonomously navigate stores, streets, sidewalks, and driveways at speeds of up to 20 mph without the need for LiDAR sensors or pre-mapping roads.The Vayu One combines a transformer-based mobility foundation model with passive sensors, for autonomous navigation. The robot can carry up to 100 pounds of cargo traveling at a maximum speed of 20 mph. The robots can navigate indoor and outdoor environments including city streets.Key customers and partnershipsVayu Robotics has secured an order for 2,500 units of its Vayu One delivery robot from an ecommerce player as of July 2024.The company was also working with an unnamed global robotics manufacturer to replace LiDAR sensors with its sensing technology as of July 2024.

Elroy Air develops cargo delivery drones primarily for military, but also for commercial purposes. The company unveiled its pre-production version of its drone (“Chaparral”) in January 2022, which is pitched toward both last and middle-mile cargo delivery. The drones come equipped with hybrid-electric powertrains, rotor-based vertical takeoff and landing (VTOL), and transitions to wing-based cruise flight for long range. They are also equipped with advanced perception robotic solutions for ground navigation and GPS and sensor technologies for automatic cargo loading and unloading. The drone is capable of flying at speeds of up to 143 mph, covering a range of 300 miles, carrying a payload of 300 lbs. The cargo-carrying pods that can be attached to the drones come in two models, namely, 1) “Palletized Pod,” designed for easy loading of heavier cargo, and 2) “Express Pod,” designed for easy loading of smaller lightweight cargo. The company claims long-range flights do not require additional infrastructure such as airports or charging stations.Key customers and partnershipsAs of October 2023, Elroy Air had 1,000+ pre-orders for its drones from commercial, defense, and humanitarian customers. Its key commercial partners include FedEx Express (for middle-mile cargo delivery between FedEx’s sortation locations in 2023; March 2022); Mesa Airlines, an American regional airline (pre-ordered 150 drones; January 2022); and provider of sustainable vertical flight solutions Bristow Group (pre-ordered 100 drones; July 2022).&nbsp;

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 Q-CTRL is an Australian quantum software startup engaged in designing firmware frameworks to control qubits, by reducing qubit errors and improving qubit fragility (making the hardware more resistant to errors).&nbsp;
 
 
 The company offers four products: Black Opal (targeted at those exploring quantum computing), Boulder Opal (aimed at hardware makers), Open Controls (focused on the research community), and Fire Opal (for algorithm developers). The company also offers Quantum Professional Services to assist companies seeking to explore quantum computing using cloud-based platforms. Its key clientele includes hardware makers Rigetti, Bleximo, IBM, and AQT. In August 2023, Q-CTRL became the first quantum software startup to receive the 
 <a href="https://www.information-age.com/q-ctrl-achieves-risk-based-certification-in-quantum-market-first-123506483/">
 ISO 27001 certification
 </a>
 , which outlines guidelines for implementing an information security management system (ISMS) and managing risks related to data security.
 
 
 
 
 
 Key customers and partnerships
 
 
 Q-CTRL&rsquo;s focus lies on building quantum technologies to be integrated into the aerospace and defense sectors. It had entered into partnerships that included those with 
 <a href="https://sp-edge.com/updates/20012">
 Australia&rsquo;s Department of Defence
 </a>
 (July 2023) to develop quantum sensors for military platforms and 
 <a href="https://www.zdnet.com/article/q-ctrl-and-fleet-to-develop-quantum-sensing-tech-for-space-exploration/">
 Fleet Space Technologies
 </a>
 (March 2021) to develop quantum sensing and navigation technologies. In addition, Q-CTRL has partnered with 
 <a href="https://sp-edge.com/updates?companyIds=532634">
 Keysight Technologies
 </a>
 (March 2024) to accelerate the development, characterization, and scientific demonstrations of quantum processors; 
 <a href="https://sp-edge.com/updates/25588">
 United States Geological Survey
 </a>
 (January 2024) to explore the applications of quantum computing and sensing technologies in geological sciences; 
 <a href="https://sp-edge.com/updates/24430">
 IBM
 </a>
 (November 2023) to integrate Q-CTRL Embedded software IBM Quantum's Pay-As-You-Go Plan; 
 <a href="https://sp-edge.com/updates/20306">
 Oxford Quantum Circuits
 </a>
 (OQC) (July 2023) to improve the algorithmic performance of quantum computers; and 
 <a href="https://sp-edge.com/updates/14870">
 Classiq
 </a>
 (November 2022) to develop an end-to-end platform to accelerate quantum algorithm designing and analysis.&nbsp;
 
 
 
 
 
 Funding and financials
 
 
 In February 2024, Q-CTRL secured a grant of GBP 1 million (~USD 1.26 million) from the 
 <a href="https://sp-edge.com/updates/26379">
 Small Business Research Initiative
 </a>
 (SBRI) Quantum Catalyst Fund Competition, conducted by the Department for Science, Innovation, and Technology (DSIT) and Innovate UK. The grant was allocated to develop new quantum-hardware-optimized algorithmic solvers based on Q-CTRL&rsquo;s proprietary performance management software.&nbsp;
 
</div>

<div>
 
 IonQ develops general-purpose quantum computers using trapped-ion technology. Although the company calls itself a full-stack player, its focus has been on developing hardware. In December 2020, it revealed its quantum roadmap that introduced its new metric, &ldquo;algorithmic qubits (AQ),&rdquo; which represents the largest number of qubits that can be deployed while maintaining high performance and considering error correction. Its latest system IonQ Aria achieved 20 AQ, as of May 2023. In terms of physical qubits, IonQ&rsquo;s latest hardware had 32 qubits, which were expected to hold 22 AQs. In 
 <a href="https://sp-edge.com/updates/23125">
 October 2023
 </a>
 , the company achieved 29 algorithmic qubits (AQ) using barium qubits for the first time.
 
 
 Founded in 2015, IonQ&rsquo;s main competitive advantage stems from its approach to designing qubits that allow computers to be operated at room temperature with lower error rates.&nbsp;
 
 
 IonQ unveiled the industry&rsquo;s first glass-based trapped ion computing chip called the Reconfigurable Multicore Quantum Architecture (RMQA) technology, in August 2021, which the company believes will significantly expand the longevity of qubits and enable at least triple-digit scalability.&nbsp;
 
 
 In 
 <a href="https://sp-edge.com/updates/31824">
 July 2024
 </a>
 , the company unveiled an accelerated roadmap with expanded 2025 technical milestones, focused on improving native two-qubit gate performance to over 99.9% (three 9s) in 2025, with further gains expected in 2026 from the transition to barium qubits.
 
 
 Key customers and partnerships
 
 
 IonQ has entered several strategic partnership including with&nbsp;
 
 
 1) 
 <a href="https://sp-edge.com/updates/25925">
 Rescale
 </a>
 (January 2024) to combine their cloud computing and quantum computing capabilities
 
 
 2) 
 <a href="https://sp-edge.com/updates/22265">
 Air Force Research Lab
 </a>
 (September 2023) to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development in a deal valued at USD 25.5 million
 
 
 3) 
 <a href="https://sp-edge.com/updates/21158">
 BearingPoint
 </a>
 (August 2023) to offer its quantum systems and related professional services to the European market
 
 
 4) SoftBank Investment Advisers (June 2021) to provide support in deploying the company&rsquo;s quantum systems globally
 
 
 5) Accenture (September 2021) to accelerate the industrial application of IonQ&rsquo;s quantum systems
 
 
 The company offers access to its quantum computer via all major quantum cloud computing platforms including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Marketplace (GCM). It is also integrated with major software development kits (SDK) including IBM Qiskit and Google Cirq. In May 2023, IonQ began offering its IonQ Aria system on Amazon Braket.
 
 
 Funding and financials
 
 
 The company went public on the New York Stock Exchange (NYSE) under the ticker &ldquo;IONQ,&rdquo; in October 2021 via a special purpose acquisition company (SPAC) merger. The IPO raised more than USD 650 million and made IonQ the first publicly traded pure-play quantum computing company.&nbsp;It earned a revenue of USD 22 million for the year ended December 31, 2023.
 
 
 The company secured Samsung&rsquo;s first-ever quantum computing investment (co-led by a UAE wealth fund) of USD 55 million in 2019. IonQ believes it can tap into Samsung&rsquo;s expertise in miniaturization to shrink quantum computing components.
 
</div>

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

Mythic specializes in developing innovative AI processors that leverage analog computing to enhance performance and efficiency.Mythic offers a unified hardware and software processor chip which enables edge artificial intelligence (AI) inferencing, by allowing AI systems to sift through their memory faster. The company launched its “Mythic Analog Matrix Processor” (Mythic AMP) in November 2020. The AMP looks to reduce the cost and complexity of deploying AI solutions, by enabling devices to analyze data and make decisions in real time without using data centers or the cloud. Accordingly, the chips can be used in a range of applications, including smart homes, augmented reality/virtual reality (AR/VR), drones, video surveillance, smart city, and factory automation.Mythic has developed the “M1076” AMP chip, which can deliver up to 25 TOPS of AI compute, and can also scale from the edge to server applications for multiple industries including smart cities, industrial applications, enterprise applications, and consumer devices.Furthermore, as per the company, the chips can deliver the AI compute performance of a desktop graphics processing unit (GPU), by consuming only a tenth of the power. It attributes this efficiency to its chips relying on analog currents and flash memory to perform their inference calculations.Its next product is the next-generation M2000 series product, which builds on the M1076 Analog Matrix Processor. The M2000 series is aimed at bringing even more efficiency and performance to edge AI applications in various fields such as defense, enterprises, industrial environments, smart cities, smart homes, and beyond.As a processor which is built for AI inferencing, it faces competition from a range of technologies including, system on chips (SoCs), tensor processing units (TPUs), GPUs, and field-programmable gate arrays (FPGAs).Funding and financialsIn February 2023, Mythic<a href="https://sp-edge.com/updates/16992"> raised USD 13 million</a> in new funding from Atreides Management, DCVC, Lux Capital, Catapult Ventures, and Hermann Hauser to bring its M2000 series chip to market. During the same period, Mythic also appointed its co-founder and previous CTO, Dave Fick, as the new CEO.

Latent AI is a technology company specializing in optimizing AI models for edge devices, making AI implementation more efficient across various applications.Latent AI offers the Latent AI Efficient Inference Platform (LEIP) to utilize artificial intelligence (AI) and edge computing to optimize computing, energy, and memory. The company is a spin-off of SRI International, a US non-profit scientific research institute. The platform looks to benefit edge AI development by being adaptive (enhancing efficiency by improving accuracy), offering hardware agnostics, and reducing memory consumption.Key customers and partnershipsLatent AI has forged significant partnerships to accelerate AI adoption and implementation. A notable collaboration is with Booz Allen Hamilton, aimed at enhancing AI capabilities for algorithmic warfare at the edge, which is critical for defense organizations. This partnership focuses on deploying and running AI/ML models at the tactical edge to achieve situational awareness and mission success.In January 2024, the company partnered with Figure Eight Federal to enhance government sectors by transforming the entire Machine Learning (ML) life cycle, from optimized data labeling to the delivery of efficient and adaptive models at scale.In August 2023, Latent AI partnered with the Scowcroft Center for Strategy and Security’s Forward Defense program to enhance decision-making through AI, data analysis, and edge computing within the framework of the JADC2 strategy.Funding and financialsIn August 2021, Latent AI raised USD 19 million in Series A funding co-led by Future Ventures and Blackhorn Ventures, with participation from Booz Allen and Lockheed Martin.

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 Fortify offers a wide range of additive manufacturing (AM) solutions from the sale of 3D printers (the Flux series) with related materials and software and on-demand manufacturing. The company facilitates injection mold tooling, radiofrequency and microwave devices, technical ceramics, and electrostatic discharge (ESD) resin products for companies looking to make end-use products from a selection of materials.
 
 
 Fortify uses its patented Digital Composite Manufacturing technology to 3D print components, using functional additives&mdash;additives incorporated during the printing process to influence specific characteristics of the end product. A magnetic field is then applied to customize and seal the microstructure of the layers. This provides engineers with the freedom to customize products based on their end functions. The company uses a range of high-viscosity materials like photopolymer, dielectric material (developed in partnership with Rogers Corporation), high purity alumina, aluminum silicate, and resins. Fortify&rsquo;s entire system is supported by its software &ldquo;Compass,&rdquo; which converts the design to print files, and &ldquo;Flux Developer,&rdquo; which enables qualifying new materials for the Flux range of 3D printers.
 
 
 Fortify also operates through a US-based contract manufacturer network to offer on-demand 3D printing services.&nbsp;
 
 
 Key customers and partnerships
 
 
 Fortify partnered with materials company Rogers Corporation (May 2021), which was 
 <a href="https://sp-edge.com/updates/15715?industryIds=71">
 expanded
 </a>
 in January 2023, to develop low-loss dielectric materials for radiofrequency and electronics devices. The company also entered into a strategic partnership with advanced digital manufacturer Empire Group (September 2021) to develop precision parts that are strong, tough, and more wear-resistant and with Tethon 3D (August 2021) to advance the adoption of ceramics in various AM applications.In February 2024, Fortify partnered with Varioprint, a printed circuit board (PCB) manufacturer, to introduce radio frequency design and manufacturing technology to the European market.
 
 
 Funding and financials
 
 
 
 In April 2022, Fortify raised an undisclosed amount of funding through a strategic investment agreement with not-for-profit strategic investor In-Q-Tel, Inc. (IQT) to bring AM radio frequency and electronic technologies to the market. In December 2022, the company received a strategic investment from 
 <a href="https://sp-edge.com/updates/15304">
 Lockheed Martin
 </a>
 Ventures for the same purpose. In May 2023, Fortify raised USD 12.5 million from several investors including Lockheed Martin Ventures to expand its capabilities and accelerate the development of its digital composite manufacturing (DCM) platform.
 
</div>

<div>
 
 Alloy Enterprises is a provider of on-demand additive manufacturing services. The company uses a combination of laser cutting and diffusion bonding technologies to develop dense aluminum parts at scale without the use of aluminum powders. This claims to address the difficulty of using aluminum powders to produce complex geometries.&nbsp;
 
 
 In October 2023, the company launched aluminum cold plate components available for production on demand. The company had the capacity to produce up to 20,000 parts per year (as of January 2024).&nbsp;
 
 
 Key customers and partnerships
 
 
 In June 2023, alloy reported that it had secured its first 10 customers.&nbsp;
 
 
 Funding and financials
 
 
 Alloy Enterprises raised USD 26 million in a Series A round led by Piva Capital in May 2023 to ramp up and automate production, further develop the software suite, and hire new employees.
 
 
 
</div>

Technology to explore opportunities beyond Earth

Space Travel and Exploration Tech

X-Bow Systems Inc. (pronounced "cross-bow") is a space technology company that produces cost-effective 3D-printed solid rocket energetics by applying additive manufacturing techniques. The startup also designs and manufactures modular solid rocket motors and small launch vehicles for orbital and suborbital launch services. X-Bow Systems also offer propellers, motors, and full launch services to both government and commercial space customers.In March 2022, X-Bow Systems exited stealth mode and revealed its 3D-printed solid rocket motors. In July 2022, the company successfully launched its modular boost rocket, Bolt, for the first time, carrying a payload for the Department of Energy’s Los Alamos National Laboratory (LANL).X-Bow Systems acquired Spencer Composites Corporation, a manufacturer of composite and metallic structures, in July 2024, receiving key patents and a ~50,000 sq ft manufacturing space to ensure a seamless supply of components for the company’s rocket programs.The company launched its third Bolt rocket featuring the XB-32 motor for the Commercial Mission-1 in&nbsp;<a href="https://sp-edge.com/updates/35222">October 2024</a>.Key customers and partnershipsX-Bow Systems had already secured contracts from the Los Alamos and Sandia National Labs and Defense Research Projects Agency (DARPA) when it emerged from stealth in March 2022.In April 2023, the company entered a 20-year partnership with the Naval Surface Warfare Center Indian Head Division (NSWC IHD) to develop solid propellant rocket systems for commercial and warfighter needs. In the same month, it also received a USD 60 million Strategic Funding Increase (STRATFI) agreement from AFWERX.X-Bow Systems received a three-year contract from the US AFRL in October 2023 to optimize the technology for rocket motor propellants to improve affordability and production speed.

Based in California, OrbitFab focuses on the development of a spacecraft propellant supply chain. Dubbed The Gas Station in Space, the company provides refueling services to spacecraft via depots in LEO, GEO, and cis-lunar orbits.The company has developed what it claims to be the first commercially available in-space fuelling port, the Rapidly Attachable Fluid Transfer Interface (RAFTI) service valve that enables on-orbit refueling of spacecraft, which can also be substituted for existing satellite fill-in and drain valves. In 2021, Orbit Fab launched its first operational fuel depot, Tanker-001 Tenzing aboard SpaceX Falcon 9, which stores a green propellant in sun-synchronous orbit. The company announced that it will provide <a href="https://sp-edge.com/updates/12740">Hydrazine refueling service </a>in orbit beginning in 2025.Key customers and partnershipsIn 2020 the company won a USD 3 million contract from the US Air Force to flight qualify the RAFTI valve which was developed in partnership with US Space Force. The RAFTI provides on-orbit combat logistics for both US Air and Space Force. Orbit Fab was also awarded a grant in the amount of USD 250,000 by National Science Foundation (NSF) to test a docking system for refueling satellites.Orbit Fab has entered into several other commercial partnerships with companies such as Astroscale (January 2022), Benchmark Space Systems (February 2021), Dawn Aerospace (November 2021), Phase Four (January 2022), and Neutron Star Systems (April 2022) to provide orbit refueling services. As of April 2023, the company had at least four fuel shuttle missions set to launch over the next three years, including a trio of defense contracts valued at USD 21 million. The government missions featured SpaceWERX-funded rendezvous and proximity operations, a four-year Defense Innovation Unit (DIU) contract to provide hydrazine refueling services toSpace Force satellites in GEO, and a STRATFI initiative to develop docking depots.

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 Cybereason offers an endpoint security platform that includes next-generation antivirus (NGAV) programs, endpoint detection and response (EDR) tools, anti-ransomware tools, and a platform to centrally manage security policies across company endpoints. The company&rsquo;s endpoint solutions leverage artificial intelligence (AI) and behavioral analysis to identify known and unknown threats and automate response and remediation following a security incident. Cybereason also offers breach protection warranty of up to USD 1 million in the highest tier of its endpoint protection products.
 
 
 In addition to endpoint security, Cybereason&rsquo;s product portfolio includes an extended detection and response (XDR) platform and managed detection and response (MDR) services that provide enterprises with support for 24/7 threat hunting, investigation, and response. In July 2021, Cybereason partnered with Doosan Digital Innovation (DDI), an IT shared services provider of ERP solutions, and cloud data services to protect APAC organizations. The partnership enabled DDI to deliver a suite of operation-centric cybersecurity solutions to enterprise clients through Cybereason&rsquo;s Defense Platform which includes Managed Detection and Response (MDR), Endpoint Detection and Response (EDR), Next-Generation Antivirus (NGAV), anti-ransomware and malware protection. During the same period, Cyderes, a security-as-a-service (SECaaS) company became one of Cybereason&rsquo;s strategic MDR vendors to combine Cybereason&rsquo;s defense platform with its MDR solution for the companies&rsquo; joint consumers.
 
 
 The company&rsquo;s AI-driven technology has protected customers from the recent SolarWinds supply-chain attack, Microsoft Exchange Server attacks, and other ransomware attacks launched by hacker groups such as DarkSide, REvil, and Conti. Cybereason was one of only two cybersecurity firms to be ranked on the CNBC 2021 Disruptor 50 list alongside SentinelOne.
 
 
 In July 2021, Cybereason acquired the 
 <a href="https://sp-edge.com/updates/4384">
 cybersecurity analytics startup empow 
 </a>
 to expand its extended detection and response (XDR) portfolio with empow&rsquo;s patented predictive response technology that enforces proactive threat detection and response for endpoint, network, identity, and application telemetry. The acquisition will also allow Cybereason to integrate with more than 70 IT and security service vendors connected to empow and absorb its product and engineering talent.
 
 
 The company 
 <a href="https://sp-edge.com/updates/10882">
 laid off 
 </a>
 100 employees (~10% of its workforce) in Israel, the US, and Europe in June 2022, as it prioritized profitability over top-line growth owing to the deteriorating tech market. In October 2022, Cybereason 
 <a href="https://sp-edge.com/updates/14071">
 laid off
 </a>
 200 employees (17% of its workforce) which included 50 employees in Israel and 150 employees in the US and Europe.
 
 
 Cybereason filed for a US initial public offering (IPO) in January 2022 and expected to go public during the second half of 2022 at a valuation of over USD 5 billion, but eventually 
 <a href="https://sp-edge.com/updates/14046">
 abandoned its plans
 </a>
 in October 2022.
 
 
 Funding and financials
 
 
 In July 2021, the company 
 <a href="https://sp-edge.com/updates/4287">
 raised USD 275 million 
 </a>
 in a Series F funding round led by Liberty Strategic Capital. This round tripled Cybereason&rsquo;s valuation to USD 3 billion. The round was extended by another USD 50 million raised during October 2021 from Google Cloud. The company expects to use the funding to advance its partnership with Google Cloud. The investment comes on the back of the company&rsquo;s partnership with Google Cloud to develop the automated cloud-native security solution Cybereason XDR powered by Google Chronicle. The solution is designed to provide threat hunting and incident response services to defend against cyberattacks correlated across endpoints, networks, containers, apps, profiles, and cloud infrastructure.
 
 
 Cybereason&rsquo;s valuation stood at USD 2.5 billion, as of October 2022. In 2021, Cybereason generated nearly USD 160 million in annual recurring revenue (ARR), up 33% from USD 120 million in 2020. The company also grew its employee headcount from 500 in the spring of 2020 to 1,100 in November 2021. As of the same date, Cybereason experienced 200% growth in the US, which accounted for 50% of its market share, whereas Japan accounted for 35% of its market.
 
 
 In April 2023, the company secured a 
 <a href="https://sp-edge.com/updates/17502">
 USD 100 million investment
 </a>
 led by SoftBank Corp. The new investment was expected to be deployed towards aiding Cybereason&rsquo;s global expansion efforts along with driving innovation for its extended detection and response (XDR), endpoint detection and response (EDR), and endpoint protection platform (EPP) solutions.
 
</div>

Technologies bringing about a new reality

Extended Reality

Red 6 is a company specializing in AR synthetic air combat training. Its Advanced Tactical Augmented Reality System (ATARS) provides an AR system that offers a realistic training environment for multiple pilots. Applications include practicing formation flying with a virtual wingman, in-flight refueling, carrier landings, dogfights, and evasion of Surface to Air Missiles (SAMs). These maneuvers are challenging, risky, and costly to practice, making Red 6's technology highly valuable for military training. According to the company, this represents the first significant shift in pilot combat training in a century. The technology allows pilots to network with other real planes in the same simulation, with all activities recorded for post-session debriefing.The company's EVE Headset offers a 160-degree field of view (FOV), suitable for outdoor use in full daylight and high-speed environments with a peak brightness of 18,000 nits and 10 ms latency. Red 6's ARCADE system uses VR to create, brief, and debrief training environments experienced through ATARS. This system allows users to define threat environments accurately and conduct post-flight analysis. It combines biometrics, flight data, and user inputs to enhance the efficiency of de-briefing. Red 6's AR technology, combined with its AI-driven multi-player network and biometric feedback loops, can be applied across various industries, including entertainment, sports, and medicine. For instance, in the theme park industry, Red 6's technology can create customized experiences for individual customers. In sports, AR can enhance both player and viewer experiences, enabling live and virtual interactions between players and fans.Notable achievements include the completion of its first AR training mission in June 2022, which allowed multiple pilots to communicate simultaneously in AR alongside the company’s acceptance into the Walt Disney Web3 accelerator.Key customers and partnershipsIn August 2021, Red 6 received a contract worth up to USD 70 million from the US Air Force (USAF).Notable partnerships include that with:- Palantir to integrate Red 6’s tech into the former’s mixed reality platform, Ontology Software Development Kit (OSDK) (March 2024)- BAE Systems to integrate Red 6’s AR helmet into Project OdySSEy (<a href="https://sp-edge.com/updates/24435">November 2023</a>). The company previously signed a memorandum of understanding for the Hawk aircraft trainer program.- United Kingdom’s Royal Air Force (RAF), and the National Security Strategic Investment Fund (NSSIF), the UK Government’s corporate venturing arm for dual-use advanced technologies, to supply AR tech for the UKMFTS, UK’s military flying training ecosystem.- Lockheed Martin and Korea Aerospace Industries to implement Red 6's Advanced Tactical Augmented Reality System (ATARS) into Lockheed Martin’s T-50 fighter jet and Prepar3D software simulation suite (June 2023).- Boeing to integrate ATARS into Boeing T7 fighter trainer aircraft and the F-15EX training system (September 2022).Funding and financialsIn <a href="https://sp-edge.com/updates/19045">June 2023</a>, Red 6 raised USD 70 million in a Series B funding round led by RedBird Capital Partners. Funding was to be used to advance Red 6's proprietary technology for its ATARS.

Data Infrastructure & Analytics

TileDB is the modern database that integrates all data modalities, code and compute in a single product.. As a database system, TileDB adapts its internal structure to optimize advanced applications across life sciences, geospatial research, generative AI, and other data science domains. TileDB is architected around multi-dimensional arrays, a powerful structure that adapts to capture any data modality — from vectors, tables and images, to ML models, 3D point clouds and population genomics datasets. TileDB provides an ecosystem of open-source tools, whereas its commercial product, TIleDB Cloud, offers a secure platform for distributed computations, interactive analysis, collaboration and integrations with a range of TileDB vertical solutions. TileDB was spun out of MIT and Intel Labs in May 2017 and is backed by numerous world class investors.

Climate Risk Analytics

Switzerland-based Meteomatics is a weather intelligence company. The company combines its innovative in-house technology, including Meteodrones and high-resolution weather models, to provide real-time weather data for any location covering nearly 400 customers.Meteomatics' EURO1k platform is stated to be the first and only weather model in Europe with a 1 km resolution. The platform is said to provide more granular data for numerical weather prediction (NWP). The company is also the first developer of autonomous weather drones, “Meteodrones,” which collect data up to an altitude of 6 kilometers. In May 2023, Meteomatics launched its first US meteodrone at North Dakota’s GrandSKY aviation park. The company operates as the first weather drone in the US.Key customers and partnershipsIn July 2022, the company supported Toyota by providing weather data to understand energy consumption of Air Handling Units for buildings and processes. Following Meteomatics’ agreement with Toyota, the former signed up ETH Zurich, an engineering and management university, to conduct cloud seeding with meteodrones. In May 2023, the company collaborated with GrandSKY and TrueWeather Solutions to develop the US's first state-wide weather intelligence service in North Dakota. Later in March 2024, the company partnered with <a href="https://sp-edge.com/updates/27886">NVIDIA </a>to deliver AI-based weather forecasts in minutes instead of hours.Other notable customers include Navily, BKW, Ogre.AI, Stadtwerke Munich, Airbus, Heimdall Power, ABS, Sunflower Labs, Hive Power, ITEC, and OSIsoft.Funding and financialsIn <a href="https://sp-edge.com/updates/26263">February 2024 </a>, Meteomatics secured an undisclosed strategic investment led by Lockheed Martin Ventures. Previously in June 2022, the company raised CHF 13.5 million (USD 14.1 million) in a Series B funding round led by Klima, Alantra’s Energy Transition Fund, in partnership with Enagás, a Spanish gas grid operator. The company was to utilize the proceeds to develop its unique-in-house technology while expanding into new markets and geographic segments.

A new generation for mobile connectivity with 5G and beyond

Next-gen Mobile Networks

Verana Networks is a developer of innovative 5G radio access network (RAN) solutions focused on millimeter wave (mmWave) spectrum. Founded in 2020, the company aims to address the cost challenges associated with deploying 5G networks in mmWave bands. Verana is building a new 5G technology platform from the ground up, with purpose-built, software-defined hardware optimized for dense outdoor small cell deployments.
Verana's solution is centered around a multi-hop Integrated Access and Backhaul (IAB) architecture, where its 5G small cells can provide wireless backhaul to other Verana small cells while simultaneously offering 5G access to smartphones and fixed wireless access (FWA) devices. This scalable, multi-hop IAB approach reduces the need for fiber backhaul links by more than 90%, lowering capital and operational expenditures while increasing flexibility in site selection and accelerating network rollouts.
The company's products include plug-and-play 5G small cells, called Mesh Radios, which provide 360-degree coverage for both access and backhaul. Verana's offerings are compliant with 3GPP and O-RAN specifications. As of April 2022, Verana had raised USD 43 million in venture capital funding across two rounds to commercialize its mmWave 5G RAN technology. In February 2023, Verizon announced a field trial agreement with Verana to test its IAB solution for enhancing the reach of Verizon's 5G Ultra Wideband network.

Conservation Tech

Ocean Aero, a Mississippi-based company, offers TRITON, an autonomous underwater and surface vehicle (AUSV) capable of collecting data above and below the ocean surface and transmitting it to any location. The TRITON can autonomously sail for up to three months using solar and wind power, reaching speeds of up to five knots. It also functions as a submarine, capable of autonomous submersion for periods of up to five days at speeds of five knots. In addition, the TRITON has a low radar and visual signature; its radar cross section disappears at a quarter mile and its color scheme disrupts visual detection at 100 m, enabling autonomous deep dives for evasion and threat avoidance. The company's pre-packaged payloads cover 90% of the applications in the defense, research, and offshore energy sectors. The company offers a purchase model that allows customers to own their fleet of TRITONs, or a company-operated or mission-as-a-service model where Ocean Aero and its global partners manage the number of TRITONs dedicated to a mission. Key customers and partnerships• In March 2023, Ocean Aero partnered with HII to advance the combined capabilities of their unmanned maritime platforms and autonomy software solutions.• In June 2022, Ocean Aero partnered with King Abdullah University of Science and Technology (KAUST) and Shelf Subsea to bring the AUSVs into Saudi Arabia, which aimed to enhance KAUST research of the Red Sea.• As of July 2021, the company’s AUSVs were deployed with the US Department of Defense, Department of Homeland Security, the National Oceanic and Atmospheric Administration, offshore energy companies, and others.

Next-gen Displays

Brelyon is a technology company headquartered in San Mateo, California, that specializes in developing headset-free immersive display technologies. Founded by scientists from MIT and the University of Central Florida, Brelyon introduced its flagship product, Ultra Reality, in January 2022. Ultra Reality is a 120-inch plus curved virtual display that provides panoramic, cinema-scale virtual images with meters of true optical depth, all contained within a small desktop footprint. The technology leverages Brelyon's patented superconic light-field expansion and computational wavefront engineering to create an immersive viewing experience without the need for VR headsets or 3D glasses.
Brelyon's Ultra Reality display features 4K HDR 600 resolution and a 144Hz refresh rate, making it suitable for gaming, e-sports, and productivity applications. The company's approach aims to solve the problem of monocular depth in displays, offering a solution that alleviates eye fatigue and image artifacts for users. In November 2022, Brelyon announced a strategic partnership with ZMicro to develop rugged Ultra Reality displays for deployed military markets, highlighting the technology's potential applications in space-constrained environments like combat vehicles and command centers.
Key customers and partnerships
Brelyon has established partnerships with several prominent companies in various industries. In January 2022, the company announced a collaboration with LG Display to integrate LG's P-OLED technology into Ultra Reality displays, aiming to serve the large-format gaming and productivity sectors. In November 2022, Brelyon partnered with Lockheed Martin to showcase a desktop flight simulator bundle at the I/ITSEC conference, combining Brelyon's Ultra Reality display with Lockheed Martin's F-16 Pilot Training Aid.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Slingshot Aerospace is developing solutions to allow organizations to monitor real-time and maintain their assets in space through a digital landscape. It uses data from multiple sources to provide real-time coordination and predictive assessments for space operators to mitigate risks.The company has several products mainly, 1) Slingshot Beacon which collaborates spaceflight operators in a collision avoidance program that launched in a pilot program in August 2021, 2) Digital Space Twin uses multiple data sources to provide realistic simulations in space, and 3) Slingshot Laboratory is a virtual training program to assist students in astrodynamics and astronautics which the company has collaborated with US Space Force (USSF) to conduct pilot programs.By the end of 2022, the company's Slingshot Beacon platform was utilized by operators representing 63% of all satellite constellations in low-Earth orbit.As of November 2022, the company had made three acquisitions: 1) Numerica Space Domain Awareness (in August 2022) to obtain its proprietary sensors and software, 2) Seradata (in August 2022) to obtain its authoritative database and analytical system and 3) Stellatus Solutions (in August 2021).Key customers and partnershipsThe company’s key customers include NASA, Boeing, Lockheed Martin, the USSF, the US Air Force, and OneWeb. In March 2022, USSF granted a 39-month contract to the company amounting to USD 25.2 million to develop its two products, digital space twin and slingshot laboratory.In June 2024, the company partnered with Defense Advanced Research Projects Agency to develop a new AI system called “Agatha,” which identifies anomalous spacecraft within large-satellite constellations.

Taking commercial activities to new heights

Commercial Drone Tech

Fortem Technologies is a leading provider of airspace security and defense solutions for detecting and neutralizing dangerous drones. Its flagship product, the SkyDome system, combines advanced radar technology, artificial intelligence, and autonomous drone capture capabilities to monitor and protect venues, infrastructures, cities, and regions from rogue drone threats.
The portable SkyDome solution includes the DroneHunter, an AI-driven interceptor drone that autonomously locates and captures hostile drones day and night. It can be rapidly deployed without relying on existing infrastructure or power grids, making it suitable for expeditionary operations. The system's radar operates at high beamwidth and low power, making it challenging to detect through electronic countermeasures.
In May 2022, Fortem Technologies provided the Ukrainian Ministry of Defense with its man-portable SkyDome counter-UAS solutions, including on-site training and support, to combat Russian drone surveillance and attacks during the ongoing conflict. The company has also secured contracts to protect high-profile events like the 2022 FIFA World Cup in Qatar using its SkyDome system.
Key customers and partnerships
In February 2024, Fortem Technologies announced a partnership with INTRA Defense Technologies, a Saudi company specializing in autonomous systems and advanced technologies. This collaboration aims to engineer, manufacture, and market advanced counter-UAS solutions in Saudi Arabia, addressing the escalating drone threats in the region.

Reinventing how computers think based on biological neural networks

Neuromorphic Computing

Lux Semiconductors is a microelectronics company developing advanced chip packaging technology called "System-on-Foil" (SoF). This proprietary process aims to improve microelectronics performance by integrating bare die chips directly onto a thin metal substrate with high-density copper interconnects. The SoF technology offers benefits such as smaller form factors, improved high-frequency performance, superior thermal management, and denser integration compared to traditional printed circuit board approaches.
Lux Semiconductors' technology is particularly suited for millimeter wave and radio frequency communications payloads. It allows for wrapping electronics around aircraft or spacecraft, reducing integration complexity and saving internal volume. The company focuses on system miniaturization as an alternative to transistor miniaturization, addressing the limitations of Moore's Law.
Lux Semiconductors has received over USD 6 million in non-dilutive funding from various government agencies, including the US Air Force, US Space Force, US Department of Energy, and National Science Foundation. The company completed its first prototype and planned to move into a commercial semiconductor fabrication plant in 2023. Lux Semiconductors emphasizes domestic manufacturing to support supply chain security and US semiconductor industry growth.
Key customers and partnerships
Lux Semiconductors has been working with Lockheed Martin Space and other prime contractors to demonstrate the benefits of flexible or conformal electronics packaging. The company has won two Small Business Innovation Research contracts from the Air Force and one from the Space Force. Additionally, NextFlex, a consortium funded by the Air Force Research Laboratory to encourage US manufacturing of flexible hybrid electronics, is funding a company project. In 2023, Lux Semiconductors planned to run prototypes for various customers.

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

Fiddler AI provides a model performance management platform that continuously monitors models with real-time alerts to track model performance, identifying data and prediction drift, data integrity issues, and changes in low-frequency predictions. Fiddler combines explainable AI principles, such as Integrated Gradients and Shapley Values, which includes its award-winning Fiddler SHAP metric, with proprietary methods to provide model explanations and ML model predictions (past, present, and future). It automates the documentation of explainable AI projects and delivers prediction explanations for model governance and model risk management.The platform provides analytics modeling through a set of dashboards, reports, and charts such as partial dependence plots (PDP). It enables users to perform what-if analyses, test new theories and data modeling concepts, and return model predictions with altered inputs. Users can conduct root-cause analysis with predictive modeling techniques to compare features within models and measure data impacts.Fiddler also provides tools, expert guidance, and support toward internal model governance processes. The company provides fairness features such as algorithmic bias detection, intersectional bias detection, model fairness, data set fairness, and fairness metrics including disparate impact, demographic parity, equal opportunity, and group benefit. The company offers its platform through a subscription model.Key customers and partnershipsAs of January 2023, the company served notable customers including Meta AI, AWS, Intel, NVIDIA, In-Q-Tel, and Conjura. Fiddler collaborated with In-Q-Tel, a non-profit strategic investor that expedites the development and deployment of cutting-edge technologies for US government agencies. Through the partnership, it aimed to deliver explainable AI and model monitoring features to enhance the capabilities of the US government agencies.Funding and financialsIn June 2021, the company raised USD 32 million in a Series B funding round led by Insight Partners. The funds were utilized to launch new solutions to mitigate issues such as bias and data drift, increase its customer base, and drive customer education in Responsible AI. In addition, the company received an undisclosed amount of venture funding from Alteryx Ventures and Japan’s Dentsu Ventures in April 2023 and July 2023, respectively.

Building future-ready applications in the cloud

Cloud-native Tech

TileDB is a cloud database startup that offers a versatile and modern solution for handling complex, multi-dimensional data.TileDB's primary offering is its versatile cloud database platform, capable of storing an array of data types such as traditional, genomic, imagery, graphs, key values, and point clouds. It leverages serverless distributed computing to create efficient data pipelines and query algorithms, enhancing productivity and breaking down data silos. TileDB also supports generative AI models by enabling the combination of vector search and ML models, making it valuable for businesses safeguarding GenAI workloads. Additionally, it provides cost savings through reduced software licenses, lower cloud consumption, and streamlined data engineering. The platform excels in delivering fast insights due to its high-performance database.TileDB follows a subscription-based sales model for its cloud database platform.Key customers and partnershipsTileDB supports cloud storage integrations with Amazon S3, Azure Blob Storage, MinIO, HDFS, and Google Cloud Storage, allowing users to move data between these platforms.

Vatn Systems builds affordable autonomous underwater vehicles that act in cooperative swarms.At the core of Vatn's R&D efforts is advanced navigation software that is effective in GPS, vision, and comms compromised environments while reducing hardware costs.

Phoenix offers clients a dependable, safe, and everlasting source for vital microelectronic parts that aren't available through traditional channels because of obsolescence and other supply chain interruptions.

Quantum technology is likely to be as transformational in the 21st century as harnessing electricity was in the 19th. It promises to deliver revolutionary capabilities in computing, communications, and defence. Q-CTRL is building a new quantum technology industry by overcoming the fundamental challenge in the field – hardware error and instability. And as Australia’s first venture-capital-backed quantum technology company, Q-CTRL is delivering jobs and prosperity by leading a global field. Q-CTRL’s quantum control infrastructure software for R&D professionals and quantum computing end users provides a unique capability accelerating the pathway to the first useful quantum computers. This foundational technology underpins Q-CTRL’s development of novel “Software-defined” quantum sensors for defence, intelligence, navigation, and earth observation. Q-CTRL has assembled the world’s foremost team of expert quantum-control engineers, providing solutions to global quantum technology leaders including Universities, National Labs, and quantum technology industry partners. Q-CTRL is an inaugural member of the IBM Quantum Startup network since 2018, and recently announced a partnership with Transport for NSW - delivering its enterprise infrastructure software to transport data scientists exploring quantum computing. Q-CTRL is a World Economic Forum Global Innovator, and is a member of the Quantum Economic Development Consortium, US Geospatial Intelligence Foundation, and the Tech Council of Australia. Q-CTRL is the recipient of Modern Manufacturing Initiative, Moon-to-Mars Supply Chain, and Next Generation Technology Fund awards. Q-CTRL was selected among the Top 10 Most Innovative Tech Companies in Australia by the Australian Financial Review, and has been featured in The Economist, Forbes, Wired, Gizmodo, and more.

Agile Space Industries designs, builds and tests in-space propulsion systems for satellites and spacecraft using state-of-the-art 3D metal alloy printing techniques. They manufacture and test new engine designs in our purpose-built propulsion test facility in Durango, Colorado. They have over a decade of experience testing rocket engines for defense, civil, and commercial programs. Their engineers have worked with industry leaders like SpaceX, NASA, and Rocketdyne.

RunSafe Security is on a mission to immunize software from cyber attacks and disrupt hacker economics without developer friction. RunSafe's patented technology, Alkemist, inoculates customers' systems from an entire class of cyber attacks by stopping the infection at its source. Our customers integrate our product across build and deploy toolchains to protect open source, in-house code, and 3rd party binaries.  Headquartered in McLean, Virginia, with an office in Huntsville, Alabama, RunSafe Security's customers span the critical infrastructure, IIoT, automotive, medical, develops, and national security industries.

H3X Technologies manufactures the lightest electric aircraft propulsion systems in the world to enable sustainable aviation. H3X was founded by Jason Sylvestre, Eric Maciolek, and Max Liben in 2020.

X-Bow Launch Systems is a producer of advanced manufactured solid rocket motors and hypersonic technologies for commercial and government payloads. It offers an end-to-end experience in building, testing, and launching solid rocket motors, using additive manufacturing technology to create customizable, low-cost motors.

Liquid Instruments is the developer of Moku:Lab, a new all-in-one device for professional test and measurement. Moku:Lab couples the signal processing power of an FPGA with high-speed analog inputs and outputs to bring you a new level of flexibility in the lab.

​ HelicitySpace develops critical propulsion and power technology necessary for enabling humanity's expansion into the solar system. Its Helicity Drive technology is a scalable pulsed fusion concept - from fusion-augmented electric propulsion to fully ignited reactors --based on magnetic reconnection, plasma plectonemes, and peristaltic magnetic compression.  It was founded in 2018 and is based in Berkeley, California.

Firestorm is building the future of modular open-source architecture supporting the Department of Defense requirements to create ''Low-Cost, Affordable Mass.''

Elve is a millimeter wave amplifier manufacturing company. They enable fiber like wireless internet links with amplifiers. They offer advanced technologies and manufacturing solutions.

Meteomatics is a company that specializes in the specific IT needs of the weather, energy and trading industries. With more than 10 years of experience in the development of market leading forecasting systems and the rapid processing of weather data, they are happy to assist you with tailor-made solutions.

Launchpad is developing technology that will allow products to be delivered in days rather than months. The company is creating a user-friendly system of advanced software and autonomous hardware that will allow for a streamlined AI-driven digital thread from product CAD to actual product assembly.  Launchpad's digitool is a networked automation solution that can perform a wide range of assembly tasks, such as pick and place, fastening, dispensing, and more, using only a product CAD file. The company's mission to enable manufacturing's future by increasing automation and improving utilization

HawkEye 360 is a data analytics company that develops space-based radio frequency mapping. The company operates a commercial satellite constellation to identify, process, and geolocate a broad set of RF signals. Its products include maritime domain awareness and spectrum mapping and monitoring.

Vayu Robotics is an AI robotics company that develops and commercializes automotive sensing, autonomous vehicles, and robotics technology.

South 8 Technologies, Inc. develops, manufactures and licenses LiGas®, the liquefied gas electrolyte for advanced lithium-ion batteries that solves lithium-ion’s “fire and ice™” problems. South 8’s patented LiGas electrolyte reduces fire risk and operates across a wide temperature range, from -60 to 60 °C. LiGas cells enable clean battery power to benefit more applications, environments, and people. LiGas is also compatible with common battery materials, increases energy, supports fast charging, and is cost effective for battery manufacturers. Headquartered in San Diego, South 8 has introduced its first in a family of LiGas battery cells, Arctic™ LiGas 18650, with new form factors and additional battery chemistries in development. Customers for South 8 products include cell manufacturers through end-users including electric vehicle OEMs, energy storage providers and a host of other applications from the defense industry to aerospace. South 8 has been granted 23 patents across seven countries and jurisdictions. South 8 investors include Anzu Partners, LG Technology Ventures, Shell Ventures, Foothill Ventures, Taiyo Nippon Sanso, Porsche Ventures, and Lockheed Martin Ventures. Learn more: www.south8.com

CalypsoAI is an adaptive AI security platform that empowers enterprises to innovate safely—staying ahead of evolving threats to deliver unmatched protection and performance. As a trusted global leader, CalypsoAI partners with organizations of all sizes to responsibly unlock AI’s full potential. Founded in Silicon Valley in 2018 by the most talented minds in AI, data science and machine learning, CalypsoAI has established key partnerships with some of the world’s largest companies and secured backing from investors including Paladin Capital Group, Lockheed Martin Ventures, Lightspeed Venture Partners, 8VC, Hakluyt Capital and Empros Capital. The company has raised $38.2 million to date.

RED 6 is a creator of ATARS, which allows real pilots in real airplanes to fly and visually maneuver against any synthetically generated enemy in real time. With Red 6’s augmented reality visor, AI-driven multi-player network, and biometric feedback loops, it can deliver an optimized experience in countless industries such as entertainment, sports, and medicine.

Fortify is an advanced manufacturing startup that aims to disrupt additive manufacturing, ushering in a new generation of custom, high-performance products. Fortify has developed a patented process that combines 3D printing and magnetics to create aligned reinforced carbon fiber composites. Magnetics and DLP (digital light processing) are used in Fortify's technology to create bespoke microstructures in high-resolution 3D printed composite products. Engineers can create and print items with optimum material qualities for specific purpose. The application focus of the company varies from injection mold tooling to high-performance end-of-life parts.

Ayar Labs develops a monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency, and power-efficient short-reach interconnects. The company disrupts the traditional performance, cost, and efficiency curves of the semiconductor and computing industries by driving improvement in interconnect bandwidth density at lower power. Its patented approach uses industry-standard cost-effective silicon processing techniques to develop high speed, high density, low power optical-based interconnect “chiplets” and lasers to replace traditional electrical-based I/O. Ayar’s flagship product is a chip called TeraPhy that implements its optical technology on compact silicon die. The chip can be integrated directly into a central processing unit, graphics card, or another processor to give it optical data transmission capabilities. The Emeryville, California-headquartered company was established in 2015 by Alex Wright-Gladstein, Vladimir Stojanovic, Chen Sun, and Mark Wade.

EpiSci develops Tactical AI based trusted, hardware-agnostic, and rapidly portable autonomy solutions for unmanned/uncrewed UxV platforms.

3D Glass Solutions provides customers complete glass-enabled systems integration services using their patented APEX® Glass.  Their mission is to provide our customers with an integrative solution in electronics and IC packaging that allows them to integrate more components onto a single platform while decreasing overall manufacturing costs.

Orbit Fab offers a supply of satellite propellant in Earth Orbit that expands the operational potential of new and existing space assets. It develops the infrastructure needed to grow a thriving in-space market for products and services that support both existing space businesses (communications and Earth observation) and new industries like space tourism, manufacturing, and mining. The future for satellites is no longer restricted to the fuel they are launched with.  Orbit Fab was founded in 2018 by its Co-Founders Daniel Faber and Jeremy Schiel.

Regent develops an electric boat-flying machine for coastal transportation. The company designs and manufactures electric flying machines that will transport commercial passengers. The vehicle, known as a seaglider, is a wing-in-ground-effect craft that operates a few meters above the water's surface and combines an airplane's high speed with a boat's low operating cost.  Seagliders are designed to travel at speeds of up to 180 mph (290 km/h) with a range suitable for regional trips, connecting coastal cities and islands. The company aims to revolutionize regional transportation by creating fast, efficient, and sustainable seagliders that connect coastal communities.

Fortem Technologies is an innovative leader in AI-enabled airspace security and safety. The company provides real-time intrusion detection and detect-and-avoid solutions. Fortem delivers a military-tested, commercially available solution that alerts, identifies and classifies drones and other unmanned aircraft vehicles (UAVs). A Silicon Valley venture funded company that delivers innovative technologies to enable safe autonomous airborne operations, Fortem Technologies’ proven solutions allow organizations to transition their unmanned aircraft operations beyond visual line of sight (BVLOS). The company is privately held and backed by multiple investors.

Lux Semiconductors develops crystalline thin-film semiconductors for flexible integrated circuits.

Machina Labs is a mechanical and industrial engineering and manufacturing firm that utilizes AI and machine learning to automate metal forming and fabrication processes. Its manufacturing platform combines the latest advances in robotics and AI so great ideas can be turned into reality quickly and affordably. It specializes in developing new methods to serve aerospace, automotive, industries, consumers, and defense industries.

Slingshot Aerospace builds space simulation and analytics solutions. Its mission-critical data and analytics solutions give operators the clarity they need to maximize mission success. The company empowers government and commercial space organizations to design, manage, and safeguard their assets, and mitigate risks, to ensure safe and reliable operations for all space-faring users.

Brelyon is a deep tech startup realizing headset-less solutions for immersion in enterprise and metaverse applications. Breylon is introducing the world's first headset free virtual monitor. The experience is like looking through a window at a large IMAX screen on your desk. This allows replacing multi-monitor setups and having to wear headsets in a variety of enterprise and consumer applications.

Antaris is a digital space platform that simplifies the design, simulation, and operation of satellites. It features design tools, digital twinning, open APIs, complete spacecraft software, and a secure space data network with an approach to removing friction in the value chain to help clients reduce cost.

Xona Space Systems creates space systems for the smart transportation and smart infrastructure industries. The company's space systems include a constellation of low-cost low-Earth orbiting satellites that provide clients with navigation for autonomous vehicles, unmanned aerial vehicles (UAVs), mobile robotics, and other location-critical applications. The constellation they are developing is designed to provide secure navigation and timing services with the resilience and accuracy that modern intelligent systems, such as autonomous vehicles and drones, need to operate safely at scale.

CloudNC develops advanced software that enables factories to autonomously manufacture precision parts.  Precision manufacturing is fundamental to every aspect of modern life - without it, there are no cars, aircraft, or ships. No mobile phones or computers. No houses or hospitals, no factories or power plants. No food.  In the modern world, virtually nothing can be made without precision parts.  And yet, the manufacturing industry has been slow to modernize and adopt the innovations that are shaping the future.  CloudNC's mission is to automate manufacturing and create a clean and sustainable industrial revolution that accelerates humanity. They’re building the autonomous factories of the future to make manufacturing 10x more efficient, sustainable and faster than anything today. They’re reimagining manufacturing, making it more efficient and productive than ever before, and opening a unique opportunity for investors to transform a $150bn industry. CloudNC elevates an entire industry and put manufacturing back at the cutting edge.

Alloy Enterprises operates as industry disruptors looking to tackle inefficiencies in conventional manufacturing.  The company is based in Somerville, Massachusetts.

Electra manufactures hybrid electric aircraft. They provide aircraft design, STOL and blown lift technology, and aircraft certification, electric propulsor and acoustic testing, and production services.

Hedron built a network of data satellites. They develop a network of data relay satellites to offer data connection in space. Their imaging satellites generate data that address problems including food and water security, climate change monitoring and mitigation, and disaster mitigation. They provide a series of data-relay nodes that provide connectivity to customer satellites.

TileDB is foundational software designed by scientists for scientific discovery. TileDB structures all data types, including that data that does not fit into relational databases built for structured tabular data. Built on a powerful shape-shifting array database, TileDB handles the complexities of non-traditional “unstructured” multimodal data, such as genomic variants, bulk and single-cell transcriptomics, proteomics, biomedical imaging, as well as the frontier data of the future. Used by science and data teams within big pharma and biotechs to power their multiomic FAIR data platforms, TileDB is the destination for scientific breakthroughs where frontier multimodal data is driving drug discovery.

Edge Case is the trusted risk-management partner for companies building self-driving trucks, autonomous robotaxis, and smarter passenger cars. We help developers and operators measure, manage, and insure the risks posed by software driving in the real world. Our mission is to deliver the promise of safe autonomous mobility. It was founded in 2013 and headquartered in Pittsburgh, Pennsylvania.

Latent AI accelerates AI implementation and workflows for the enterprise cost-effectively anywhere on the edge continuum with Adaptive AI.

Elroy Air is a logistics company that specializes in the fields of logistics, robotics, and air transportation. Its air cargo system features rotor-based vertical takeoff and landing (VTOL) and transitions to wing-based cruise flight for long-range.   It was founded in 2016 and headquartered in San Francisco, California.

Fiddler is a pioneer in enterprise Model Performance Management. Data Science, MLOps, and LOB teams use Fiddler to monitor, explain, analyze, and improve their models and build trust into AI.  The unified environment provides a common language, centralized controls, and actionable insights to operationalize ML/AI with trust. It addresses the unique challenges of building in-house stable and secure MLOps systems at scale.  Unlike observability solutions, Fiddler seamlessly integrates deep XAI and analytics to help you grow into advanced capabilities over time and build a framework for responsible AI practices. F500 organizations use Fiddler across training and production models to accelerate AI time-to-value and scale and increase revenue by connecting predictions to business context (or providing visibility into model performance and behavior).

Lightmatter uses light to create photonic compute chips specialized for AI. Untethered from the limits of Moore’s Law and Dennard Scaling, they’ve rewritten the rules of processor performance scaling by combining electronics, photonics, and new algorithms to create a next-generation computing platform purpose-built for artificial intelligence. Lightmatter is building the engines that will power discoveries, drive progress, and reduce our impact on the planet.

Verana Networks develops an innovative 5G Radio Access Network solution for service providers that have licensed millimeter wave (mmWave) spectrum. The company focuses on enabling 5G in mmWave spectrum because that is where the largest amount of new spectrum is. For 5G to succeed, it must deliver a 10X-50X increase in speed and capacity. Blazing fast speed and an increase in capacity enable new applications, these new applications create incremental revenue, and incremental revenue is essential to support the business case for 5G.

Uhnder is a start-up developing products for sensing, cognition, and communication for the Internet of Things (IoT) market. It is headquartered in California with engineering and operations based in Austin and St. Louis. Uhnder develops a digital automotive radar-on-chip designed to automate systems for safety and better feedback response. Uhnder disrupts the autonomous vehicle business with what it says is a more accurate and reliable alternative to light detection and ranging, known as lidar, which is one of the most common technologies used to make vehicles more aware of their surroundings. Uhnder's chip helps to avoid collisions, alerts to potential problems, helps with quick localization, as electronic fences for navigation and localization and for communication.

Humatics’ breakthrough microlocation system and analytics software comprise a Spatial Intelligence Platform™ that will revolutionize how people and machines locate, navigate and collaborate. A single Humatics system, using simple, inexpensive radio-frequency technology, can pinpoint multiple, moving transponder targets at ranges up to thirty meters with millimeter-scale precision, vastly outperforming existing systems at a fraction of the cost.  These systems can network together to provide broader, ultra-precise positioning coverage – from factory work cells to entire distribution centers and beyond. With its extensible architecture and application programming interfaces (APIs), the Spatial Intelligence Platform™ will power an ecosystem of new position-based products and services.   Humatics was founded in 2015 by Massachusetts Institute of Technology professor David Mindell and technology industry veteran Gary Cohen. Headquartered in Kendall Square, Cambridge, Massachusetts, Humatics has grown to include a world-class team of radar experts, programmers, roboticists, software engineers, and product development leaders.

IONQ develops general-purpose quantum information processors to solve the world’s complex problems. Its unique trapped ion approach combines unmatched physical performance, perfect qubit replication, optical networkability, and highly optimized algorithms to create a quantum computer that is as scalable as it is powerful and that will support a broad array of applications across a variety of industries. It was founded in 2015 and is based in College Park, Maryland.

ABL Space Systems focuses on developing and launching low-cost, reliable rockets designed for small satellite payloads. Their primary launch vehicle is the RS1 rocket, designed to deliver small satellites to orbit cheaply. The RS1 can carry payloads of up to 1,350 kilograms to the Low Earth Orbit (LEO). The company also develops the GS0 ground system, which supports rapid deployment and integration of launch operations at various locations. ABL is headquartered in El Segundo, California, with 30,000 square feet of research, development, and production facilities. ABL is a privately owned corporation backed by a premier group of private equity investors

DeepSig is an early-stage startup that develops deep learning software to reinvent wireless communications. By replacing core wireless technology with deep learning, DeepSig makes communication systems faster, more cost-efficient, more secure, and able to excel in complex environments. It uses machine learning (ML) and artificial intelligence (AI) to learn optimized models directly from data rather than manually designing specialized algorithms, transforming wireless for 5G, IoT, and security.

PV Labs is an established designer and developer of aerial imaging systems used for Intelligence, Surveillance, & Reconnaissance (ISR) applications within various levels of governments and military.

DUST — the Diamond Unclonable Security Tag — is a proprietary technology which utilizes nanodiamonds to create an unclonable identity layer on any object. An optical scanner and cloud-based infrastructure provides an interface to the object identity and provenance. DUST ensures that trusted data and verifiable products are used and traced across their full lifecycle.

Mythic is a diverse group of individuals focused on developing cutting-edge analog matrix processors based on our unique analog compute-in-memory. Their products are the M1076 Analog Matrix Processor, MP10304 Quad-AMP PCIe Card, and MM1076 M.2 M Key Card. They offer AI solutions, from the data center to the edge device.

Tempo Automation is transforming the way companies innovate and bring new electronic products to market. Tempo’s breakthrough, software-automated PCBA manufacturing platform delivers unprecedented speed, quality and transparency at the most critical time in a product’s lifecycle – prototype through new product introduction – when fast iteration and time to market are imperatives. Customers who count on Tempo Automation for this strategic advantage include the leading innovators in aerospace, medical technology, semiconductor, industrial technology, automotive and other key industries.

Ocean Aero is an autonomous underwater and surface vehicle (AUSV) driven by wind and solar energy. It is a development-level company with a highly experienced management team that focused 2004-2011 on developing large, hybrid wind and electric-powered Unmanned Surface Vessel (USV) platforms for the U.S. Navy. That effort produced three patents and a wealth of engineering and market knowledge. Ocean Aero represents the next generation – the creation of highly persistent, energy-scavenging wind/electric vessels packaged in a smaller, man-portable configuration.  The company has designed a “game-changing” highly ruggedized surface/sub-surface vessel, powered by wind and solar energy, capable of months at sea that can be deployed from land, sea, or air. They have named it the “Submarin” – a new class of Unmanned Underwater, Surface Vessel (UUSV). Management plans to follow an aggressive IP technology strategy and, over time, introduce a number of variations of the base platform. The company’s Base Case projections show revenues growing from $420,000 in 2013 to over $20 million in 2016 with a blended gross margin of 52% and cash flow exceeding 33%. The company is seeking funding from a partner with industry knowledge that can help it develop go-to-market channels.

Terran Orbital is an innovator and provider of picosatellites, CubeSats, and nanosatellites. They provide cost-effective end-to-end new space aerospace solutions for enterprises, universities, and government agencies. Three operating groups shape their various business lines.

Peloton Technology was founded in 2011 by a team of Silicon Valley entrepreneurs to address major pain points of today’s trucking fleets – accidents and fuel costs. Peloton's system uses radar and DSRC vehicle-to-vehicle communications to link active safety systems between pairs of trucks, reducing collision-related expenses and fuel costs. The drivers remain fully engaged and retain steering control, while the system controls acceleration and braking similar to adaptive cruise control. The dramatic reduction in aerodynamic drag in these platoons provides substantial improvements in fuel economy for both the trailing and leading trucks: with on-road testing showing average savings of over 7% between the two trucks.

IQ-Analog is a fabless semiconductor company located in San Diego, California that is focused on development of next-generation data converter technologies.  IQ-Analog licenses derivative intellectual property (IP) components for SoC integration.  The company is in development of a new class of configurable data converter components to service the $3B discrete high-speed data converter market.

Vnomics is a software company providing fleet management solutions for load and tractor companies. The Vnomics solution uses a more pro-active approach to fleet management, giving drivers and fleet owners real-time coaching and insight into fleet performance, and delivering immediate savings. With a reputation for innovative technology and extraordinary results, Vnomics’ customer base has expanded across fleets of all sizes and industries, including some of the largest fleet operators in North America It supports all classes of commercial vehicles including trucks, equipment, and light commercial vehicles. Vnomics is committed to being an environmentally conscious company by providing products that may help to reduce fuel usage and carbon emissions. In an effort to support this goal, Vnomics has become an affiliate partner of the SmartWay community. The company's roots in military technology ground the company and product in a can-do, problem-solving mentality shared by truckers.

Cybereason offers endpoint detection and response, next-generation antivirus, and managed monitoring services. The Cybereason platform is powered by a custom-built in-memory graph, the only truly automated hunting engine anywhere. It detects behavioral patterns across every endpoint and surfaces malicious operations in an exceptionally user-friendly interface.

QRA works with global organizations to automate the quality and consistency of engineering requirements. Their software tool QVscribe enables teams to identify risk, errors, and ambiguities before they manifest into late-stage rework, cost-overruns, and recalls.

Newlans has developed the highest Q (Quality Factor) Programmable SOI (Silicon-on-Insulator) capacitor and components for integration into Tunable RFFE (Radio Frequency Front End) solutions. The proliferation of worldwide 4G LTE Bands and the increased deployment of Carrier Aggregation (CA) is forcing Smartphone OEM’s and RFFE Module suppliers to adopt Tunable solutions as a way to break the rigidity of today’s Smartphone RF front-ends while reducing cost, size and optimizing performance. The company was founded in 2003 and is headquartered in Acton, Massachusetts.

Lockheed Martin Ventures is the venture arm of Lockheed Martin Corporation. The mission of Lockheed Martin Ventures is to make strategic investments in companies that are developing disruptive, cutting-edge technologies in core businesses and new markets important to Lockheed Martin. These emerging innovations have the potential to become foundational technologies that solve the complex challenges customers face.

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