Slingshot Aerospace announced last week that it has raised $8 million in funding.
ATX Venture Partners led the Series A round. To date, Slingshot Aerospace has raised $17.1 million.
Other investors in the round include Revolution’s Rise of the RestSeed Fund, Techstars Ventures, and Okapi Venture Capital and several angel investors.
“Slingshot Aerospace is providing government and commercial customers a high-impact return on investment through its innovative situational intelligence technologies,” Chris Shonk, Co-Founder and Partner, ATX Venture Partners, said in a news release. “There is no doubt Slingshot Aerospace will continue to experience high growth as the company has only scratched the surface in terms of customer acquisition and industry use across verticals.”
Slingshot Aerospace’s products include Orbital Atlas, a space situational awareness platform; Earth Portal, a geospatial visualization portal; and N2X, an edge-AI framework for drones and spacecraft.
The company plans to use the funds raised to further develop its products and to expand into new markets outside of aerospace and defense and to hire additional employees.
“The funds we raise enable us to continue developing our innovative technology, bringing us one step closer to creating a safer and more sustainable world,” David Godwin, Co-Founder and CEO, Slingshot Aerospace, said in a news release. “By providing users with the right data, at the right time, all in one place, we are giving users the tools they need to make faster, better-informed decisions so they can protect and improve our way of life.”
Slingshot Aerospace’s customers include NASA, United States Air Force, BAE Systems, Boeing, Northrup Grumman and others.
The company is currently working with the United States Space Force to create Slingshot Orbital Laboratory, and has partnered with the United States Air Force on two contracts to develop Slingshot Edge and another solution for the military branch’s Base of the Future initiative.
