Firestorm Labs, a California-based Unmanned Aerial System (UAS) producer that’s main the cost in expeditionary additive manufacturing has introduced $12.5M in seed funding by Lockheed Martin Ventures and outstanding protection traders.
“Firestorm is happy to announce this newest spherical of funding that can propel the corporate ahead to form the quickly evolving wants of a UAS-dominated battlefield and a protection industrial base ripe for revolutionary manufacturing fashions,” stated CEO Dan Magy. . “Our traders perceive the urgent want for delivering applied sciences rapidly and with the interoperability that at this time’s warfighters demand, and we’re thrilled to welcome Lockheed Martin Ventures partnership on this mission.” Bringing best-in-class engineering capabilities from the industrial superior manufacturing house, Firestorm’s xCell line permits for its proprietary, 3D-printed, interconnected, and interchangeable airframe part expertise to be manufactured on the edge, an strategy that can essentially change the character of warfare for america, its companions, and its allies.
Lockheed Martin, Decisive Level, Silent Ventures, 645 Ventures, Overmatch VC, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Past Capital, and RedCat are among the many notable names who’ve invested in Firestorm.
“We’re a brand new strategy to an rising world problem,” stated Chad McCoy, Co-Founder and Chief Technique Officer. “There’s a clear want throughout the protection expertise sector to construct sooner and less expensive techniques, and easily throwing cash on the concern gained’t change the end result. We discovered that coalescing a deep operational understanding of warfighter wants, mixed with aerospace pragmatism, and a brand new speedy manufacturing mannequin, permits us to face out in a really crowded market. The objective is to create a very new class that shakes up legacy timelines and price.”
Firestorm has already gained a variety of U.S. Division of Protection contracts each for its modular UAS and the xCell manufacturing product line. This new capital will allow Firestorm to scale its workforce and manufacturing to satisfy rising calls for for its merchandise.
About Firestorm
Firestorm is constructing the way forward for modular, open-architecture unmanned aerial techniques, supporting the warfighter’s wants. Firestorm meets the wants of a altering operational surroundings, the place conventional “manned” options will not be accessible. “Self-supported” is a brand new actuality, and platforms should fill many extra mission areas than typical UASs: ISR, EW/SI, and Kinetic options combine seamlessly right into a smooth, low-cost system that 3D prints in below 9 hours.
Study extra at http://www.launchfirestorm.com
