Headquartered in Maryland, Lockheed Martin is a global security and aerospace company engaged in the research, design, development and manufacture of advanced technology systems.
Portfolio
4
companies
CloudNC
CloudNC builds software that automates programming for precision manufacturing.
Q5D
Q5D develops robotic cells that automate product electrification and eliminate manual wiring assembly.
SatVu
SatVu provides high-resolution thermal imagery from space for defence and security intelligence.
Satellite Vu
Satellite Vu provides high-resolution thermal imaging from space to monitor global energy efficiency and economic activity.
Chris Moran
vice president and general manager
Chris brings corporate venture capital and general management experience from Lockheed Martin and Applied Materials.
LinkedInThe British Business Bank contributed £5m to the £30m financing alongside several new and existing backers.
"SatVu has created a unique technology at a time of great demand for defence innovation. They have proved the strategic value of their technology so we are pleased to provide the funding that will help them to scale and win further contracts."
The financing round and grant package was co-led by Lockheed Martin Ventures, Chrysalix, and Maven SWIF.
"Our investment in Q5D and its automated electrification technology highlights our dedication to fostering a robust and resilient defense industrial base. Through investments like this one, Lockheed Martin Ventures aims to accelerate the development of next-generation technologies that will enable our customers to stay ahead of emerging threats and maintain a strategic advantage in an increasingly complex security landscape."
The funding round forms part of a wider £20m financing package to accelerate the deployment of the HotSat constellation.
"With the invaluable new support from Adara Ventures, alongside the continued backing of our existing investor network, we’re accelerating our mission to deliver unparalleled thermal insights that empower industries and governments to take decisive climate action. The launch of HotSat-2 and HotSat-3 will bring us closer to a net-zero future by providing the data needed to address the most pressing environmental and energy challenges of our time."
The round was led by Molten Ventures to fund commercialisation ahead of the company's first satellite launch.
"We’re leading SatelliteVu’s funding round as it prepares for its June launch. Their unique technology tackles key climate issues, and we’re impressed with their commercial progress. Their $160m in early commitments is a stellar model of pre-launch sales for deep-tech companies, which other climate-tech firms could emulate."
The Series B round was led by Autodesk with backing from Lockheed Martin and British Patient Capital.
"When people think of manufacturing, they tend to think of robotic car factories, and don’t realise that the industry is dominated by craft processes reliant on dwindling expert knowledge. This makes it incredibly complex to get things made, stifling the pace of innovation,"
