Category: Lockheed Martin
Latent AI, which says it can compress common AI models by 10x, lands some key backing
Roughly a year ago, Latent AI, a now three-year-old, Menlo Park, Ca.-based startup, pitched a handful of investors during TechCrunch’s Battlefield competition. It didn’t win that contest, but that hasn’t kept it from winning the interest of investors elsewhere. It just closed on $19 million in Series A funding in…
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Sorbet raises $6M Seed led by Viola Ventures to tackle the thorny financials of Paid Time Off
A US/Israeli startup, Sorbet — which is tackling what companies do with the financial risks as employees accrue Paid Time Off (PTO) — has raised $6 million in a Seed funding round led by Viola Ventures, with participation by Global Founders Capital, Meron Capital. The economics of Paid Time Off…
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Amazon taps ULA as first launch provider for Project Kuiper satellite constellation
Amazon’s Project Kuiper satellite constellation is one step closer to actually making it to space: The company announced it has secured an agreement with the United Launch Alliance (ULA) to fly its satellites on nine Atlas V rocket launches. Amazon intends to use multiple launch providers and spacecraft to ultimately…
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SpaceX wins NASA contract to develop human landing system for returning to the moon
The winner of NASA’s Human Landing System (HLS) contract award is SpaceX, which bid $2.9 billion for the privilege of developing the means by which NASA astronauts will return to the lunar surface for the first time since the Apollo program. SpaceX was in the running alongside Blue Origin and…
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Relativity Space raises $500 million as its sets sights on the industrialization of Mars
3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital,…
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DARPA’s hypersonic weapons move closer to free-flight testing
According to DARPA, it’s on track to perform “free-flight testing” for two variants of the Hypersonic Air-breathing Weapon Concept (HAWC) later this year. Travelling at speeds of Mach 5 and above, they could be capable of reaching anywhere on the glo… Source
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