Thursday, October 29, 2020

Slingshot Aerospace Finds $8M More

El Segundo, California- and Austin, Texas-based Slingshot Aerospace, a developer of situational awareness technology that brings together imagery and data from satellites, drones, airplanes, and other sensors, has raised $8M in its Series A funding, the company said this morning. Slingshot Aerospace said the funding was led by ATX Venture Partners, and also included Revolution's Rise of the Rest Seed Fund, Techstars Ventures, and Okapi Venture Capital, along with angel investors Keith Masback (former CEO of the United States Geospatial Intelligence Foundation), Gregory Mead and Marie-Alicia Chang (co-founders of Semetric), and Glenn Degenaars. The company says it has now raised a total of $17.1M in funding. Slingshot Aerospace says the funding will go towards commercialization, enable the company to expand into new industry verticals outside of aerospace and defense, and grow the team. The startup is led by co-foudner and CEO David Godwin.