Slingshot Aerospace Receives $8M in Series A Funding
Slingshot Aerospace raised $8 million in Series A funding, the company revealed Oct. 29, bringing its total funding to $17.1 million. This round was led by by ATX Venture Partners, with additional investments from Revolution’s Rise of the Rest Seed Fund, Techstars Ventures, and Okapi Venture Capital. Angel investors that participated in the round include former CEO of the United States Geospatial Intelligence Foundation and current principal consultant for Plum Run Keith Masback; Semetric co-founders Gregory Mead and Marie-Alicia Chang; and Glenn Degenaars, who was recognized as a Top Wealth Advisor for 2020 by Forbes.
Slingshot Aerospace focuses on creating situational awareness technologies to provide solutions to navigate, analyze, and leverage data from Earth and space. Funding will be used to further develop products for commercialization, enable the company to expand into new industry verticals outside of aerospace and defense, and grow the team.
Slingshot Aerospace was founded in 2017, and has signed contracts with NASA, the U.S. Air Force, BAE Systems, Boeing, Northrop Grumman, and more. The company is currently working with the U.S. Space Force to create Slingshot Orbital Laboratory, and has partnered with the U.S. Air Force on two contracts to develop Slingshot Edge and another solution for the military branch’s Base of the Future initiative.
“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,” said David Godwin, co-founder and CEO of Slingshot Aerospace. “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.”