Lockheed Martin on Monday announced it has doubled its venture capital fund from $200 million to $400 million.
Lockheed Martin Ventures will use the increased funds to continue to accelerate future defense innovation through investment in start-up technology companies.
The company's portfolio leverage the latest disruptive, cutting-edge technologies in core businesses and new markets important to Lockheed Martin. Since 2007, the ventures fund has invested in more than 70 startup companies whose emerging innovations have the potential to become foundational technologies that help solve the complex challenges faced by our customers.
“In 2021 alone, Lockheed Martin Ventures screened more than 1,000 start-up companies that are leading advancements in the areas such as artificial intelligence, autonomy and robotics, cyber security, and quantum computing,” said Chris Moran, vice president and general manager, Lockheed Martin Ventures. “
Year to date, the ventures fund has already invested in 11 new technology companies focused on areas of interest to Lockheed Martin such as sensor technology, quantum computing, advanced manufacturing, and space services.
In 2021, the fund had numerous successful exits, including:
- Aeva, which produces sensors to help autonomous vehicles get a multidimensional view of the road.
- IonQ, which focuses on quantum computing using trapped ion technology.
- Terran Orbital Al, which is industrializing small satellite production and building the world's most advanced earth observation constellation.