Raytheon Technologies invested in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.
Joining Hermeus’ previously announced $100 million Series B financing round, RTX Ventures’ investment in the company will directly support the buildout of its first aircraft, Quarterhorse, and accelerate development of its next aircraft, Darkhorse.
RTX Ventures makes strategic investments in early-stage companies, accelerating the development of transformational aerospace and defense technologies. Beyond just making investments, RTX Ventures leverages the strengths of the broader Raytheon Technologies organization to support successful growth in its portfolio companies.
“Hypersonic technologies are of critical importance to national security, which is why we made our first investment in a company with such a bold plan and vision in this space,” said Daniel Ateya, managing director of RTX Ventures. “Hermeus’ technical approach and business plan balances near-term defense applications with long-term commercial aspirations and will help our customers reimagine the possibilities of hypersonic technologies.”
“Hypersonic aircraft will radically accelerate air travel and enable the United States to address critical national security challenges,” said AJ Piplica, CEO at Hermeus. “Speed is our lifeblood at Hermeus, and I’ve been impressed with the ability of the team at RTX Ventures to embody that virtue. We look forward to expanding collaboration and continued acceleration of our vision for a faster future.”
RTX Ventures focuses on supporting companies developing technologies that are strategically aligned to the Raytheon Technologies portfolio, with an emphasis on four broad priority areas: secure and connected ecosystems, autonomy and artificial intelligence technologies, power and propulsion systems, and precision sensing and effects.
Contract Opportunities to Watch
Accenture Federal Services
Accenture Federal Services just landed a $175 million multi-award IDIQ contract to perform crowdsourcing and other crowd-based solution delivery initiatives for the National Aeronautics and Space Administration (NASA).
Through NASA’s Open Innovation Services 2 contract (NOIS2), the agency has been highly successful at scaling crowd-based solutions to meet project delivery goals within NASA and among other federal agencies. Under the NOIS2 contract, AFS has the opportunity to support the agency in tapping into additional methodologies and engaging new partners to scale NASA’s innovative crowdsourcing capabilities.
“Federal agencies often have a backlog of challenges that can be best addressed by tapping into the expertise of a network of best-fit industry leaders,” said Rod Adkins, Accenture Federal Services Lead Technical Advisor to NASA. “We are thrilled to help NASA leverage innovative methodologies, including fit-for-purpose crowd-based challenges and competitions, to deliver its mission-critical products and services.”
The length of the NOIS2 crowdsourcing support services contract is three years.
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Axiologic Solutions LLC, a leader in federal IT solutions specializing in serving the nation’s national security and intelligence missions, has acquired Tysons, VA-based intelligence technology services firm Data Intelligence Technologies, which specializes in data science, cybersecurity, and artificial intelligence. Data Intelligence Technologies is the second acquisition for Axiologic in less than 18 months, expanding the company’s customer base in the national security environment.
“We are incredibly excited to have Data Intelligence Technologies join the Axiologic family,” said Tom Stauber, co-founder and managing partner at Axiologic Solutions. “This acquisition is another critical step in our strategic growth journey. We’re driving Axiologic’s intelligence community solutions platform forward by adding capabilities and experts to provide more comprehensive support to organizations across the national security community.”
For over a decade, Data Intelligence Technologies has delivered “all things data” to advance technologies and support the mission of organizations in the commercial sector, federal civilian agencies, the Department of Defense and the U.S. intelligence community. The firm broadens Axiologic’s already strong advanced technology expertise, bringing extraordinary past performance success in high-demand technology capabilities areas such as 5G, SIGNT, RF, analytics and visualization, AI and machine learning, and software development.
“By creating an even stronger company, we’ll be able to provide unique professional opportunities for our highly talented team,” said Michael Chavira, co-founder and managing partner of Axiologic Solutions. “This will allow us to continue to grow as leading innovators providing the advanced engineering-, cybersecurity- and technology-focused solutions that are essential to the intelligence and defense communities. Our ultimate goal is to help protect and defend our people, our infrastructure and our nation against any threat.”
Data Intelligence Technologies uses Blur Search Technologies as an innovative platform to design, develop and create unique customer products and applications to support rapid search, high-speed indexing and complete data retrieval in support of the customer’s mission.
“The Data Intelligence Technologies team shares our entrepreneurial mindset, highly analytical and disciplined approach, core values, and deep commitment to ensuring our nation’s security,” said Andy Baratta, president of Axiologic Solutions. “With the added subject-matter expertise, the enhanced capabilities and increased IC footprint that Data Intelligence Technologies brings to Axiologic, together we will be empowered to compete in the intelligence space on all levels.” Axiologic was supported in the transaction by Rees Broome, Pipaya and Atlantic Union Bank, while Data Intelligence Technologies was represented by DLA Piper and Monument Capital Partners.