X-Bow Systems Secures $105 Million Series B Funding for Advanced Defense Technologies
X-Bow Systems, a notable player in the defense sector, has recently announced the successful finalization of its Series B funding round, which raised over $105 million. This significant financial achievement was mainly bolstered by a strategic investment from Lockheed Martin, allowing X-Bow to accelerate its capabilities in producing advanced solid rocket motors (SRMs) and cutting-edge defense technologies.
In a statement, Jason Hundley, the CEO and founder of X-Bow Systems, emphasized the importance of this funding. He noted that the backing from both existing and new venture partners has helped establish X-Bow as a reputable firm focused on 'deep hardware technology.' The funding not only guarantees growth for X-Bow but also enhances its production capacity and innovation efforts, bolstering its status as an independent supplier in the defense industrial base.
Lockheed Martin's vice president, Chris Moran, echoed Hundley’s sentiments, expressing excitement about the investment in X-Bow Systems. He pointed out that this venture aligns perfectly with Lockheed Martin’s strategy to promote innovative technologies for improving national security. This partnership is set to significantly enhance X-Bow's contributions to aerospace and defense.
Prior to this latest funding round, X-Bow Systems had already carved a niche for itself in the defense and aerospace sectors. The company boasted a multi-year backlog for hypersonic component flight tests, showcasing its capacity to support critical Department of Defense (DoD) missions. X-Bow distinguishes itself as the only recent entrant actively engaged in over eight solid rocket motors programs, catering to both strategic and tactical sizes.
One of X-Bow's groundbreaking innovations is its patented Advanced Manufacturing of Solid Propellant (AMSP) system. This technological marvel has undergone over a dozen development iterations, enabling the company to print and produce both tactical and strategic sized SRM energetic grains. Additionally, X-Bow is pioneering the globally unique 'mobile energetics factory,' known as the Rocket Factory in a Box™, which allows for rapidly deployable energetics production tailored for defense applications.
The company's ambitious expansion plans don't end there. A new Texas energetics campus is set to open just south of Austin, utilizing the innovative AMSP technology to bolster production capabilities further. This facility promises an affordable and sustainable approach to SRM production, providing the DoD and other clients with the speed and scale necessary to counter evolving global threats. The recently closed funding round saw participation from various notable investors, including Razor's Edge Ventures, Crosslink Capital, and Boeing Ventures, among others.
Union Square Advisors LLC acted as exclusive financial advisor to X-Bow Systems during this financing transaction, indicating the significant interest and confidence in X-Bow's forward-looking strategies.
Headquartered in Albuquerque, New Mexico, X-Bow Systems specializes in producing advanced manufactured energetics for the solid rocket motor and launch vehicle market. With its commitment to innovation, X-Bow is actively developing a range of modular solid rocket motors and small launch vehicles, serving both orbital and suborbital launch services. Under the leadership of seasoned executives and backed by prestigious investors, X-Bow Systems is poised to reshape the future of aerospace and defense technologies everywhere.
For more information about X-Bow Systems and its revolutionary technologies, visit the company website at XBowSystems.com.
In a statement, Jason Hundley, the CEO and founder of X-Bow Systems, emphasized the importance of this funding. He noted that the backing from both existing and new venture partners has helped establish X-Bow as a reputable firm focused on 'deep hardware technology.' The funding not only guarantees growth for X-Bow but also enhances its production capacity and innovation efforts, bolstering its status as an independent supplier in the defense industrial base.
Lockheed Martin's vice president, Chris Moran, echoed Hundley’s sentiments, expressing excitement about the investment in X-Bow Systems. He pointed out that this venture aligns perfectly with Lockheed Martin’s strategy to promote innovative technologies for improving national security. This partnership is set to significantly enhance X-Bow's contributions to aerospace and defense.
Prior to this latest funding round, X-Bow Systems had already carved a niche for itself in the defense and aerospace sectors. The company boasted a multi-year backlog for hypersonic component flight tests, showcasing its capacity to support critical Department of Defense (DoD) missions. X-Bow distinguishes itself as the only recent entrant actively engaged in over eight solid rocket motors programs, catering to both strategic and tactical sizes.
One of X-Bow's groundbreaking innovations is its patented Advanced Manufacturing of Solid Propellant (AMSP) system. This technological marvel has undergone over a dozen development iterations, enabling the company to print and produce both tactical and strategic sized SRM energetic grains. Additionally, X-Bow is pioneering the globally unique 'mobile energetics factory,' known as the Rocket Factory in a Box™, which allows for rapidly deployable energetics production tailored for defense applications.
The company's ambitious expansion plans don't end there. A new Texas energetics campus is set to open just south of Austin, utilizing the innovative AMSP technology to bolster production capabilities further. This facility promises an affordable and sustainable approach to SRM production, providing the DoD and other clients with the speed and scale necessary to counter evolving global threats. The recently closed funding round saw participation from various notable investors, including Razor's Edge Ventures, Crosslink Capital, and Boeing Ventures, among others.
Union Square Advisors LLC acted as exclusive financial advisor to X-Bow Systems during this financing transaction, indicating the significant interest and confidence in X-Bow's forward-looking strategies.
Headquartered in Albuquerque, New Mexico, X-Bow Systems specializes in producing advanced manufactured energetics for the solid rocket motor and launch vehicle market. With its commitment to innovation, X-Bow is actively developing a range of modular solid rocket motors and small launch vehicles, serving both orbital and suborbital launch services. Under the leadership of seasoned executives and backed by prestigious investors, X-Bow Systems is poised to reshape the future of aerospace and defense technologies everywhere.
For more information about X-Bow Systems and its revolutionary technologies, visit the company website at XBowSystems.com.
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