EMERGING TECH

Lockheed venture arm spreads its wings overseas

Lockheed Martin’s venture capital arm focused on emerging technologies has made its first investment outside the United States in Main Sequence Ventures, itself another emerging technology investment fund that is just a year old.

Australia-based Main Sequence Ventures said Wednesday it closed an almost $232 million fund with Lockheed Martin Ventures among several backers that included Australia’s government, a fund backed by Sinagpore’s government, CSIRO and the University of Melbourne. Shortly after launch, Main Sequence Ventures closed an initial $100 million fund.

Main Sequence Venture's goal is to invest in companies focused on satellite sensor networks, autonomous vehicles, quantum computing and digital health care. So far it has made 12 deals.

Satellites, sensors and autonomous technologies are three primary areas of interest for Lockheed’s venture arm after it refocused two years ago to concentrate on emerging technologies the company views as disruptive to industry and customers.

Lockheed doubled the size of the venture fund to $200 million in June.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.