This space startup co-founded by Bridgit Mendler, the former actress-turned entrepreneur, is pushing a smaller-form alternative array to traditional means as a way to scale out ground infrastructure.
The government contractor and venture capital firm alike are looking to expand their networks through this capital infusion as well as a related tech partnership pact.
This will be Leidos' largest purchase since 2016 and doubles its energy business. As Leidos' homeland security unit president told us, artificial intelligence helping to drive a trillion-dollar grid modernization push as computing power needs grow.
CargoSeer designed its AI Shipment Inspection Platform to combine automated image analysis, computer vision and machine learning techniques with trade and cargo data.
Merlin Ventures, Northrop Grumman and the venture investment arm of RTX feature in this roundup of startup activity that is relevant to the government landscape.
Parsons is adding 600 employees through this transaction, which also further grows the company's presence across intelligence programs and the Indo-Pacific region.
In a first-of-its-kind partnership, the Defense Department is taking a $1 billion stake in the business ahead of an initial public offering later this year.
Two firms highlighted in this summary of venture activity in the market describe their plans for investing in more businesses, while a manufacturing startup takes the next step in its “factories-as-a-service” strategy.
