Mary-Louise Hoffman
Boeing‘s HorizonX Ventures organization has invested in Agylstor through a Series A funding round to help the latter company further develop a ruggedized computing platform designed to store, process and secure data.
Agylstor said Wednesday its technology supports storage and transfer of information for infrastructure mapping, geoscience and aerospace applications such as autonomous and piloted systems.
Rick Carlson, CEO of Agylstor, noted the company will use the investment from Boeing’s venture capital arm to finance research, development and commercialization efforts.
Brian Schettler, managing director at Boeing HorizonX Ventures, said the aerospace firm invests in non-traditional industry segments in a push to create value for customers.
California-based Agylstor previously received private financing and support from other investors that include Amazon Web Services.
