Matthew Nelson
Slingshot Aerospace, which is developing geospatial intelligence and space situational awareness technology platforms, brought in $5M in a funding round that was led by ATX Venture Partners and included Revolution's Rise of the Rest Seed Fund.
The money will fund Slingshot's product development and hiring of finance, business development and software engineering or data science professionals, the company said Wednesday.
Other participants in the investment round were Okapi Capital, Techstars Ventures, Stage Venture Partners and Sway Ventures.
“In bringing together disparate signals and using deep learning to speed up time-sensitive detections, both terrestrial and in orbit, we are continually discovering new ways to predict the unexpected and empower our commercial and defense customers with advanced analytics,†said Melanie Stricklan, co-founder and chief security officer of Slingshot.
The Austin, Texas-based company has raised $9.1M to date and cited BAE Systems, Boeing, the U.S. Air Force and NASA as customers.
Slingshot also announced the appointment of Tom Inman as vice president of finance and Dean Teffer as VP of technology.
