Shield Capital has announced the final closing of its inaugural fund focused on early-stage venture capital investments. Upon its closing, Shield Capital Fund I, L.P. was oversubscribed at 55 percent above target and had obtained $186 million in capital commitments from institutional and private investors, Shield Capital said.

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Michael Brown, a previous Wash100 awardee who used to lead the Department of Defense’s innovation arm, was appointed as full-time partner at Shield Capital after serving as venture partner at the private equity firm since October 2022. He brings to the role his deep understanding of the firm’s artificial intelligence, autonomy, cybersecurity and space investments and his […] More

Shield Capital has launched its first venture capital fund to support startups that are developing technologies for national security and commercial customers. The venture capital firm said Tuesday it exceeded the $120 million fund goal for Shield Capital Fund I. Shield Capital’s investment strategy is focused on early-stage companies working on technologies in artificial intelligence, […] More

Enlightenment Capital has made a strategic investment in Ridgeline International. The aerospace, defense, government and technology investment firm said Thursday that Ridgeline is a provider of intelligence and cyber technology solutions for the intelligence community and Department of Defense customers.

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The Capital Group, a subsidiary of insurance distributor BRP Group, has created a unit with the goal of helping government contracting companies implement health care plans and programs for employees. GovCon Health group seeks to work with vendors serving the federal market to help them simplify the delivery of medical insurance benefits to their workforce, […] More

Shield AI has secured $210 million in equity financing as part of Series D funding round led by Austin, Texas-based technology investor Disruptive and will use the funds to invest in artificial intelligence capabilities for military aircraft and advance growth initiatives across defense and commercial sectors. “The funding round enables Shield AI to move one […] More

Defense technology company Shield AI has secured $90 million in a round of Series C equity and debt financing led by venture capital firm Point72 Ventures. The company will use the funds to further integrate into additional defense platforms its self-driving software, called Hivemind.

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Booz Allen Hamilton’s venture capital arm has invested in space company Albedo to accelerate the delivery of space data and other capabilities to federal government and commercial clients and support the deployment of the latter’s satellite constellation. Albedo builds very low Earth orbit satellites designed to collect ultra-high resolution thermal imagery to help customers in […] More

A group of 12 defense technology companies and venture capital firms provided the Department of Defense with four recommendations to reform acquisition, make revisions to specific planning, programming, budgeting and execution structures and address challenges to innovation. In a Friday letter to Defense Secretary and 2023 Wash100 awardee Lloyd Austin, the companies said they endorse […] More

Vannevar Labs, a developer of defense and national security technologies, has raised $75 million in a series B funding round led by Felicis and backed by venture capital firms, and will use the fresh capital to advance its Decrypt software platform. Decrypt is designed to help military and government customers understand foreign actors and has […] More

Seventeen companies and the National Security Space Association have forged an alliance to fundraise for humanitarian aid and relief efforts to help people in Ukraine amid Russia’s invasion. The Space Industry for Ukraine consortium said Tuesday it has raised almost $1 million to date and aims to deploy medical and food supplies, mobile refugee clinics […] More

HawkEye 360 has generated $55 million from a Series C fundraising round, led by venture capital firm Night Dragon, to seed radio frequency sensing satellite development and deployment. The new capital, which brings HawkEye 360's total funds raised to more than $155 million, will be used to build nine additional satellites in three clusters for RF data collection and analytics work, the company said Monday.

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