Press Releases

Artificial intelligence company Databricks is working to raise $10 billion in non-dilutive financing from its Series J funding round led by Thrive Capital, co-led by multiple organizations including Andreessen Horowitz and participated in by Ontario Teachers’ Pension Plan, plus a new investor group that includes ICONIQ Growth and Wellington Management. Databricks said Tuesday that it […] More

Defense technology company Parry Labs raised $80 million in growth capital from its first institutional investment round. Capitol Meridian Partners led the investor group, joined by True Ventures, 3Wire Partners and Teamworthy Ventures, Parry Labs said Wednesday. John Parkes, co-founder and CEO of Parry Labs, said, “The Parry team is leading the way defense customers can leverage digital engineering and […] More

Austal USA held a ribbon-cutting ceremony for its expanded research center at the Austal USA Advanced Technologies facility in Charlottesville, Virginia. The company said Monday that it had increased the facility’s size by 10,000 square feet, allowing the research center to accommodate equipment for Industry 4.0 application development. Michelle Kruger, Austal USA president, said, “The […] More

X-Bow Systems announced completing the preliminary design review for the Large Solid Rocket Motor, or LSRM, program on time and passing the PDR for its hypersonic booster contract. Mark Kaufman, co-founder of X-Bow Systems and concurrent LSRM executive vice president, said in a news release Tuesday, “It’s exciting to see the character of our motor […] More

Edge Autonomy, a provider of uncrewed autonomous systems, hosted an event at its Huntsville, Alabama, facility to mark the expansion of services at that site. Because of the increasing demand for its products and services, the company said Monday that it plans to double the size of the facility and increase production capacity in the […] More

Auterion, the builder of software-defined computing platforms for drones and autonomous systems, has completed the transfer of its corporate headquarters from Moorpark in South California to Arlington, Virginia, a move that brings the company closer to private and public sector clients, particularly federal agencies and defense-related customers. In a press release Wednesday, Lorenz Meier, CEO of Auterion, said, "Being physically closer to our customers allows us to provide more responsive support and collaborate more effectively."

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Citizant, a business and IT products and services provider to the U.S. government, has promoted Pamela Schoppert, formerly the company’s vice president of human experience and quality, to chief people officer. In a press release Tuesday, Alba Aleman, CEO of Citizant, said, “Pam Schoppert embodies our ‘palms-up’ philosophy of giving and teaches the importance of […] More

American Systems, a provider of information engineering services to federal customers, has announced that programs under its operations/support and strategic solutions have been appraised at Capability Maturity Model Integration Maturity Level 3, or the “defined” level, for development and services by API Process Improvements.  John Steckel, president and CEO of American Systems, said in a […] More

Charles Stark Draper Laboratory, a non-profit research and development organization, announced the opening of a new engineering and operations campus in Clearfield, Utah. Draper said Tuesday that the new campus will serve aerospace and defense customers and enhance support for the Air Force Nuclear Weapons Center at Hill Air Force Base and other Department of […] More