Author: Celine Wright|| Date Published: June 5, 2023
Red 6 has raised $70 million in a Series B funding round meant to help the augmented reality startup to continue investing in its proprietary technology for a combat pilot training system.
The Orlando, Florida-based startup intends to use the new capital to expand applications of the Advanced Tactical Augmented Reality System.
ATARS is designed for pilots and ground personnel to learn about aircraft operations in a simulated outdoor environment.
“I firmly believe that to revolutionize the defense industrial base in our country, there is an increasing interdependence between the Department of Defense, the entrepreneur and private capital,” said Daniel Robinson, founder and CEO of Red 6.
The Florida Opportunity Fund, which backs emerging companies in the state, and the U.K. government’s National Security Strategic Investment Fund also contributed to the funding round.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
