Fortify announced today that it has received a ‘strategic investment’ from Lockheed Martin VenturesVenture capital arm of The Lockheed Martin Corporation.
The funds will be used to support the development of materials and processes for additive manufacturing of radio frequency devices (RF).
“Lockheed Martin develops and invests in critical, breakthrough technologies to help our customer solve what the future holds,” said Chris Moran, Vice President and General Manager of Lockheed Martin Ventures. “Lockheed Martin has been working closely with the Fortify platform, and we are excited to be on their team of investors.”
Lawrence Ganti, who was recently appointed Fortify CEO, said: “The high frequency communication space around RF is exploding with growth. This growth isn’t just in aerospace but also commercial 5G, satellite communication, autonomous vehicle sensors and IoT. Fortify is thrilled to welcome Lockheed Martin Ventures as a strategic investor.”
Fortify’s Digital Composite Manufacturing (DCM) platform enables the manufacturing of complex structures with unique mechanical, electrical, thermal and electromagnetic properties according to the company. Fortify is used by Lockheed Martin Corporation business units in aeronautics (RMS), missiles, fire control (MFC), space and other areas.
“Lockheed Martin has been a great partner and is continuing to accelerate Fortify’s growth into the advanced RF and electronics applications segment,” said Josh Martin, Chief Product Officer and co-founder at Fortify. “The ventures team and the technical fellows have been helpful in direct feedback on how we can effectively navigate the A&D sector. The programs we have executed on have directly influenced our product development through specific materials qualification and functional part testing.”
Fortify investors are now included In-Q-Tel, (IQT), Department of Energy (DoE), Accel Partners, Cota Capital, Neotribe, Prelude Ventures, MainspringAnd OceanAzul.
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