X-Bow Systems Announces Final Closing of Over $105 Million Series B Funding to Deliver State-of-the-Art Defense Technologies at Speed and Scale
Summary
"We have built a highly respected deep hardware technology company with the current Series A and B investments from our venture partners," said Jason Hundley, chief executive officer and founder of X-Bow Systems. ""We are pleased to continue our investment in X-Bow Systems, a company developing SRM technology that aligns with our strategy to support innovative solutions that enhance our nations security," said Chris Moran, vice president and general manager of Lockheed Martin Ventures. "Prior to this Series B raise, X-Bow established itself as a leader and innovator in the defense and aerospace sectors, demonstrated by: Successful Launch Services: A multi-year backlog in hypersonic component flight tests and other critical DoD mission capabilities. Technology Disruption: Utilizes a patented Advanced Manufacturing of Solid Propellant (AMSP) system with over 12 development iterations, capable of printing and flying both tactical and strategic size SRM energetic grains. X-Bow is led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen Gannon, General Counsel John Leary, COO Mike Bender, CFO Hector Fernandez and a growing team of seasoned industry veterans and new space entrepreneurs.