Mpower Technology adds Lockheeds venture arm to its investor network

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Mpower Technology added Lockheed Martin Ventures to its investor network, increasing its Series B raise to about $24 million. The company will use the capital to scale production of its DragonSCALES module for solar power in space. The module aims to provide a lower-cost alternative to traditional solar cells used in spacecraft. Lockheed Martin says the technology supports future space operations and national security priorities. Mpower is a Sandia National Laboratories spinout founded in 2015.

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