Mon. Aug 8th, 2022

X-Bow Systems Raises $ 27M in Series A Funding

X-Bow Systems Inc., an Albuquerque, NM-based space technology company applying additive manufacturing techniques to the production of solid rocket energetics, closed a $27m Series A funding round.

The round was co-led by Crosslink Capital and Razor’s Edge Ventures, with participation from Lockheed Martin Ventures and Broom Ventures.

The company intends to use the funds to further accelerate customer support, grow the team, and invest in the next generation of product offerings.

Led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CFO Yasmin Seyal, CRO Maureen Gannon, General Counsel John Leary, X-Bow Systems is advancing additively manufactured energetics for the solid rocket motor and launch vehicle market. The company is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. The round closes ahead of X-Bow’s static fire test of its 32″ diameter ‘Ballesta’ solid rocket motor and subsequent launch at White Sands Missile Range, N.M. This will be the first large-diameter scale motor designed and tested by a non-legacy systems integrator supplier in over 30 years, bringing innovation to the sector from a modern technology competitor.

X-Bow Systems has additional presence in California, Alabama, Colorado, Texas, and Washington DC.

FinSMEs

27/04/2022

SOURCE https://www.finsmes.com/2022/04/x-bow-systems-raises-27m-in-series-a-funding.html

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