Drone-boat maker Seasats plans to hire more people and expand its overseas sales on the heels of a $10 million funding round.
Why it matters: From monitoring U.S. borders to mapping oil spills to sinking Russian ships in the Black Sea, demand for autonomous vessels is soaring.
Shield Capital is proud to announce that recently retired Lieutenant General Dan “Razin” Caine has joined the firm as a Venture Partner.
While venture capital has the potential to play a more crucial role in advancing technologies of national interest, the government's current approach is not yet fully aligned or optimized for this effort. There are promising federal programs but these could be more influential in attracting private investment.
Too much ink has been spilled on defense acquisition reform over the past few decades. In fact, there have been 12 major commissions and panels on the subject since World War II. Critics have been vocal about the failures of acquisition dating to the Revolutionary War.
