:

Business/Financial

Merlin Labs Raises $105 Million In New Funding Round; Announces Work On C-130J

By Cal Biesecker

Wednesday, July 13th, 2022

SHARE:

Merlin Labs Raises $105 Million In New Funding Round; Announces Work On C-130J

A U.S. Air Force Lockheed Martin C-130J Hercules aircraft. Photo: U.S. Air Force.

Autonomous flight technology developer Merlin Labs on Wednesday said that company has raised $105 million in new funding as it continues to build out its three phased—crawl, walk, run—approach to introducing autonomy to large and small aircraft. The Series B funding round was driven by investments from Snowpoint Ventures and Baille Gifford, and includes “major participation” from existing investor GV. In 2021, Merlin raised $25 million in a Series A round led by venture capital firm GV and First Round…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]