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Business/Financial

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

By Cal Biesecker

Wednesday, July 13th, 2022

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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…

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