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Business/Financial

Startup Developing Optical Gyro On A Chip For GPS-Denied Ops Gets Funding With Lockheed’s Help

By Cal Biesecker

Tuesday, November 19th, 2024

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Startup Developing Optical Gyro On A Chip For GPS-Denied Ops Gets Funding With Lockheed’s Help

ANELLO's X3 compact 3-axis optical gyroscope inertial measurement unit. Photo: ANELLO Photonics

ANELLO Photonics this week said it has closed a Series B funding round to accelerate the development of its chip-based optical gyroscope technology that allows autonomous systems to operate in GPS-contested and denied environments. The funding raise was co-led by Lockheed Martin [LMT], a returning investor, Catapult Investors, and One Madison Group. ANELLO, which is based in Santa Clara, Calif., did not disclose the amount of the latest raise. In October 2021, the company completed a $28 million Series A…

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