Snowpoint Ventures

Yesterday, our portfolio company Candid Health announced the close of their $29M Series B. We’re excited to continue to watch Candid Health work to transform revenue cycle automation - their goal of simplifying medical billing to enable providers to focus on quality care to their patients is paramount in modernizing the US healthcare system.    https://lnkd.in/e2C97A5Y Nick Perry Doug Proctor

Excited to see that Merlin has begun its flight test toward certification. This campaign is a first for the industry and evidence of Merlin's ability to create certified advanced automation for an aircraft platform which, once proven, is extensible across additional aircraft types and classes. The testing and validation process during the campaign will ensure that all aircraft equipment functions seamlessly and as intended with the system integrated, laying a crucial foundation for further testing and refinement of the Merlin Pilot.   https://lnkd.in/gW3P-Psf

Today, we honor and remember those who lost their lives twenty-three years ago on 9/11. We remember the first responders and individuals for their courageous bravery in responding to the attacks. As a company founded by two veterans, we especially acknowledge the sacrifice and dedication of our troops who were called to duty after 9/11. Our troops and our veterans have and continue to selflessly sacrifice to protect our freedoms. We humbly thank them for their service.

Excited to see our very own Gecko Robotics featured in Axios’ new Future of Defense newsletter.    Check it out to learn more about how Gecko Robotics is deepening their partnership with the US Navy by using their robots and software to assess wear and tear on an aircraft carrier, with the goal of getting ahead of manufacturing and maintenance delays to maintain readiness across the US Navy's fleet.   https://lnkd.in/gNbVWAX4  

We are excited to share that we were featured in the South Florida Business Journal this week. Read on to learn why our Co-Founders Doug Philippone and Alexander Creasey decided to headquarter Snowpoint Ventures in Florida and how what we’re building is unique due to their vast knowledge and experience within the Defense Technology Space.    “Both Creasey and Philippone served in the U.S. military. Creasey spent four years as a Naval cryptologist. Philippone spent 18 years in the Army and was deployed six times from 2003-2007. He earned three bronze stars and other commendations for his service. That military and technology industry experience gives Snowpoint Ventures – and their portfolio ventures – an edge, Doug Philippone said.” Snowpoint Ventures Portfolio Companies: Candid Health, Elroy Air, FlightWave Aerospace, Gecko Robotics, Labelbox, Merlin, Moxion Power, Red 6, and Shield AI. https://bizj.us/1qlolf

It’s great to see Moxion Power participating in Thunder Strike. At Snowpoint Ventures, we know firsthand how important it is to the iterative process to showcase product and get feedback on the ground from users during exercises like this. We’re excited to continue to watch Moxion Power prove how clean portable power is usable no matter the environment.

We are excited to share that in the same week Merlin has signed an agreement for a strategic acquisition of EpiSci on top of being awarded a $105M IDIQ contract by USSOCOM. “With the acquisition of EpiSci, we are uniquely positioned to lead the charge in autonomous aviation, which demands adaptable solutions that work across multiple platforms,” said Matt George, CEO and co-founder, Merlin.” https://lnkd.in/epn4vQaX  

We are pleased to announce that our portfolio company FlightWave Aerospace has been acquired by Red Cat Holdings. Both FlightWave Aerospace and Red Cat Holdings share a desire to revolutionize the unmanned aerial systems (UAS) sector. We’re excited to see how this new chapter continues to show rapid growth and provide continued value.   https://lnkd.in/e5AanE3G

We are happy to see our portfolio company Elroy Air advancing our national security with their autonomous cargo delivery system. In conversation with Fox News TV's Matt Leach, Elroy’ CEO David Merrill explains how they are focused on being able to deliver a logistics network that is “resilient and no risk to people”.

We’re excited to see our portfolio company Merlin’s CEO Matt George speak to Matt Leach about how Merlin’s technology looks to alleviate the pilot shortage by translating the skills of a human pilot into software.