Solus Power’s Post

Appreciative of Tim De Chant's article on Crosscut Ventures' evolution. We've (Rick Smith and Brett Brewer) been building #SoCalTech for 16+ years and have naturally been drawn to the techno-manufacturing revolution of #ElSegundo driving innovation in #FrontierTech. Portfolio companies like Umbra, Aalo Atomics, Proteus Space, Carbon Ridge, Airloom Energy and many others yet to be announced have the potential to transform energy, advanced manufacturing, space and defense to push global decarbonization, secure America's borders and drive the continued commercialization of space. https://lnkd.in/gmy-Srgn #longLA #DeepTech #ClimateTech #SocalTech #Hawthorne #ElSegundo #Torrance #venturecapital #nuclearenergy #aerospace #defense #advancedmanufacturing

[𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐍𝐄𝐖𝐒] The newly launched Defence Equity Facility (DEF) aims to bolster private equity and venture capital funds in European companies that are developing innovative technologies with dual-use components, within the European Union (EU), over the next four years. This week's #Defence feature has the full story > https://lnkd.in/dzFPNtCE

💼 US investment fuels European military technology amid war in Ukraine 💥 The russian invasion of Ukraine has sparked a major shift in European defense tech. US venture capital firms are pouring funds into European startups, now responsible for over 65% of investment in the sector. This surge reflects the urgent need for cutting-edge technologies to support Ukraine and counter evolving threats. Startups like Munich’s Helsing, which raised €450 million, are rapidly developing AI-driven defense tools. However, the question remains: Can Europe build a unified defense tech industry to face such geopolitical challenges? #UkraineWar #DefenseTech #Innovation #VentureCapital #Europe #USInvestment #AI Read more: https://lnkd.in/eWDfXGnT

Our General Partner Morad Elhafed spoke with PE Hub Europe’s Craig McGlashan about our investment in AdaCore, a provider of software development tools for safety and security-critical systems in industries like aerospace, defense, medical devices and nuclear power.  Per Morad, "The goal is to use this as a platform to expand into other more modern development languages like Rust, for example, where nobody really can claim leadership. It’s one where AdaCore has started to develop. We’re looking for ways to extend that business both organically and via acquisitions.” He continued, “New projects start as they modernize aircraft, missile systems and drones, and they buy more software because they have to continue to support what’s in the field, the older generations. We love the stickiness – renewal rates are incredible. So much of their customers’ products are built with this code that needs to be maintained constantly. They’ve already made massive capital decisions behind this technology and then you just need to update it for generations to come.” Check out the full story here to learn more:

Empowering critical industries to scale domestic #manufacturing capabilities and onshore facilities is essential if we are going to meet our current and future national security needs. Strengthening collaboration between government, industry, and the private sector will drive innovation and ensure that the next generation of hardware technology for defense, commercial, and industrial applications is made right here in the United States. ACMI’s CEO John Burer shares a roadmap to leverage private investment to connect government and private sector to support #defense in National Defense Magazine https://lnkd.in/g-NVgCpi

Proptech by Sifted 2024: Proptechs aim to bring order and slickness to one of the world’s most chaotic and least digitised asset classes. We’ve chosen 92 startups with grand designs to change…

AFWERX AFVentures has issued a Notice of Opportunity (NOO) within the Strategic Funding Increase (STRATFI) program for both air and space projects. The window for government champion-led capability package submissions will open on July 25 and close September 18 at noon ET. "The STRATFI program underscores our commitment to transitioning dual-use commercial technologies into the hands of our Airmen and Guardians, ensuring that our military forces have access to the most advanced state-of-the-art capabilities that are emerging in our private sector,” said Col. Elliott Leigh, AFWERX director and chief commercialization officer for the United States Department of the Air Force. “This Strategic Funding Increase is not just an investment in hardware; it's an investment in our national security, safeguarding our values and interests for generations to come." STRATFI is open to small businesses with an awarded Phase II SBIR/STTR contract. The company must either have a current Phase II contract, with a minimum of 90 days of performance executed, or have completed a Phase II contract within two years of submitting a capability package. Read more here: https://ow.ly/ZGyz50SHFci . . . #AFWERX #AFVentures #STRATFI #noticeofopportunity #funding #opportunity #innovation

(NEW POST) M&A in the space industry has always remained unaffected by global macroeconomic factors and downturns. On the contrary, unrest like the Russian-Ukraine war has triggered more economic activity in the aerospace and defense sectors. The last few years have noted massive capital infusion into this sphere. In 2021 alone, both public and private investors directed $10B worth of funding. The geopolitical unrest spurred spending on worldwide military capabilities worth US$2.2 trillion in 2022. This spending has sparked Europe’s highest rise in defense expenditure in the last three decades. Interestingly, the investment is more in innovation, thanks to the new and dynamic market sentiment throughout the space landscape. #entrepreneurs #entrepreneurship #entrepreneur #business #success #venture #venturecapital #investment #invest #investors #tech #technology #innovation #leanstartup #leanstartups #inspiration #startup #startups https://lnkd.in/eQ5bH2Vw

💥 1-July | HERE IS WHAT YOU NEED TO KNOW FROM THE WORLD 🌍 ⏺ President Joe Biden wasn’t the only apparent loser of Thursday night’s US presidential campaign debate. Donald Trump’s Trump Media & Technology Group, the company behind the former president’s far-right social media site Truth Social, fell 10.9% on Friday but still finished the week up more than 18%. ⏺ Warren Buffett said he’ll donate another $5.3 billion worth of Berkshire Hathaway stock to charity. The Bill & Melinda Gates Foundation Trust will get $4 billion, and the rest will go to foundationsrun by Buffett’s kids Susie, Howie and Peter. ⏺ Elon Musk won the contract to crash the International Space Station into the sea. SpaceX will be given $843 million to complete the job of deorbiting the aging space station. #daybreakpost #OnePostToKeepYouInformed Read the complete Newsletter on the link below 👇 https://lnkd.in/ddhkEFua

Europe will increase its defense investment sharply in 2024 in response to Russian aggression. European venture capitalists plan to invest $1B in defense technology by the end of 2024, which is 400% more than in 2018, as a result of Russian aggression in Ukraine. According to Dealroom, venture capital investment in defense technology outpaces any other type of investment in NATO countries by 25%. Germany, Britain, and France invest the most in space technologies among European countries, with an 87% share, or $2.2B. Investments in defense technology increased by 300% in six years to almost $5.9B, and the total amount raised by defense startups in NATO and allied countries reached $18B. So far, NATO countries have created 370 venture defense startups with a total value of $161B. Defense technologies account for 1.8% of European venture capital funding, 200% more than in 2022. At the same time, despite investment growth in Europe, 83% of venture investments are in defense technology companies from the US. https://lnkd.in/e2w7cHYz