Lockheed Martin is doubling its venture capital fund to $200 million, and recent investments in early-stage companies focused in the areas of autonomy and advanced manufacturing.
Part of Lockheed Martin, Lockheed Martin Ventures is focusing the additional $100 million on early-stage companies in the areas of sensor technologies, autonomy, artificial intelligence and cyber, says the company.
The increase in the venture fund is part of $460 million that Lockheed Martin is investing as a result of tax reform savings, says the company. Since 2007, Lockheed Martin Ventures has invested more than $100 million in startup companies, according to the company website.
[Image courtesy: Lockheed Martin]