Allen Control Systems raised $12M in Seed funding led by Craft Ventures for expanding operations and development efforts.

Apr 18, 2024•over 1 year ago

Amount Raised

$12 Million

Round Type

seed

AustinManufacturing

Investors

Rally VenturesForum VenturesCraft Ventures

Description

Allen Control Systems, an Austin, TX-based defense technology company, raised $12M in Seed funding. The round was led by Craft Ventures with participation from Forum Ventures and Rally Ventures. The company intends to use the funds to expand operations and development efforts.

Company Information

Company

Allen Control Systems

Location

Austin, Texas, United States

About

Allen Control Systems (ACS) builds autonomous precision weapon systems to safeguard our military and its partners, ensuring dominance on every battlefield. ACS is ushering in a new era of battlefield security, equipping U.S. and allied forces with the next generation of counter-drone technology. The company’s flagship product, Bullfrog, leverages artificial intelligence (AI), computer vision, and proprietary control systems, transforming legacy or modern weapon systems to achieve unmatched accuracy and impact.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends