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Rtx Ventures Invests In Episci To Further Develop Next Generation Autonomy Solutions

Dec 08, 2022•over 2 years ago
PowaySecurityArtificial IntelligenceInformation Technology

Investors

Rtx Ventures

Description

RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX), has made a minority investment in autonomous solutions company EpiSci. The investment aligns with Raytheon Technologies' longstanding leadership in the development of advanced autonomous technologies and will help drive the growth of EpiSci's Tactical AI technology.

Company Information

Company

EpiSci

Location

Poway, California, United States

About

EpiSci is a software AI and autonomy company that develops next generation, tactical autonomy solutions for dual-use applications. EpiSci has been driving innovation in the hardware-centric industry and has participated in autonomy efforts across the acquisition lifecycle with a diverse set of DoD customers.

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Funding Insights

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