Specter Aerospace Receives $9.5 Million In Funding From The Department Of Defense (Dod) And Investment Firms, Cs Ventures And Mandala Ventures
Specter Aerospace Receives $9.5 Million In Funding From The Department Of Defense (Dod) And Investment Firms, Cs Ventures And Mandala Ventures
06/13/23, 4:09 PM
Location
cambridgeMoney raised
$9.5 million
Industry
oil and gas
Investors
Mandala Ventures, Cs Ventures, Do D
Specter Aerospace, a Boston area defense contractor, specializing in the field of plasma-assisted combustion and hypersonic propulsion, announced that it had secured over $9.5 million in previously undisclosed venture and government funding today. The funding comes from various defense contracts awarded by the DoD and equity investments from CS Ventures and Mandala Ventures.
Company Info
Location
cambridge, maryland, united states
Additional Info
Founded in 2013, Specter Aerospace, formally FGC Plasma Solutions, develops advanced propulsion technologies with the aim to connect and protect at hypersonic speeds while also saving fuel across commercial applications. Specter's patented Plasma-Assisted Combustion platform, developed with support from the Argonne National Laboratory, utilizes plasma injection to stabilize combustion in high-output hypersonic, jet and rocket engines offering reduced emissions and fuel consumption. The Boston-area firm is working with the Department of Defense and commercial clients to deploy the technology in early 2024.