Strategic funding · Defense tech
Locus Lock raises strategic funding led by Range Ventures
The navigation-technology company plans continued customer deployments, engineering hires and further PNT development.
Expanding deployment through customer programmes
Range Ventures led Locus Lock’s strategic financing, with In-Q-Tel, Backswing Ventures, Aurelia Foundry, Techstars, Golden Seeds, Creations VC and POV Ventures among the named participants. The amount was not disclosed.
The capital will support continued deployment across customer programmes and expansion of the engineering team. Further development focuses on software-defined positioning, navigation and timing for systems working in contested or degraded environments.
Use of funds
Continue deployment across customer programs
Develop software-defined positioning, navigation, and timing capabilities
Expand the engineering team
Funding history
Strategic funding · This roundUndisclosed