a16z, Lowercarbon, and Giant Step co-led a $27.1m funding round in Astro Mechanica.

a16z, a venture capital firm, Lowercarbon, a venture research firm that invests in technologies, and Giant Step, the largest quantitative asset management firm in Latin America, co-led a $27.1m funding round in Astro Mechanica, a vertically integrated aerospace company. “The way that high-speed engines work and the way that low-speed engines work are fairly different. Low-speed engines are more efficient. And high-speed engines can go faster. And so what you want is an engine that can do both of these things,” Ian Brooke, Astro Mechanica CEO.