Lockheed Martin Ventures led a $105m Series B round in X-Bow Systems.

Lockheed Martin Ventures, a corporate venture capital firm, led a $105m Series B round in X-Bow Systems, an American startup defense technology company, with participation from Razor's Edge Ventures, Crosslink Capital, Balerion Space Ventures, Boeing Ventures, Bravo Victor Venture Capital, Upsher Management Company, Capital Factory Ventures, Arkenstone Capital and Event Horizon Capital. "We have built a highly respected 'deep hardware technology' company with the current Series A and B investments from our venture partners. This additional investment and our ongoing partnership with Lockheed Martin position us for significant growth. We are expanding our production capacity, accelerating our innovation efforts and strengthening our role as a critical independent supplier within the defense industrial base," Jason Hundley, X-Bow Systems CEO and Founder.