Our Investment
Thesis.

We back both technological breakthroughs and better ways to build, manufacture, and deploy existing capabilities. A meaningful edge can come from what a technology does—or how efficiently it reaches the people who need it.

We look for teams that challenge what capability should cost. Delivering an effective solution at a fraction of today’s price, while building a profitable business, can change how much customers can afford to deploy and how quickly production can grow.

We particularly value teams with substantial government funding already committed, or evidence of demand beyond the military through customer interest, pilots, and commercial traction. We look closely at how those signals translate into a sustainable business.

Our defense focus comes from serving those who defend us. Our commercial thinking extends across sectors: we help teams identify relevant customers, often through our investors, and explore where their technology can create value for a much wider market.