Participated · Series C · Aug 2026

Castelion's flagship product is Blackbeard, described as a low-cost, mass-producible hypersonic strike missile engineered for industrial-rate output and continuous flight-test iteration. The company has progressed from early development to repeated flight testing, operational integration, and construction of a dedicated high-rate production capability, including the 1,000-acre Project Ranger manufacturing campus in New Mexico. Castelion has secured over $500 million in U.S. military contracts in the past 18 months and achieved program-of-record status for Blackbeard in under four years, with fielding targeted for 2027. Management and investors say the company is already producing hardware, mixing propellant in New Mexico, and shipping to the services. Castelion plans to use new capital to scale Blackbeard production, accelerate a longer-range precision strike weapon that leverages Blackbeard technologies, and develop lower-cost defensive systems. The company is headquartered in Torrance, California, with manufacturing operations in New Mexico, Texas, and California and offices in Washington, D.C. The Series C values the company at $13 billion following the $1 billion raise (comprised of $800 million equity and a $250 million revolving credit facility).

Participated · Equity · Jun 2026

Fabri, founded in 2022 as an MIT spinout and led by CEO Steven Davis, builds automated foundries that use 3D-printed wax molds, robotics, and bespoke software and machine learning to reduce labor and rework in investment casting. The company began with aluminum parts and has expanded into copper and steel alloys, and it reports shipping parts to customers including Lockheed Martin and RTX. Fabri has collaborated with NASA on casting research and currently operates an R&D foundry capable of producing hundreds to maybe thousands of parts. Management plans to scale capacity by opening additional foundries — targeting a second facility to reach full production by 2027 and aiming to open a new foundry each year. Financially, Fabri has raised $13.5M total (a $5M seed in Dec 2024 plus prior debt and equity) and is preparing for a Series A in the next three to six months.

Participated · Seed · May 2026

Casimir is commercializing the MicroSparc chip, which the company says harvests energy directly from quantum vacuum fields to provide continuous power without batteries or charging cycles. The technology and fabrication work referenced DARPA-supported nanofabrication and was recently described in a peer-reviewed paper in Physical Review Research. The project is led by Harold “Sonny” White, a physicist formerly with NASA. Casimir announced an oversubscribed $12 million seed round to fund efforts to bring the chip to market. The company has positioned this financing as seed equity and disclosed a wide group of participating investors but did not report revenue, users, or a prior valuation in the article.

Participated · Equity · Feb 2026

Morpheus Space designs and produces space-proven electric propulsion systems, branded GO-2, that give satellites the ability to maneuver efficiently in increasingly crowded orbits. Operating out of its development and mass-production facilities in Dresden, Germany, and with additional operations in El Segundo, California, the company targets both commercial and government customers deploying large-scale constellations. Its core value proposition is scalable, cost-efficient propulsion hardware that can be rapidly integrated and deployed. The firm is now expanding its Reloaded Facility in Dresden to industrialize production and meet accelerating global demand. Management positions the company as a critical solution provider at a time when orbital congestion makes maneuverability a strategic necessity. Proceeds from the latest funding will be used to scale manufacturing capacity and advance next-generation mobility products. No revenue, user, or profitability figures were disclosed in the announcement.

Led · Series A · Oct 2025

Founded in 2020, Launchpad builds proprietary AI-driven robotics platforms that automate complex assembly tasks and aim to cut the time and cost of deploying automation by roughly 50%. Its systems help small- and mid-sized manufacturers overcome labor shortages by orchestrating optimal human-robot collaboration on the factory floor. The company operates from offices in Los Angeles and Edinburgh, where it recently opened an R&D center to deepen its technology stack. Launchpad’s solutions are already installed in factories across the United States and Europe, and management plans to accelerate rollout to additional customers in those regions. Fresh capital will be directed toward product development and scaling customer support to meet rising demand. Including its new equity financing and prior grant support, Launchpad has secured $13.5 million in total external funding to date, giving it a solid balance sheet for its next phase of growth.