X-Bow Systems Inc. (X-Bow), a U.S.-based space technology company applying revolutionary additive manufacturing techniques to the production of solid rocket energetics, announced that it has closed a $27 million Series A investment round. The round closes ahead of X-Bow’s static fire test of its 32″ diameter ‘Ballesta’ solid rocket motor and subsequent launch at White Sands Missile Range, N.M. This will be the first large-diameter scale motor designed and tested by a non-legacy systems integrator supplier in over 30 years, bringing innovation to the sector from a modern technology competitor.
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The Series A round was co-led by Crosslink Capital and Razor’s Edge Ventures, with additional participation from Lockheed Martin Ventures and Broom Ventures. X-Bow’s capital raise team was led by its co-founder and CRO, Maureen Gannon. The capital raise comes at a time of significant growth for X-Bow as the company advances its patent-pending additive manufacturing technology for solid rocket energetics and expands its solid rocket motor product portfolio. X-Bow is poised to disrupt the solid rocket motor industry with its affordable large-scale motor designs and modular boost vehicle architectures, which are already in development with customers across the U.S. national security, defense and space communities who see X-Bow’s additive manufacturing as a transformational technology addressing their unmet needs. The new financing will further accelerate customer support, grow the team, and invest in the company’s next generation of product offerings.
“We are proud of the support we have received from our investors and appreciate the confidence they signal in X-Bow’s team, breakthrough technology and innovative approach to solid rocket motor development. Raising a strong round with these high caliber investors allows us to increase our rapid growth and accelerate our plans to disrupt a critical industry,” said Jason Hundley, X-Bow CEO and Founder. “I am also very fortunate to work with an outstanding team here at X-Bow that is making groundbreaking achievements in the sector.”
“X-Bow has a great combination of experienced leadership and a truly innovative additive manufacturing technology for energetics,” said Matt Bigge, Crosslink Capital Partner. “They are the much-needed changemaker poised to disrupt the energetics market with its disruptive technologies. Crosslink invested in X-Bow because of its ability to catalyze a critical evolution in the national security, defense and commercial space technology markets.”