American-Ukrainian defense technology startup Vermeer has closed its $10 million Series A round, led by Draper Associates with participation from AeroX Ventures, Boscolo Intervest, High Point Ventures, Rockaway Ventures, and the U.S. Air Force Techstars accelerator. The funding brings Vermeer’s total Series A capital to $10 million and will support expansion of its optical navigation […] The post Vermeer Secures $10 Million Series A to Advance GPS-Free Drone Navigation for Defense and Dua...| DRONELIFE
Retired Air Force colonel and former NASA astronaut Pamela Melroy, who previously served as deputy administrator of NASA, recently joined the board of directors at Houston-based Venus Aerospace. Venus Aerospace, a startup founded in 2020, develops rocket engine technology, including rotating rocket detonation engines for hypersonic flights. These engines promise higher power, greater fuel efficiency and lower emissions than conventional rocket engines or jet engines, according to the Interest...| InnovationMap