in ,

Boeing’s Venture Capital Arm Invests in Agylstor Storage Platform

Boeing's Venture Capital Arm Invests in Agylstor Storage Platform - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Boeing's Venture Capital Arm Invests in Agylstor Storage Platform - top government contractors - best government contracting eventBoeing‘s HorizonX Ventures organization has invested in Agylstor through a Series A funding round to help the latter company further develop a ruggedized computing platform designed to store, process and secure data.

Agylstor said Wednesday its technology supports storage and transfer of information for infrastructure mapping, geoscience and aerospace applications such as autonomous and piloted systems.

Rick Carlson, CEO of Agylstor, noted the company will use the investment from Boeing’s venture capital arm to finance research, development and commercialization efforts.

Brian Schettler, managing director at Boeing HorizonX Ventures, said the aerospace firm invests in non-traditional industry segments in a push to create value for customers.

California-based Agylstor previously received private financing and support from other investors that include Amazon Web Services.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Rockwell Collins to Supply Weather Radar System to Canadian Air Force - top government contractors - best government contracting event
Rockwell Collins to Supply Weather Radar System to Canadian Air Force
Bloomberg Government Introduces Product for Contract Value Prediction; Donald Thomas Comments - top government contractors - best government contracting event
Bloomberg Government Introduces Product for Contract Value Prediction; Donald Thomas Comments