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Vannevar Labs Raises $75M in Series B Financing to Advance Defense Tech Development

Vannevar Labs Raises $75M in Series B Financing to Advance Defense Tech Development - top government contractors - best government contracting event

Vannevar Labs, a developer of defense and national security technologies, has raised $75 million in a series B funding round led by Felicis and backed by venture capital firms, and will use the fresh capital to advance its Decrypt software platform.

Decrypt is designed to help military and government customers understand foreign actors and has been deployed to more than a dozen of public sector organizations since its launch in January 2021, Vannevar Labs said Wednesday.

The funding round saw participation from new investors DFJ Growth and Aloft VC and existing backers General Catalyst, Point72 Ventures, Costanoa Ventures and Shield Capital.

“This funding will allow us to much more aggressively invest in R&D for the products we’re fielding with the government,” said Brett Granberg, CEO at Vannevar Labs.

The company secured $12 million in a series A funding round closed in August 2021.

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Written by Naomi Cooper

is a full-time writer for ArchIntel, a division of Executive Mosaic, and a contributor for ExecutiveBiz. She covers emerging technologies, technology innovation, contract awards, partnerships and market expansion stories in the government contracting industry.

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