GALT Aerospace gets Godspeed’s backing
GALT intends to ramp up its tech development activity with the private equity firm as an investor. GALT Aerospace, a maker of networking and sensing systems for airborne platforms, has accepted an investment from private equity firm Godspeed Capital Management to help shape the next phase of the company’s strategy. GALT opened for business in 2015 […]
OceanSound Partners hauls in $3.4B for third fund
The private equity firm’s newest mechanism for investments in companies closes at double the amount fetched for its second fund. OceanSound Partners, a private equity firm focused on technology integrators working in government and highly-regulated markets, has fetched $3.4 billion in capital commitments for its third main fund and related vehicles. That figure is more double […]
Agency CIOs must supply top-down IT contract information, OMB memo states
The guidance aims to help enforce legal mandates that chief information officers have full visibility into their agency’s IT spend. The Office of Management and Budget is set to compile a centralized view of government technology contracts under new guidance released Tuesday. The memo, signed by OMB director Russ Vought, directs chief information officers at large […]
AI boat maker Saronic smashes $9 billion valuation
The company just closed a $1.75 billion funding round with eyes on increasing production tenfold. Robot shipbuilder Saronic raised nearly $2 billion to expand production and develop new vessels as the Navy seeks refined options for medium unmanned surface vessels. “We’re going to continue to scale and build out our shipyard in Franklin, Louisiana, and then […]