AEI Horizon X
Private equity firm AE Industrial Partners partners with Boeing to manage this venture capital organization to identify promising startups across the aerospace and technology ecosystem.
AEI HorizonX’s latest discovery finds it investing $13 million in JuliaHub, a technical computing and scientific machine learning specialist founded by the creators of the open-source programming language Julia.
Julia’s goal is to enable programmers working in the Python and C++ languages to communicate with each other when designing, building, and deploying technical systems.
JuliaHub advertises a user base of companies in the engineering, manufacturing, aerospace, pharmaceutical, finance, and semiconductor design sectors. Use cases include drone guidance, aircraft collision avoidance, space mission planning, and robotic control.
“In recent years, Julia’s superior speed and ease of use have been used by pharmaceutical companies such as Pfizer and United Therapeutics, as well as aerospace applications from NASA, the Federal Aviation Administration, and Boeing,” said Viral Shah, CEO of JuliaHub. I am alive,” he said. Released Tuesday. “This investment will allow us to continue developing Julia’s capabilities and expand them across all industries.”
Tyler Rowe, Principal, AEI HorizonX, added, “There is more opportunity than ever to leverage scientific machine learning in aerospace, and JuliaHub is the platform that enables it.” .
For AEI HorizonX, the announcement of the support comes about a year after AE Industrial and Boeing announced plans for a second venture fund targeting $250 million in capital for future investments. It was done years later.
Boeing has committed $50 million to Fund II, which focuses on mobility, space, sustainability, digital enterprise applications, networks and security.
Lockheed Martin Ventures
Artificial intelligence and cybersecurity represent at least a dozen areas of focus for this investment arm of the world’s largest defense hardware company.
Lockheed Martin Ventures first invested in AI security firm CalypsoAI in the summer of 2020, joining CalypsoAI’s latest funding round, which closed with $23 million in Series A-1 capital announced Tuesday.
Paladin Capital Group led the round, with several new investors joining CalypsoAI, including Hakluyt Capital, Expeditions Fund, Auren Hoffman, Anne and Susan Wojcicki.
CalypsoAI has raised $38.2 million in capital since its inception in 2018 as a developer of large-scale language modeling products for organizations to test, validate and monitor all AI applications prior to broader deployment is advertising.
ChatGPT, Bard, and Cohere are among the most high-profile examples of generative AI tools that use large-scale language modeling. But as CalypsoAI sees, these products also pose other problems, such as data security risks and prompts containing someone else’s intellectual property.
“Many organizations may think that prohibiting the use of LLMs or setting written guidelines is the right approach to risk mitigation. But it also makes us a digital laggard because our competitors are successfully adopting the technology to scale innovation,” said Neil Kalypso, Founder and CEO of CalypsoAI. Serebryany said in a release on Tuesday.
The company’s larger goal is still to be the leader in the so-called Trusted AI space, where users can control tools. CalypsoAI intends to use the latest investment funds for product development, talent acquisition, and go-to-market investments.
