Lockheed Martin Ventures invests in Fiddler

Lockheed Martin Ventures has made an investment in Fiddler, an artificial intelligence company based in Palo Alto, CA, and signed a strategic cooperation agreement.

According to a press release from Fiddler, Lockheed's venture arm will "work with Fiddler on the development, testing and scaling of Fiddler's technology in applying explainable AI in the defense and aerospace industries."

The investment was first reported by Breaking Defense.

Fiddler, which was founded nearly two years ago, said AI explainability "provides continuous insights understandable by humans to help build responsible, transparent, and fair AI systems." The company said it is working with a range of businesses, from Fortune 100 companies to startups.

Lockheed has "been on a mission to create partnerships and get access to certain types of AI technology," Chris Moran, who heads Lockheed Martin Ventures, told Inside Defense last month.

At the time, Lockheed confirmed its venture arm also participated in a fundraising round for AI company CalypsoAI.