Lockheed Martin Ventures has invested in Hidden Level, a Syracuse, NY-based company that designs and develops sensors for low-altitude airspace monitoring.
Hidden Level released a statement saying the investment "will support both companies as they look to solve challenges in air surveillance and security through advanced distributed sensor networks."
Jeff Cole, Hidden Level's CEO, said that "providing scalable solutions to low altitude airspace security remains an issue in defense and commercial spaces. Our mission is to deliver innovative solutions to help our customers keep the public safe and advance airspace safety within defense and civil arenas alike. Working with Lockheed Martin, who understands the value of our technology, is important."
Lockheed Martin Ventures General Manager and Vice President Chris Moran said his company's investment in Hidden Level "underscores our focus on mitigating airspace safety challenges. We are excited to add Hidden Level to our investment portfolio and look forward to working with their team and gaining access to their distributed sensor network that may offer a solution to address these escalating challenges."
Hidden Level is the latest in a series of investments Lockheed Martin Ventures has made in recent months. In August, the company announced it had made an investment in Fiddler, an artificial intelligence company based in Palo Alto, CA, and signed a strategic cooperation agreement. In July, Lockheed Martin Ventures bought into a series A round for CalypsoAI, and in June it put money in Red 6, a Santa Monica, CA-based firm specializing in synthetic training.