AAA CalypsoAI moves to $13m series A

CalypsoAI moves to $13m series A

CalypsoAI, a US-based developer of cybersecurity technology for artificial intelligence applications, completed a $13m series A round on Wednesday that included aerospace manufacturer Lockheed Martin.

The round was led by venture capital firm Paladin Capital Group and also featured 8VC, Frontline Ventures, Lightspeed Venture Partners, Manta Ray Ventures, Pallas Ventures and undisclosed others. Lockheed Martin invested through its Lockheed Martin Ventures unit.

Founded in 2018, CalypsoAI has built a software platform that validates and monitors AI and machine learning functionality in autonomous systems and protects against failures or cyber attacks.

Chris Moran, general manager of Lockheed Martin Ventures, said: “We are thrilled to be investing in CalypsoAI and partnering to help engineer generation-after-next AI solutions.

“As the venture capital arm of one of the largest aerospace and defence corporations, we are more than just a source of capital. Our world class engineers keep people safe through secure systems, platforms and advanced technologies every day.”

The startup has not revealed details of any previous financing. It intends to channel the series A funds into international expansion and product innovation, having launched a tailored solutions service dubbed CalypsoAI Labs earlier this year.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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