AR Tech Firm Red 6 Raises $30M in Series A (Computers - Software)

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AR Tech Firm Red 6 Raises $30M in Series A

Snowpoint Ventures Led Round In Recognition Of Pressing Need For Red 6’s Augmented Reality Technology

Red 6, a revolutionary Augmented Reality technology firm at the forefront of synthetic air combat training, is proud to announce it has closed a $30 Million Series A round at a $130M post cap valuation. The round was led with a $25M investment by Snowpoint ventures, an existing investor in Red 6. An additional $5M was raised from existing and new investors. “I am delighted to announce our Series A today. This funding will further support Red 6’s mission to deliver a new paradigm of military training across all the domains of air, sea and land. We are excited to have strengthened our existing relationship with Snowpoint Ventures, who share our commitment to solve training inefficiencies for our warfighters and enhance our military’s level of combat readiness and lethality,” said Daniel Robinson Founder and CEO of Red 6.

Snowpoint Ventures was formed to help address the growing misalignment between government acquisitions and emerging technology companies. “Our goal is to close the national security gaps through investments and operational expertise. Red 6 is building something truly extraordinary and they are a natural fit,” stated Doug Philippone, Co-founder of Snowpoint Ventures.

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Last Update : Jun 03, 2021 6:15 AM
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2021-11-29 (0.260 sec)