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Friday·Fri, Apr 17·1 story from 1 source
Army pushes industry to share costs as GE seeks more funding for ITEP testing
FINANCE-VC4d ago

Army pushes industry to share costs as GE seeks more funding for ITEP testing

General Electric Aerospace seeks additional funding for the Improved Turbine Engine Program (ITEP) amid Army calls for industry cost-sharing in testing. Maj. Gen. Clair Gill emphasized the need for manufacturers to contribute financially. ITEP has faced delays, with the Army previously receiving $175 million in FY26 and $63 million in reconciliation funding for development and testing.

Monday·Mon, Sep 8·1 story from 1 source
Space DOTS raises $1.5M seed round to provide insights on orbital threats
FINANCE-VC225d ago

Space DOTS raises $1.5M seed round to provide insights on orbital threats

Space DOTs announced a $1.5M seed funding round led by Female Founders Fund to enhance its SKY-I platform for detecting orbital threats. Founded by Bianca Cefalo, the company aims to provide real-time environmental data for spacecraft, addressing failures caused by misunderstandings of space conditions. Total funding now stands at $3.2M with additional investors including General Electric Company.