Fortify, a Boston, MA-based materials science and digital manufacturing company, received a strategic investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corporation (NYSE:LMT).
The amount of the deal was not disclosed.
The funds will be used for process and material development of additive manufacturing of RF (radio frequency) devices.
Led by CEO Lawrence Ganti and Chief Product Officer Josh Martin, Fortify is an architected materials company whose solution includes a patented Digital Composite Manufacturing (DCM) platform built for high viscosity, filled materials. The company’s suite of proprietary materials with tailored mechanical, electrical, thermal, and electromagnetic properties coupled with extreme design freedom, enables customers to bring applications to market. By combining a deep understanding of material science with mixing, magnetics, and polymer physics, Fortify can produce custom microstructures in 3D printed parts. The company is currently focused on applications ranging from Radio Frequency front end antennas to injection mold tooling.
Business units across Lockheed Martin Corporation including Aeronautics, Rotary and Mission Systems (RMS), Missiles and Fire Control (MFC), and Space, are engaged to leverage the Fortify platform. Lockheed Martin Ventures joined a list of investors including In-Q-Tel (IQT), the Department of Energy (DoE), Accel Partners, Cota Capital, Neotribe, Prelude Ventures, Mainspring, and OceanAzul.
FinSMEs
13/12/2022