X-Bow Systems Inc. (X-Bow), a pioneering force in advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, announced today the successful completion of its Series B financing round, raising in excess of $70 million. This significant capital infusion, led by National Security technology-focused firm Razor’s Edge, alongside contributions from Lockheed Martin Ventures, Boeing Ventures, Crosslink Capital, and Balerion Space Ventures, will fuel X-Bow’s expansive initiatives in hypersonic-capable vehicles, solid rocket motor programs, and the completion of its gigafactory campus in Luling, TX. Additionally, X-Bow plans to bolster its engineering and R&D capabilities across New Mexico.
Mark Spoto, co-founder and Managing Partner at Razor’s Edge and a member of X-Bow’s Board, emphasized the critical role X-Bow plays in addressing national security challenges: “X-Bow’s proprietary technologies and strategic insights position it as a leader in the SRM industrial base, crucial for enhancing defense capabilities amidst evolving global landscapes.”
Jason Hundley, CEO and Founder of X-Bow, expressed gratitude for the Series B funding and highlighted the company’s recent accomplishments: “This funding marks a pivotal moment for X-Bow as we accelerate the expansion of our SRM production capacity in Luling, TX, the second largest in the country. Our innovative manufacturing techniques enable us to deliver cost-effective solutions, addressing both defense needs and broader industrial base requirements.”
Union Square Advisors LLC acted as the exclusive financial advisor to X-Bow for the Series B financing transaction.
Editorial Opinion:
X-Bow Systems’ achievement in securing over $70 million underscores its strategic foresight and technological prowess in the aerospace and defense sectors. With an expanding portfolio of contracts and a commitment to innovation, X-Bow is well-positioned to lead the charge in advancing hypersonic capabilities and solid rocket motor technologies. This investment not only supports national defense interests but also propels X-Bow’s trajectory toward becoming a pivotal player in global aerospace advancements.
In an era where defense and industrial base resilience are paramount, X-Bow’s dedication to enhancing affordability and scalability in SRM production sets a commendable example. By leveraging advanced manufacturing techniques and strategic partnerships, X-Bow is poised to drive significant impact across defense, space, and commercial sectors, cementing its role as a transformative force in the industry.
If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
