Inversion Raises $44 Million to Power On-Demand Delivery from Space [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
LOS ANGELES, November 20, 2024 BUSINESS WIRE Inversion , the company pioneering precision delivery on-demand from space to anywhere on Earth, today announced a $44 million Series A funding round co-led by Spark Capital and Adjacent , with participation from Lockheed Martin Ventures Kindred , and Y Combinator . This brings Inversion's total funding to $54 million, following an earlier $10 million seed round. Inversion will use the funding to scale its operations and build Arc, its next-generation autonomous re-entry vehicle. Arc stores cargo in orbit and re-enters the atmosphere on-demand to deliver to even the most remote parts of the globe. For centuries, companies and governments have been chasing ever faster delivery around the globe. Ships, aircraft, and other advancements have been transformative, but terrestrial solutions have yet to crack delivery in minutes at scale. It's cost prohibitive to build and maintain the global network of planes, warehouses, and trucks needed to e
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