Investment Boosts Red 6 National Security Solutions
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Red 6 has raised $7 million in the form of a Simple Agreement for Future Equity (SAFE) in a round led by Red Cell, Snowpoint Ventures, and Octave. There was additional participation from existing and new investors, including long term investor Moonshots Capital, Irongate, TR Aeroventures, and Marlinspike. The investment will allow Red 6 to mature the development of both Airborne Tactical Augmented Reality System (ATARS) and Combined Augmented Reality Battlespace Operational Network (CARBON).
In recent years, the Department of Defense has begun to pivot its training readiness focus from supporting two decades of ground-based operations in Iraq and Afghanistan, to building the capabilities required to defeat a near-peer threat. Robinson, a former Royal Air Force pilot, and first non-American to fly the F-22 Raptor, co-founded Red 6 on the belief that the nation is facing a national security crisis.
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"Through this capital raise, we have expanded our investor base to include organizations that are uniquely positioned in the national security community to support the development of Red 6. Together, we will leverage our core technology to not only solve a national security pain point, but to also apply it across multiple domains in military and commercial applications alike," said Maissan Almaskati, Red 6 Chief Financial Officer.
Red Cell Partners led the funding round and will be appointing a firm partner to the Red 6 Board of Directors. The team includes technology entrepreneurs, former members of the Defense and Intelligence leadership, a deep technical team, and experienced investors.
Moonshots Capital has been an investor of Red 6's from day one. Other partners and supporters of Red 6 include Lockheed Martin Ventures, Epic Games, Ret. Four Star General Mike Holmes, and Vietnam Prisioner of War Charlie Plum.
