Specter Aerospace – a Boston-based area defense contractor specializing in the field of plasma-assisted combustion and hypersonic propulsion – announced recently that it had secured over $9.5 million in previously undisclosed venture and government funding today. This funding round comes from various defense contracts awarded by the DoD and equity investments from CS Ventures and Mandala Ventures.
Specter Aerospace has been committed to enhancing engine operating limits and performance across the energy, aerospace, and national security sectors. And recognizing the need for innovation in hypersonic flight platforms, the company made the development and commercialization of these ground-breaking technologies an immediate priority.
The company is breaking the mold of a defense contractor; bringing rapid innovation alongside efficiency and scale. And by focusing primarily on hypersonic propulsion, Specter Aerospace aims to better connect societies and protect global democracy by leveling the playing field with American adversaries.
This funding round enables Specter to develop and implement its technologies in both new and existing engines. And the commercialization of this technology will revolutionize the energy, aerospace, and national security industries.
KEY QUOTES:
“Specter Aerospace is revolutionizing engine efficiency, stability, and power while decreasing environmental impact and cost. Our rigorously tested plasma-assisted combustion technology has already shown that our defense customers can go farther and faster on less fuel and thanks to these crucial investments and with existing contracts with the DoD, we expect to fly our first hypersonic demonstrator within two years.”
– Felipe Gomez del Campo, CEO of Specter Aerospace
“CS Venture Opportunities Fund is delighted to partner with Specter Aerospace, Mandala Space Ventures, and Kairos Ventures with this investment. We invest in transformative technologies and believe the company’s plasma-assisted combustion technology is world-class. Plasma-assisted combustion is a critical component in hypersonic engines and Specter Aerospace’s technology is both strategically and vitally important to the United States in its development of hypersonic engines.”
– Quinten Stevens, General Partner
