Red 6 has raised $70 million in a Series B funding round meant to help the augmented reality startup to continue investing in its proprietary technology for a combat pilot training system.
RedBird Capital Partners led the financing round, in which Lockheed Martin‘s venture capital arm and Boeing‘s investment partnership with AE Industrial Partners participated, Red 6 said Thursday.
The Orlando, Florida-based startup intends to use the new capital to expand applications of the Advanced Tactical Augmented Reality System.
ATARS is designed for pilots and ground personnel to learn about aircraft operations in a simulated outdoor environment.
“I firmly believe that to revolutionize the defense industrial base in our country, there is an increasing interdependence between the Department of Defense, the entrepreneur and private capital,” said Daniel Robinson, founder and CEO of Red 6.
The Florida Opportunity Fund, which backs emerging companies in the state, and the U.K. government’s National Security Strategic Investment Fund also contributed to the funding round.
