Slingshot Aerospace of El Segundo Receives $3 Million to Develop Proprietary AI Product

Slingshot receives small business funding for AI product - Courtesy

Slingshot Aerospace, Inc. of El Segundo, has been awarded a $1.5 million Small Business Innovation Research (SBIR) contract by the United States Air Force Life Cycle Management Center.

Slingshot Aerospace, an advanced analytics company, also received matching funds from venture capital backers ATX Venture Partners and Revolution’s Rise of the Rest Seed Fund as part of the RAPID Innovation Fund, a program at the U.S. Department of Defense that enables technology programs in the military.

The Small Business Innovation Research contract encourages domestic small businesses to engage in Federal Research/Research and Development to pursue high-tech innovation that has the potential for commercialization.

The total of $3 million will support rapid development and deployment of Slingshot EDGE, the company’s Artificial Intelligence-powered EDGE platform for use with small unmanned aircraft system (sUAS), in particular with software development, engineering and system tests. Slingshot EDGE will help enable Air Force Special Operations forces to pivot from manually intensive situational awareness processes to a more tactical, timely and autonomous decision-making solution.

“This partnership is a groundbreaking testament to the power of government working with technical and financial innovators,” said Melanie Stricklan, CSO and co-founder of Slingshot Aerospace. “Our team looks forward to focusing our advanced EDGE development on meeting the high standards set by the U.S. Air Force. This award will undoubtedly accelerate real-time situational awareness on the battlefield and provide a unique opportunity for us to take a validated product that provides decision advantage to entirely new markets.”

Slingshot Aerospace pursued the RAPID program and contract funding after successfully demonstrating the technical feasibility of Slingshot EDGE during the first phase of the SBIR application.

The Air Force’s drive to increase the speed from development to commercialization through endeavors such as the Air Force Pitch Day has been led by Dr. Will Roper, the assistant secretary of the Air Force for Acquisition, Technology and Logistics.

“The thing we wanted to prove with Pitch Day is that it’s tough to do change in government, but not impossible,” said Dr. Roper. “This Pitch Day is about keeping a competitive EDGE and keeping a competitive mindset in acquisition that refuses to allow a technology that exists to be developed faster by any adversary.”

For more information go to: Slingshot Aerospace, Inc.