Hermeus Valuation, Funding & Investors

Venus Aerospace is a Houston-based aerospace company founded in 2020 by CEO Sassie Duggleby and CTO Andrew Duggleby. It develops 3D-printed rotating detonation rocket engines capable of Mach 9 speeds, aiming to enable one-hour global transport for commercial and defense applications. The company has completed engine test flights, including the world's first high-thrust test of a liquid-propellant rotating detonation rocket engine, and holds contracts with NASA and U.S. defense agencies to advance the technology.

JetZero is a Los Angeles-based aerospace startup founded in 2021 developing blended wing body aircraft. The design achieves 50% greater fuel efficiency on routes like Los Angeles to London, reducing emissions and increasing passenger comfort with wider cabins. JetZero's Z5 model targets commercial service by 2030, backed by US Air Force contracts and partnerships with Northrop Grumman. The company leverages decades of research into aerodynamic shapes pioneered by co-founder Mark Page.

True Anomaly is an Austin-based space technology company designing autonomous spacecraft and software for orbital security and resilience. The firm builds Jackal electronic warfare satellites and develops simulation platforms for space domain awareness. True Anomaly supports U.S. Space Force contracts and partners with defense primes to field counter-space capabilities.

Droneshield Ltd develops and sells hardware and software for drone detection and security. The principal activity of the company is the development, commercialization, and sales of hardware and software technology for drone detection and security. It has four products: Dismounted, which include RfPatrol Mk2, DroneGun Mk4, Immediate Response Kit (IRK), DroneGun Tactical; On-The-Move includes DroneSentry-X Mk2, Expeditionary Fixed Site (EFS) Kit; Fixed Site includes DroneSentry; and Software includes DroneSentry-C2, Tactical DroneSentry-C2, and DroneOptID. The company provides its solutions to the intelligence community, Government, law enforcement, critical infrastructure, and airports globally. Its geographical segments are the United States and Australia.

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.

Zero Gravity Aircraft Industry is an eVTOL developer focused on manned electric vertical take-off and landing aircraft. Based in China, it engineers multirotor designs for urban air taxi services and cargo delivery. The company tests prototypes with redundant propulsion and autonomous flight controls for certification under CAAC standards.

Vast is a Long Beach-headquartered space company engineering commercial space stations for low Earth orbit missions. Its Haven-1 outpost, set for 2025 launch via SpaceX Falcon 9, accommodates four crew members with Starlink connectivity and radiation shielding. Vast develops modular architectures supporting artificial gravity via rotation, in-space manufacturing bays, and science payloads, collaborating with NASA under CCSC-2 agreements for private astronaut flights.

U-LEAM Inc operates as a vertically integrated manufacturer, offering product development and manufacturing solutions across multiple market segments and applications. It specializes in custom interconnect solutions. It focuses on vertically integrated design, production, and supply of connectors, cable assemblies, wire harnesses, and high-performance systems for demanding applications.

ispace inc is a private lunar robotic exploration company that is developing micro-robotic technology to provide a low-cost and frequent transportation service. It has developed a small lander (lunar lander) and a lunar exploration rover (lunar rover) for the purpose of providing frequent and low-cost transportation services to the moon.

Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Gogo BA and Satcom Direct. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services, and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped.

Mach Industries is a Huntington Beach-based manufacturer of defense systems including unmanned aerial vehicles, missiles, and propulsion components. The Forge platform supports decentralized production of drone parts such as sensors, engines, and communications across flexible factories. It produces the Viper vertical-takeoff cruise missile with 290 km range, 10 kg warhead, and AI navigation for GPS-denied operations. In 2024, Mach secured a US Army contract for the Strategic Strike missile, completing design and tests by January 2025, and partners with Heven Drones on hydrogen-powered UAVs.

Relativity Space is a Long Beach-headquartered aerospace manufacturer pioneering 3D-printed rockets. Founded in 2015, it builds Terran 1 and Terran R vehicles using additive manufacturing, AI, and robotics for a supply chain with 100 times fewer parts. The company assembles rockets in under 60 days at its Florida launch site for satellite constellation missions.

Sidus Space Inc is a Space and Defense as-a-Service company focused on providing complex space hardware, satellite/spacecraft design, manufacture, launch, and data solutions for both government and commercial in-space missions for all destinations through the solar system. This includes a Space-based infrastructure of multi-mission satellites with hyperspectral, multi-spectral, and other sensors to provide monitoring services and solutions to multiple sectors and industries. The company supports Commercial Space, Aerospace, Defense, Underwater Marine, and other commercial and government customers.

Banma Network Technologies is a Hangzhou-based Alibaba affiliate developing connected car ecosystems powered by AliOS operating system. The company equips vehicles with in-car infotainment, voice assistants, navigation, and over-the-air updates, partnering with automakers like SAIC and Roewe for mass-market sedans and SUVs. In 2019, Banma opened its SDK to third-party developers worldwide.

Forterra is a St. Louis-headquartered defense technology firm building autonomy software for unmanned ground vehicles and robotic swarms. Launched in 2021, it supplies TerraMax platforms to U.S. Army programs, enabling leader-follower convoys and multi-domain operations. Forterra's stack integrates with ROS and integrates LiDAR, radar for off-road navigation in contested environments.

Haomo.AI is a Beijing-headquartered autonomous driving technology company, formerly Haomo Zhixing. It develops NOA systems deployed in vehicles from partners like Changan Automobile and GAC Aion. Haomo.AI's solutions include perception software, mapping, and planning algorithms for L2+ to L4 autonomy levels tested on public roads across China.

Shandong Extreme Vision Technology Co Ltd is an AI computer vision solution provider in China, delivering end-to-end solution development, deployment and management services to enterprises across diverse industries. It specializes in delivering AI computer vision solutions and large model solutions to enterprises: AI Computer Vision Solutions, Large Model Solutions. Computer vision solution, as a vital branch of AI solution, is a technological solution that simulates the human visual system to enable computers to extract information from images or videos and analyze, make decisions and interact based on this information.

TuSimple is a San Diego-headquartered developer of Level 4 autonomous driving technology for long-haul trucks, enabling depot-to-depot operations without human drivers for logistics clients. The company deploys self-driving trucks daily across US routes and partners with firms like UPS since its founding in 2015.