# Lockheed Martin: portfolio, investments and team

> Lockheed Martin is a corporate vc based in United States. 80 investments on record, 24 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/lockheed-martin-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Lockheed Martin

Last cheque observed Oct 2026; 80 cheques on record.

Email

Deploying now Corporate VC

Seed Series A Series B Aerospace Sustainability Social

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Deploying now

**92%** of best year **24** **cheques in 12 months**, 80 on record

Since the last cheque **26** days **00** hrs **00** min **00** sec

Median round **$27M** Rounds led **1 of 80** Sole investor **6 rounds** Exits **1 from the portfolio** Mostly in **United States, 87%**

Pitch Lockheed Martin

## Lockheed Martin highlights

- 01 24 cheques in the last 12 months
- 02 Mostly Series B and Series A: 54% of its rounds
- 03 Sole investor in 6 rounds, median $22M
- 04 1 exits from the portfolio

## What they do

> The homepage lists 'LM Ventures' under 'INNOVATION & INVESTMENT'. From their own website

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Aerospace Sustainability Social
- **Based in:** Bethesda, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **80 appearances**

- **2026** 20 rounds
- **Oct** **[Living Optics](https://millionrounds.com/company/living-optics)** GB · Ventureburn **$20M** With 6 others
- **Sept** **[CloudNC](https://millionrounds.com/company/cloudnc)** Series B · GB · TechCrunch **$20M** With 7 others
- **Sept** **[QRA](https://millionrounds.com/company/qra)** Grant · CA **$289K** With 4 others
- **Sept** **[Tile.ai](https://millionrounds.com/company/tile-ai)** Venture **$34M** With 5 others
- **Aug** **[REGENT Craft](https://millionrounds.com/company/regent-craft)** Series B · US · Ventureburn **$240M** With 7 others
- **Jul** **[Venus Aerospace](https://millionrounds.com/company/venus-aerospace)** Series B · US · TechCrunch **$90M** With 6 others
- **May** **[Havoc](https://millionrounds.com/company/havoc)** Series A · US · Outlander VC **$100M** With 17 others
- **May** **[RED 6](https://millionrounds.com/company/red-6)** Venture · US **Undisclosed** With 3 others
- **Apr** **[Firestorm Labs](https://millionrounds.com/company/firestorm-labs)** Series B · US · TechCrunch **$82M** With 10 others
- **Apr** **[Liquid Instruments](https://millionrounds.com/company/liquid-instruments)** Series C · US · Startup Daily **$50M** With 3 others
- **Apr** **[Latent](https://millionrounds.com/company/latent)** Series A · US · Ventureburn **$80M** With 8 others
- **Apr** **[Fortem Technologies](https://millionrounds.com/company/fortem-technologies)** Series B · US **$25M** With 1 other
- **Apr** **[IonQ](https://millionrounds.com/company/ionq)** Grant · US **$20M** With 3 others
- **Apr** **[South 8 Technologies](https://millionrounds.com/company/south-8-technologies)** Grant · US **$9.2M** With 4 others
- **Mar** **[HawkEye 360](https://millionrounds.com/company/hawkeye-360)** Series E · US **$23M** With 4 others
- **Feb** **[SatVu](https://millionrounds.com/company/satvu)** Venture · GB **$41M** With 3 others
- **Feb** **[Machina Labs](https://millionrounds.com/company/machina-labs)** Series C · US **$124M** With 4 others
- **Jan** **[Fiddler AI](https://millionrounds.com/company/fiddler-ai)** Series C · US · Mozilla Ventures **$30M** With 12 others
- **Jan** **[Agile Space Industries](https://millionrounds.com/company/agile-space-industries)** Venture · US **$22M** Sole investor
- **Jan** **[Agile Space Industries](https://millionrounds.com/company/agile-space-industries)** Series A · US **$17M** With 2 others
- **2025** 19 rounds
- **Dec** **[Vatn Systems](https://millionrounds.com/company/vatn-systems)** Series A · Trousdale Ventures **$60M** With 7 others
- **Dec** **[Mythic](https://millionrounds.com/company/mythic)** Series D · US **$125M** With 6 others
- **Nov** **[Teradar](https://millionrounds.com/company/teradar)** Series B · US · TechCrunch **$150M** With 5 others
- **Nov** **[X-Bow Launch Systems](https://millionrounds.com/company/x-bow-launch-systems)** Debt · US **$6.0M** With 3 others
- **Oct** **[Venus Aerospace](https://millionrounds.com/company/venus-aerospace)** US · Trousdale Ventures **Undisclosed** *Led*
- **Oct** **[IonQ](https://millionrounds.com/company/ionq)** US **$2.0B** With 3 others
- **Oct** **[Launchpad.build](https://millionrounds.com/company/launchpad-build)** Series A · US **$8.5M** With 1 other
- **Sept** **[Light](https://millionrounds.com/company/light)** Series A · US **$30M** With 6 others
- **Jun** **[Phoenix Semiconductor](https://millionrounds.com/company/phoenix-semiconductor)** Seed · US **$5.5M** With 1 other
- **May** **[X-Bow Launch Systems](https://millionrounds.com/company/x-bow-launch-systems)** Series B · US **$35M** With 2 others
- **May** **[mPower Technology](https://millionrounds.com/company/mpower-technology)** Series B · US **$21M** With 2 others
- **Apr** **[Lux Semiconductors](https://millionrounds.com/company/lux-semiconductors)** Seed · US **$2.9M** With 2 others
- **Apr** **[CalypsoAI](https://millionrounds.com/company/calypsoai)** Venture · US **$5.0M** With 3 others
- **Apr** **[Electra.aero](https://millionrounds.com/company/electra-aero)** Series B · US **$115M** With 1 other
- **Mar** **[Cybereason](https://millionrounds.com/company/cybereason)** Growth · US · AlleyWatch **$120M** With 5 others
- **Jan** **[Shield AI](https://millionrounds.com/company/shield-ai)** Growth · US · TechStartups **$200M** With 6 others
- **Jan** **[Cambium](https://millionrounds.com/company/cambium)** Series B · US · Firms' own news pages **$100M** With 11 others
- **Jan** **[Meteomatics](https://millionrounds.com/company/meteomatics)** Series C · CH **$22M** Sole investor
- **Jan** **[DeepSig](https://millionrounds.com/company/deepsig)** Venture · US **Undisclosed** With 2 others
- **2024** 12 rounds
- **Dec** **[Ayar Labs](https://millionrounds.com/company/ayar-labs)** Series D · US · Crunchbase News **$155M** With 14 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **55** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**2+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[IPWireless](https://millionrounds.com/company/ipwireless)** Bought by General Dynamics **$150M** May 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**[Sikorsky Aircraft](https://millionrounds.com/company/sikorsky-aircraft)** **$9.0B** Jul 2015

**Systems Made Simple** **Undisclosed** Oct 2014

**[Sun Catalytix](https://millionrounds.com/company/sun-catalytix)** **Undisclosed** Aug 2014

**BEONTRA** **Undisclosed** Mar 2014

**CDL Systems** **Undisclosed** Dec 2012

**QTC Holdings** **Undisclosed** Aug 2011

**Gyrocam Systems** **Undisclosed** Jul 2009

**Universal Systems & Technology** **Undisclosed** Dec 2008

## The cheque

Seed Series A Series B

Median round joined **$27M** the round, not its cheque Alone, median **$22M**

Led 1 of 80 rounds **1%**

- **Sole investor:** 6 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B said *19*
- Series A said *16*
- Venture *13*
- Series C *6*
- Seed said *6*
- Series D *5*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 16
- [Spark Capital](https://millionrounds.com/fund/spark-capital) 8
- [Lux Capital](https://millionrounds.com/fund/lux-capital) 6
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 5
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 5
- [DCVC](https://millionrounds.com/fund/data-collective) 4

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## Who they invest alongside

The investors most often in the same rounds as Lockheed Martin. A count of rooms they were both in, not a relationship either has claimed.

[**Alumni Ventures** VC firm **16** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Spark Capital** VC firm **8** rounds together](https://millionrounds.com/fund/spark-capital)[**Lux Capital** VC firm **6** rounds together](https://millionrounds.com/fund/lux-capital)[**National Science Foundation** Government **5** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**DCVC** VC firm **4** rounds together](https://millionrounds.com/fund/data-collective)[**Gaingels** Private equity **4** rounds together](https://millionrounds.com/fund/gaingels)[**8VC** VC firm **3** rounds together](https://millionrounds.com/fund/8vc)[**Fidelity** VC firm **3** rounds together](https://millionrounds.com/fund/fidelity)[**Intel Capital** Corporate VC **3** rounds together](https://millionrounds.com/fund/intel-capital)[**Liquid 2 Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/liquid-2-ventures)[**New Enterprise Associates** VC firm **3** rounds together](https://millionrounds.com/fund/new-enterprise-associates)

## Recently backed

The latest companies Lockheed Martin put money into.

[**Living Optics** $20M · Oct 2026](https://millionrounds.com/company/living-optics)[**CloudNC** $20M · Sept 2026](https://millionrounds.com/company/cloudnc)[**QRA** $289K · Sept 2026](https://millionrounds.com/company/qra)[**Venus Aerospace** $90M · Jul 2026](https://millionrounds.com/company/venus-aerospace)[**RED 6** May 2026](https://millionrounds.com/company/red-6)[**Liquid Instruments** $50M · Apr 2026](https://millionrounds.com/company/liquid-instruments)

## On podcasts

1 episode naming Lockheed Martin in the title, and 2 more that mention it.

- [Acquired](https://millionrounds.com/podcasts/acquired) 30 May 2023 · 3h 31m Lockheed Martin Mentions [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures)[Steve Blank](https://millionrounds.com/fund/steve-blank) Apple PodcastsShow page

### Mentioned in

- [Grit](https://millionrounds.com/podcasts/grit) 2 Oct 2023 · 1h 0m #158 CRO Anduril Industries, Matt Steckman: On Defense Apple PodcastsShow page
- [Angel Insights](https://millionrounds.com/podcasts/angel-insights) 23 Dec 2015 · 28 min Investing in Hailo and Going With Your Gut with Julian Ranger, Founder @ Digi.me Apple PodcastsShow page

## Quick answers about Lockheed Martin

### What does Lockheed Martin invest in?

Lockheed Martin invests most often at Series B and Series A (54% of the rounds on record), in sectors such as Aerospace, Sustainability and Social.

### How active is Lockheed Martin?

80 investments on record, 24 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Lockheed Martin invested in recently?

Its most recent investments on record: Living Optics (Oct 2026), CloudNC (Series B, Sept 2026) and QRA (Grant, Sept 2026).

### How big are Lockheed Martin's cheques?

The median round it joins is $27M.

### Does Lockheed Martin lead rounds?

Sometimes: it led 1 of its 80 investments on record (1%).

### Where does Lockheed Martin invest?

Most of the companies it backs are in the United States (87%) and the United Kingdom (8%).

### Is Lockheed Martin investing now?

Yes: it is actively investing, with 24 investments in the last 12 months.

### Who does Lockheed Martin invest alongside?

Most often Alumni Ventures (16 rounds together), Spark Capital (8 rounds together) and Lux Capital (6 rounds together).

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