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Tag: Bedrock Security

Bedrock Security has raised $10,000,000.00 in Seed Funding.

Bedrock Security has raised $10,000,000.00 in Seed Funding.

April 9, 2024 Craig Etkin

Bedrock Security has raised $10,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Pranava Adduri played a key role in securing the recent investment and it will aid in…

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ZeroMark, a pioneering defense technology startup, has announced a $7 million seed funding round led by prominent venture capital firms Ground Up Ventures and Andreessen Horowitz. This investment accelerates the development of ZeroMark’s groundbreaking AI-powered auto-aiming system, which transforms standard infantry rifles into highly effective counter-drone solutions, providing a “handheld Iron Dome” accessible to every soldier. “The proliferation of drone technology poses an evolving threat to our armed forces,” said Joel Anderson, CEO of ZeroMark. “Our mission is to empower every soldier with a cost-effective, highly portable counter-drone solution that delivers unparalleled performance. With the support of our investors, we are ready to deploy this critical capability and ensure our defenders maintain a decisive edge on the battlefield.” The seed funding will accelerate product development, enhance feature integration, and expand operational capabilities. ZeroMark’s technology seamlessly installs on any standard carbine or rifle without tools, and features real-time threat analytics, identification of friend vs foe, and automatic aim augmentation — crucial for maintaining tactical superiority in complex environments. ZeroMark is a defense technology company specializing in advanced counter-UAS solutions and precision targeting systems. With a commitment to innovation and soldier accessibility, ZeroMark equips defense and security forces with the most effective and user-friendly capabilities to counter emerging threats.

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Hayes Innovation Center for Advanced Manufacturing or HICAM is a 50,000-square-foot space that is being renovated to house an advanced manufacturing and robotics center, will have coworking space for robotics startups and classrooms to help people with new careers. The $20 Million facility will be located on a nearly 8-acre tract at 6201 Quinn Luke Trail in East Austin, just off of the State Highway 130 corridor and a few miles north of Tesla's electric vehicle factory. The facility formerly housed the Clean Energy Tech Center and is about 12 miles from downtown Austin. HICAM's board is led by entrepreneur and venture capitalist Marc Spier, and the organization will be overseen by executive director Marcus Metzger. The project, designed by Danze & Blood Architects, is currently in its first phase, which includes renovations and designs of common areas in one half of the building. The center, which will include space for classrooms, events and coworking will open to tenants in the fall of 2024. According to the company website HICAM, an Austin-based nonprofit, is Accelerating Advanced Manufacturing in Texas with economic and workforce development programs to support startups in the Automation, Robotics, Additive Manufacturing, and Machine Learning industries.

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According to state and local development sources, Allworth Financial plans to invest $3 Million to build out 18,536 square feet of new space in Addison. The project designed by BHA Studio, consists of remodeling existing white box, vacant space, to new corporate offices. The building, located at 15725 North Dallas Parkway, known as Two Addison Circle, is located roughly 15 miles north of downtown Dallas. Two Addison Circle was built in 2009 and has 6 Stories and 198,686 square feet of space. Award-winning Allworth Financial is an education-based fiduciary investment management and comprehensive financial planning firm. For over three decades, Allworth has provided tens of thousands of clients nationwide with sound insights and personalized guidance about investing, estate planning, Social Security strategies, money-saving tax planning, retirement preparation, and more. Founded in 1993 in Sacramento California, with approximately $19 billion in assets under advisement, and clients in all 50 states. With 37 offices nationwide, and with its direct and educational approach to advising, Allworth is an award-winning, full-service RIA that specializes in investment management, tax planning and preparation, estate planning, and 401(k) management. Allworth delivers short and long-term financial guidance to help clients achieve their goals and strategically prepare for retirement, and has consistently been recognized throughout the industry, winning multiple Best Places to Work awards.

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