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ZeroMark Secures $7M in Seed Funding for “Handheld Iron Dome”

ZeroMark Secures $7M in Seed Funding for “Handheld Iron Dome”

May 31, 2024 Craig Etkin

AI-powered auto-aim tech to combat drones, other threats

May 29, 2024 06:12 PM Pacific Daylight Time

NEW YORK–(BUSINESS WIRE)–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”

“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.”

ZeroMark’s cutting-edge technology revolutionizes modern warfare by seamlessly integrating advanced computer vision and precision robotics with conventional firearms. The system is the only solution on the market that physically augments the operator’s aim, enabling them to engage threats with unparalleled speed and accuracy. By enhancing the capabilities of standard-issue rifles without impeding their functionality, ZeroMark’s unique approach improves the lethality and precision of armed forces while significantly enhancing operational safety and decision-making efficiency on the ground. This innovative technology ensures that the human remains in control while empowering soldiers to effectively combat fast-moving, low-altitude drone threats.

Jordan Odinsky, Partner at Ground Up Ventures, emphasized the critical need for companies like ZeroMark in protecting freedom and democracy. “As a firm with deep roots in Israel, we have witnessed firsthand the critical need for companies like ZeroMark to provide superior precision hardware and software systems to those that protect and defend freedom and democracy,” Odinsky stated. “We are thrilled to lead this funding round which will enable ZeroMark to have an outsized impact on the way the United States and its allies protect their citizens, law enforcement, and warfighters.”

Andreessen Horowitz (a16z), one of the most prominent venture capital firms in the world and the driving force behind the American Dynamism movement, also led the funding round. “Military precision is critical in the next generation of warfare. We’re proud to support ZeroMark as they build new technology to protect and serve armed forces on the battlefield,” said Katherine Boyle, a General Partner at Andreessen Horowitz. ZeroMark’s groundbreaking work has earned them a place in a16z’s American Dynamism portfolio.

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’s impressive traction is driven by a team of experts and veterans from across the military and technology sectors, including former special operators, leading engineers in computer vision and robotics, and advisors with deep government and security experience.

About ZeroMark

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.

About Ground Up Ventures

Ground Up Ventures is an early-stage venture capital firm based in the United States and Israel. The firm invests in mission-oriented founding teams and helps them build enduring businesses from scratch as an extension of their headcount.

About Andreessen Horowitz

Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm’s American Dynamism practice invests in founders and companies that support the national interest: aerospace, defense, public safety, education, housing, supply chain, industrials, and manufacturing.

Contacts

For further information or to schedule an interview, please contact:
ZeroMark Media Relations
Email: press@zeromark.com
Phone: (212) 903-2227
Website: www.zeromark.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, New York, New York City, Venture Capital, ZeroMark

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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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