ANELLO Photonics has announced the closure of its Series B funding round. The funding aims to speed up the development of its chip-based optical gyroscope technology. This new technology allows autonomous systems to work well in places where GPS signals are blocked or not available at all.
The funding round was co-led by well-known investors, including Lockheed Martin. ANELLO’s X3 compact 3-axis optical gyroscope inertial measurement unit is at the heart of this innovation. It marks a major step forward in navigation technology for defense and many other uses.
The company’s optical gyroscope is expected to be a key part in making autonomous vehicles and other systems that need precise navigation work better and more reliably without GPS. The large financial backing shows the growing interest and investment in technologies that provide answers for GPS-denied operations. This is a very important concern in modern defense strategies and other fields.
Anello secures Series B funding
ANELLO Photonics is actively working with leading customers across different industries. These include construction, agriculture, trucking, robotics, unmanned aerial vehicles, unmanned underwater vehicles, autonomous vehicles, defense, and national security.
Dr. Mario Paniccia, CEO and co-founder of ANELLO Photonics, stated: “We are excited to announce our new Series B funding round as well as our new investors in ANELLO. This investment not only validates our SiPhOG technology and products in the marketplace but will also allow us to accelerate our manufacturing and product development as we continue to push the boundaries and leadership for navigation capabilities and performance to our customers who want solutions for GPS-denied environments.
Chris Moran, Vice President and General Manager of Lockheed Martin Ventures, said: “We’re committed to fostering the art of the possible with investments in cutting-edge technologies, including advancements in inertial navigation that have the potential to enhance autonomous operations in GPS-denied environments.
Our continued investment in ANELLO reflects our mission to accelerate technologies that can ultimately benefit national security.
Tony Fadell, Build Collective Principal and Nest Founder, commented: “Every week there’s an article about a commercial flight or defense-related mission getting GPS jammed like thousands of flights to and from Europe affected by suspected Russian jamming. GPS has become a single point of failure because it’s too easily compromised with various jamming and spoofing techniques. ANELLO’s proven and commercially available optical gyroscope is the only navigational tool that can take over – precision over long periods of time, the size of a golf ball, low power, low cost, that’s immune to shock and vibration.
ANELLO will save lives in the air, on the road, and over water.
