Plus, Fort Worth's Harvest Returns raises new fund; new Ryan acquisition makes 2022 its most active M&A year; OpTic Gaming acquires Dallas chatbot startup; Dallas legal education firm boosts digital content library; and Fort Worth's Novaria Group acquires firm with giant aerospace clients.
Jaunt is one of only 11 companies out of 200 entrants to get a next-stage investment from the High-Speed Vertical Take-Off and Landing Concept Challenge. Its solution, the MAV 55, uses a patented slow rotor technology that delivers a lift-to-drag ratio up to five times better than a helicopter—and ultra-low noise that's "practically imperceptible" when flying.
Beyond defense, the startup founded in 2019 is also building commercial eVTOL aircraft that can move both people and packages.
One Network, which recently also was awarded a $62M contract by the Air Force, will provide the Navy with a modernized global platform that will support both ashore and afloat capabilities.
Animal Cloud Connectivity, launched in April, has signed a software licensing agreement with the U.S. Air Force Research Laboratory to repurpose a platform used by military field medics.
Ireland-based H&MV Engineering planted its North American headquarters in Dallas. The move is part of a push to create 1,000 new U.S. jobs and reach $3.5 billion in revenue over the next five years....
The Colossal Foundation and the IUCN Species Survival Commission launched a four-year, $4 million partnership to accelerate species conservation. The foundation is the nonprofit arm of Dallas-based de-extinction company Colossal Biosciences....
Reflecting the rise of AI, two Dallas-based consulting firms that specialize in AI business products and services recently combined. CoPoint AI acquired the client engagements of Strategy for AI. The companies did not disclose the financial terms....
Ireland-based H&MV Engineering planted its North American headquarters in Dallas. The move is part of a push to create 1,000 new U.S. jobs and reach $3.5 billion in revenue over the next five years....
The Colossal Foundation and the IUCN Species Survival Commission launched a four-year, $4 million partnership to accelerate species conservation. The foundation is the nonprofit arm of Dallas-based de-extinction company Colossal Biosciences....
Reflecting the rise of AI, two Dallas-based consulting firms that specialize in AI business products and services recently combined. CoPoint AI acquired the client engagements of Strategy for AI. The companies did not disclose the financial terms....