Red 6 aims to use augmented reality to produce pilots quickly and more effectively, and make them more experienced
➨ The series A round gives Red 6 a post-cap valuation of $130 million
➨ Existing investor Snowpoint Ventures contributed $25 million
➨ ATARS enables pilots to engage in simulated dog fights with synthetic enemies, during real flights
Red 6, developer of the Airborne Tactical Augmented Reality System (ATARS) for training military pilots, has landed $30 million in series A funding.
The series A round gives the California, USA-headquartered developer a post-cap valuation of $130 million. It was led by existing investor Snowpoint Ventures, which contributed $25 million. The remaining funds came from existing and new investors.
ATARS enables pilots to engage in simulated dog fights with synthetic enemies, during real flights. The visor-based, remote augmented reality system complements other training methods by giving pilots the opportunity to train against near-peer threats outdoors, on a scale yet to be achieved.
Daniel Robinson, founder and chief executive officer of Red 6, was a pilot for the Royal Air Force (RAF) who attended the UK’s equivalent to the US Navy’s Top Gun training school and was the first non-American fighter pilot to fly the F-22 Raptor.
When he founded the developer with Nick Bicanic and Glenn Snyder, he wanted to be able to “produce pilots quickly, more effectively and who are more experienced”.
Red 6 has enjoyed a period of close cooperation with the US Air Force, and previously received two Small Business Innovation Research (or SBIR) grants.
A new paradigm of military training
Commenting on the new funding, Robinson says: “This funding will further support Red 6’s mission to deliver a new paradigm of military training across all the domains of air, sea and land. We are excited to have strengthened our existing relationship with Snowpoint Ventures, who share our commitment to solve training inefficiencies for our warfighters and enhance our military’s level of combat readiness and lethality.”
Doug Philippone, co-founder of Snowpoint Ventures, adds: “Our goal is to close the national security gaps through investments and operational expertise. Red 6 is building something truly extraordinary and they are a natural fit.”
Images: Red 6