I / Investment thesis
Foundational technology.
Across markets.
We back founders building technologies that can become essential across defense and commercial markets.
What we believe
A demanding problem can reveal a broader opportunity.
A technology developed for one customer can create value across an industry. We look for the underlying capability, the strength of the business, and the opportunities beyond its first application.
Our focus
01National security
Capabilities that strengthen defense and the systems it depends on.
02Industry
Advances in how we manufacture, power, and operate the physical world.
03Enterprise
Technology that helps organizations operate securely and effectively.
What we look for
Embedded in critical systems
We look for technologies that become essential to how critical systems operate.
Beyond the first application
We seek capabilities whose value can extend from an initial defense or commercial application into broader markets.
Independent growth
We back businesses with a path to durable growth beyond any single customer, contract, or potential acquirer.