Elve Secures $15M in Series A Funding to Increase Manufacturing and Expand Customer Base
“Lockheed Martin Ventures invests in companies that offer leading edge capabilities that can transform how we do business,” said Chris Moran, Vice President and General Manager of Lockheed Martin Ventures.
- “Lockheed Martin Ventures invests in companies that offer leading edge capabilities that can transform how we do business,” said Chris Moran, Vice President and General Manager of Lockheed Martin Ventures.
- “Elve’s RF power amplifier technology has the potential to enable cost effective, resilient communications in both terrestrial and space domains.”
Elve will use this funding to grow its customer base in the space connectivity market and to increase manufacturing capabilities. - “Closing this funding round represents another significant milestone in our journey, and it will enable us to continue our mission of expanding access to fiber-like wireless connectivity,” said Dr. Diana Gamzina, CEO at Elve.
- Dr. Rich Kowalczyk, Elve’s CTO commented, “Elve’s innovation in millimeter wave TWT-based power amplifier technology offers compactness, efficiency, reliability and, most importantly, high volume production.”