Picogrid
Enables real-time access to remote cameras, sensors, and critical equipment in the field for years at a time.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $12.0m | Seed | |
| Total Funding | 000k | ||
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Picogrid is a defense technology company that builds a unified platform for autonomous systems, creating an open ecosystem of defense technology suppliers. The company connects and remotely controls sensors, drones, command interfaces, and other fragmented defense systems. Picogrid primarily serves military clients, including the U.S. Army and the Ukrainian Ministry of Defense, operating in the defense technology market. The business model revolves around securing federal contracts and providing technology solutions for ongoing military operations. Picogrid generates revenue through these contracts, including a notable $1B IDIQ contract from the Pentagon and a $950M contract for manufacturing its flagship sensor platform, Lander. The company is expanding its manufacturing capabilities with a new factory set to be operational in 2025, expected to create jobs and support local economies. Picogrid's technology is approved for AWS GovCloud, ensuring the handling of highly sensitive government data.
Keywords: autonomous systems, defense technology, sensors, drones, command interfaces, military operations, federal contracts, Pentagon, Lander, AWS GovCloud, manufacturing.