Inc., an innovative technology company providing industry-leading avionics solutions for Uncrewed Aerial Systems (UAS), announced recently that the company received a $12 million investment from Due West Partners, a Seattle-based private investment firm.
The investment will enable acceleration of Sagetech’s product roadmap, specifically UAS Detect and Avoid (DAA) capability and other related technologies. Terms of the transaction were not disclosed.
“We are excited to partner with Due West Partners” stated Tom Furey, CEO of Sagetech Avionics. “Their experience in scaling aerospace companies and deep network of experts in the Defense and Aerospace ecosystem will provide substantial benefits to Sagetech as we continue our growth in the exciting UAS and Advanced Air Mobility (AAM) markets. Sagetech is honored that Due West recognizes the strength in our market position and the future value of our technology roadmap, and we are looking forward to a lasting and mutually beneficial relationship.”
Sagetech Avionics provides the most advanced technology core for type certifiable detect and avoid systems for UAS. With this investment, Sagetech will expand their Engineering and Go-To-Market teams in order to support the growing demand for DAA and other situational awareness solutions worldwide.
“Sagetech combines a unique blend of advanced situational awareness solutions, which are crucial to unlocking the future potential of the UAS and AAM markets, with an unmatched history of providing reliable miniature avionics for use in the US Department of Defense,” said Nick Wellmon, Managing Partner of DWP. “Proven technologies and customer credibility plus significant market potential create a very exciting opportunity.” “Situational awareness products are required technology for safe integration of crewed and uncrewed vehicles into managed airspace, and Due West Partners is pleased to support a company helping customers overcome these challenges,” said Robert Dickinson, Managing Partner of DWP.
Source: Press Release