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A Melbourne-based robotics company landed the biggest venture capital deal on the Space Coast this year, a testament to its experienced team and a sign of growing venture capital interest in the region, according to a local investor.
Tomahawk Robotics Inc. closed a $10 million venture capital round in April, according to data released in July by PitchBook and the National Venture Capital Association. Venture capital deals like this can fuel growth at companies like Tomahawk, supporting new high-wage jobs and the creation of innovative solutions other businesses can use.
The Department of Defense’s use of robotics and artificial intelligence has “intensified,” National Center for Simulation Chief Operating Officer Neal Finkelstein previously told OBJ. That not only creates opportunities for companies like Tomahawk, but also creates demand for companies in Central Florida’s $6 billion modeling, simulation and training industry to develop simulated 3-D environments for unmanned military systems, said Finkelstein, who served in the Department of Defense for 31 years.
