Acquisitions, Mergers & PartnershipsAM SoftwareFinancial ReportsGenerative Design

Lockheed Martin adds $100M to venture fund, invests further in CAD company nTopology

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Aerospace and defense company Lockheed Martin reported that it has doubled its venture capital fund to $200 million. The sizeable increase in funding will be used by the company to invest in startups and early-stage companies pursuing innovation in autonomy, advanced manufacturing, sensor technologies, artificial intelligence and cyber.

Of particular interest to us, Lockheed Martin says that its $100 million in added funding—reportedly enabled by tax reform legislation—will partially go towards deepening its existing relationship with nTopology, the New York-based software company responsible for AM design and optimization software Element.

“Our investment in nTopology will bring strategic advantages in Lockheed Martin’s computational design processes and help shorten the periods between the design and manufacturing phase,” explained Chris Moran, vice president and general manager of Lockheed Martin Ventures.

Lockheed

“Our focus is on finding and investing in companies developing cutting-edge technologies that will grow our business and disrupt our industry. We’re developing long-term strategic partnerships with companies and helping them navigate through the early stages of product development while  leveraging our decades of experience working with government customers.”

Described as a “generative, function-based engineering application at the intersection of CAD, simulation and industrial manufacturing,” nTopology’s Element software is establishing itself as a valuable tool for designing and engineering parts for additive and advanced manufacturing processes.

In other words, nTopology has drawn away from more traditional feature-based CAD modeling—which entails designing parts by combining form features—and has focused instead of advancing function-based modeling, enabling the creation of functional, optimized and complex structures.

Recently, nTopology’s Element became the first CAD software to offer support for 3MF’s Beam Lattice extension, the latest specification extension released by the 3MF Consortium. In addition to Element’s optimized lattice generator (which take user-defined inputs and imported data into account), the software now allows users to easily share its lattice file format (LTCX) with other enterprise-grade CAD programs.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Tess Boissonneault

Tess Boissonneault is a Montreal-based content writer and editor with five years of experience covering the additive manufacturing world. She has a particular interest in amplifying the voices of women working within the industry and is an avid follower of the ever-evolving AM sector. Tess holds a master's degree in Media Studies from the University of Amsterdam.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.