Fall 2023 HCL Summit, Fundings: Capella Space, Nanoprecise, Stell Engineering
18 January 2023 - A Weekly Publication by New North Ventures
New North Ventures invites you to attend - the High Consequence Leadership Summit Fall 23' in Virginia Beach, VA-home to Naval Special Warfare Group 2 and its SEAL Teams 2, 4, 10, 8, and 18. We are bringing top performers from business innovators, the special operations community, and world-class athletes to discover the overlap between these groups. Our model is a powerful intersection between the commercial world and national security, but we equally enjoy identifying parallels to success. Whether you are a world-class athlete, an innovative startup founder, or serving our country in austere environments—preparation, grit, and an ability to see opportunities in chaos is what consequential leadership is all about. The summit will include panels with high caliber speakers and opportunities to explore topics highlighted in Brett Davis' article We Need Consequential Leadership at all Levels in Momentus Times.
Preparation, grit, and an ability to see opportunities in chaos is what consequential leadership is all about.
Founded: 2016
Key People: Co-founded by Payam Banazadeh, William Woods Ph.D, and Oriol Tintore
Elevator Pitch: Satellite radar imagery technology intended to provide continuous global coverage through clouds, smoke, fog, and darkness.
Funding: The company raised $60 million of venture funding on January 10, 2023 in a deal led by the US Innovative Technology Fund.
Founded: 2017
Key People: Co-founded by Sunil Vedula and Prashant Verma
Elevator Pitch: Predictive maintenance and reliability platform designed to read and interpret data. The company's platform offers vibration sensors for the industrial internet of things, wireless vibration sensors for both early and late-stage defects, machine learning-based health updates, secure data transmission to cloud servers, and real-time alerts and reports, enabling industries to prevent asset failures.
Funding: The company raised $13 million of Series B venture funding in a deal led by Export Development Canada on December 23, 2022. Honeywell Ventures, NSK, EC Mergers and Acquisitions, and other undisclosed investors also participated in the round.
Founded: 2013
Key People: Co-founded by Malory McLemore and Anne Wen
Elevator Pitch: Aerospace and defense supply chain software designed to digitize the relationship between aerospace companies and their suppliers with a living specification workflow.
Funding: The company raised $3.1 million of seed funding on January 17, 2023 in a deal led by Wischoff Ventures. Other undisclosed investors also participated in the round.
Intellectual Property Protection Bill Signed Into Law
President Joe Biden signed into law a bipartisan bill that seeks to protect U.S. intellectual property by imposing economic penalties on companies and individuals involved in IP theft.
“In China and other countries across the globe, foreign corporations are working – often in coordination with authoritarian regimes – to steal our cutting edge technologies to gain unfair advantages at America’s expense.”
The Protecting American Intellectual Property Act, requires a congressional report that identifies a firm or individual that has provided support for theft of U.S. trade secrets, especially if the theft poses a threat to U.S. national security, economic health, foreign policy or financial stability.
At least five sanctions will be imposed on any firm identified in the congressional report and individuals identified in the report will not be permitted entry into the U.S.
Hack Russian Files Reveal Propaganda Agreement with China
In 2021, government officials and media executives from Russia and China discussed the exchange of news and social content.
Documents found in a trove of hacked emails from Russia state broadcaster show that China and Russia have pledged to join forces in media content that supports both countries’ agendas-an ideological pushback against the U.S. as the joint enemy.
A bilateral agreement signed July 2021 makes clear that cooperating on news coverage and narratives is a big goal for both Russian and Chinese governments.
Look for a new episode of Securing the Future Podcasts wherever you listen. In our latest episode we have guest Laura Thomas of ColdQuanta, sit down with General Partner Brett Davis for an engaging conversation on the future of quantum and national security. Listen below on Spotify.