When it comes to keeping our country safe, Palo Alto-based Vannevar Labs has positioned itself at the frontlines. The defense tech company announced Wednesday its $75 million Series B funding round to build out new solutions. The round was led by Felicis and brings Vannevar’s capital raised to date to $90 million.
Vannevar’s Decrypt product helps public servants working on military and foreign policy decisions better understand, target and respond to foreign actors, according to the company. The foreign text workflow solution uses artificial intelligence to fuel its natural language processing capabilities for translating sources. It also includes data collection and sharing features as well as third-party integrations with government and commercial apps.
Since the product’s launch in 2021, 15 government agencies have deployed Decrypt, and the platform has hit $25 million in sales. Additionally, Vannevar launched two more products over the course of 2022 for different mission areas.
With its fresh funding, Vannevar will further its product development even more. Along with building out new solutions, the company hopes to win its first multi-year program from Decrypt.
“We exist to bring the best engineering and product talent to the most important national security problems,” Brett Granberg, Vannevar Labs’ CEO, said in a statement. “This funding will allow us to much more aggressively invest in R&D for the products we’re fielding with the government.”
As it continues its growth into the new year, Vannevar is hiring new talent with a range of remote-friendly positions. Available roles on its careers page span business development, engineering and internal operations.
