Aerospace company Ursa Major Technologiesannouncedthat it raised $138 million in a pair of funding rounds. Ursa Major plans to use the funds to build Lynx — its new solid rocket motor program — and scale production capacity and support various propulsion programs.
Ursa Major secured $138 million in two funding rounds, including a Series D round and an ensuing Series D-1 round. In the year since its last funding round, Ursa Major founder and CEO Joe Laurienti stated that the company added government and commercial customers and delivered dozens of engines.
Additional achievements since the last round of funding included the introduction of Draper. This storable liquid engine can counter hypersonic weapons, along with progress on the 50,000-pound-thrust Ripley engine and the 5,000-pound-thrust Hadley engine.
The company also recently announced its plans toprovide3D-printed solid rocket motors for munitions. Ursa Major contends that it can use 3D printing to decrease the part count and assembly time of liquid rocket engines and simplify design changes.
According to Ursa Major, a single machine from the 3D printing production process used in the company’s Lynx program can print over 1,650 man-portable rocket motor casings annually and construct multiple rocket motors simultaneously.
Image Credit: Ursa Major
