March 10th, 2022
ATLANTA, GA - Pallas Ventures is proud to partner with Hermeus, a startup developing innovative, Mach 5 hypersonic aircraft that will bring speed and agility to the national security mission, with an investment in its Series B funding round.
Led by Sam Altman, this $100M funding round includes new investors Founder's Fund and In-Q-Tel, as well as Khosla Ventures, Canaan Partners, Bling Capital, and Revolution’s Rise of the Rest.
On the path to hypersonic passenger aircraft, Hermeus is partnering with government agencies including the US Air Force and NASA to develop a series of autonomous aircraft that derisk the technology and solve urgent national security challenges. According to the full press release, the additional venture funding will allow Hermeus to “complete development of Hermeus’ first aircraft Quarterhorse, begin flight services operations, and accelerate development of its next aircraft Darkhorse – an uncrewed aircraft capable of sustained hypersonic flight.”