January 28, 2021
Washington, DC -
Pallas Ventures has joined an extension round of 2.1 million with a new investment to support Second Front Systems as a strategic partner. Led by Artis Ventures, this extension round comes on top of their original $6 million seed round, which included investments from 8VC, Kleiner Perkins, Gula Tech Adventures, and Abstract Ventures.
Second Front Systems (2F) is a public benefit software company that equips defense and national security professionals for long-term, continuous competition for access to emerging technologies. The additional venture funding will be used to expand capabilities of Atlas Fulcrum, Second Front’s core software platform. Pallas Ventures is proud to support 2F as it fast-tracks government access to disruptive, commercially proven technology for national security missions.
“One of the key areas limiting the U.S. national security community is the speed and scale with which we can identify, test, acquire, and integrate emerging technology,” said Richard Spencer, Pallas Ventures Managing Director, and former Secretary of the Navy. “Second Front’s product-first approach to a highly bureaucratic and laborious process provides the Department of Defense and the U.S. Government with the critical tools needed to increase the speed and impact of investments in modernization and emerging technologies.”
Find more information about Pallas Ventures here, and find the full press release from Second Front Systems here.