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Lockheed Martin doubles venture capital fund to $200M

Global security and aerospace company Lockheed Martin Corp. expanded its venture capital fund to $200 million from $100 million. The new funding comes as a result of tax reform legislation.

Lockheed Martin Ventures will invest the additional capital in early-stage companies focused on sensor technologies, autonomy, cyber and artificial intelligence.

The fund's latest investment was to increase its position in nTopology Inc., which developed the ELEMENT emerging software technology tailored for the high-growth additive and advanced manufacturing sectors.