Picogrid collects $45M Series A round to integrate defense systems

Picogrid, a developer of data fusion products for systems integration usage, has collected $45 million in Series A capital from investors to aid efforts at expanding the portfolio of offerings and accelerate deployments.

The company opened for business in 2020 to build hardware and software for military operators to connect, control and integrate different types of autonomous systems and sensors. As Picogrid sees the world, integrating those systems into military networks has become a bottleneck situation and should only have to happen once for the entire ecosystem.

Bessemer Venture Partners led the Series A round announced Friday. Washington Harbour Partners and GSBackers joined the fold as new investors. Initialized Capital, Starburst Ventures, Credo Ventures, Giant Step Capital and Alumni Ventures are among the returning investors.

With this newfound investment, Picogrid will push to expand the network of industry partners that participate in its 100-company strong vendor ecosystem. Skydio, Northrop Grumman, Echodyne, CX2 and Neros are examples of companies that already participate in the network.

"The systems are getting better, but the seams between them aren’t keeping up," Picogrid CEO Zane Mountcastle said in a release. "Operators in the field are paying that tax every day, and our job is to take it off them. This funding helps us meet demand already in front of us from U.S. forces and allies, continue to invest in the infrastructure powering the next generation of defense and scale our production in California, Oklahoma, and across the country."

Picogrid’s family of products includes Legion, a data fusion platform that is designed to act as a connective tissue between disparate military systems so they can communicate with one another.

The company also designs its Helios node to provide physical hardware infrastructure and edge computing resources for systems to connect into Legion.