SANTA MONICA, CA, Red 6 has closed a $30 million Series A round at a $130 million post cap valuation.
Red 6, a revolutionary Augmented Reality technology firm at the forefront of synthetic air combat training, is proud to announce it has closed a $30 Million Series A round at a $130M post cap valuation. The round was led with a $25M investment by Snowpoint ventures, an existing investor in Red 6. An additional $5M was raised from existing and new investors. "I am delighted to announce our Series A today. This funding will further support Red 6's mission to deliver a new paradigm of military training across all the domains of air, sea and land. We are excited to have strengthened our existing relationship with Snowpoint Ventures, who share our commitment to solve training inefficiencies for our warfighters and enhance our military's level of combat readiness and lethality," said Daniel Robinson Founder and CEO of Red 6.
Red 6 was founded in 2018 by Daniel Robinson, Glenn Snyder and Nick Bicanic and is the creator of Airborne Tactical Augmented Reality System (ATARS). ATARS is the first wide field-of-view, full color demonstrably proven outdoor Augmented Reality solution that works in dynamic outdoor environments. ATARS allows Virtual and Constructive assets into the real-world by allowing pilots and ground operators to see synthetic threats in real-time, outdoors and critically, in high-speed environments. By blending Augmented Reality and artificial intelligence and using both the indoor and outdoor space around us as a medium, Red 6 has redefined the limits of how the world will experience, share, and interact with its information.
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