Houston Texas based Venus Aerospace has filed to raise $33 Million in new funding.

Houston Texas based Venus Aerospace Corp. has filed a Notice of Exempt Offering of Securities to raise over $33 Million in new funding. According to filings with the U.S. Securities and Exchange Commission, Venus Aerospace has raised nearly $16 Million from 17 investors. The company also announced the addition of Airbus Ventures to its team of investors. In Spring 2022, the company raised its $20M Series A, led by Prime Movers Lab, to fund engine development and subscale initial flight testing for building its Mach 9 hypersonic drone and Mach 9 spacecraft, both capable of one-hour global travel. In a statement Aerospace CEO and co-founder Sassie Duggleby said, Venus has developed the world’s first liquid-propellant rotating detonation rocket engine (RDRE) with a double-digit percentage increase in efficiency over standard regular engines, making the hypersonic economy possible.
Headquartered in Houston, Texas, Venus Aerospace is a startup aerospace company focused on engineering the future of hypersonic flight. An expert team of PhD’s, rocket scientists, and engineers taking on the biggest challenges in aerospace at Mach 9 speed, Venus is making one-hour global transport possible to connect the world and make it safer. Venus has been awarded contracts with NASA and US Defense Agencies to accelerate the development and transition of its RDRE technology to enhance existing government missions. The company’s advancements can also enable more efficient travel in and through space. Source: www.intelligen... and intelligence36...