RTX Ventures invests in EpiSci to further develop next generation autonomy solutions

Rhea-AI Summary

RTX Ventures, the investment arm of Raytheon Technologies (NYSE: RTX), has acquired a minority stake in autonomous solutions company EpiSci. This investment aims to bolster EpiSci's Tactical AI technology, enhancing its capabilities in creating trusted human-AI collaboration in defense applications. EpiSci plans to advance its model-based autonomy systems across various domains including land, sea, air, and space. The partnership aligns with Raytheon's focus on developing innovative technologies in secure ecosystems and artificial intelligence.

Positive

• Minority investment in EpiSci to enhance Tactical AI technology.
• Support from RTX Ventures to scale EpiSci's collaborative autonomy solutions.
• Focus on advancing model-based autonomy architecture for military applications.

Negative

• None.

ARLINGTON, Va., Dec. 8, 2022 /PRNewswire/ -- RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX), has made a minority investment in autonomous solutions company EpiSci. The investment aligns with Raytheon Technologies' longstanding leadership in the development of advanced autonomous technologies and will help drive the growth of EpiSci's Tactical AI technology.

"EpiSci is a leader in rapidly deployable, hardware-agnostic autonomy solutions and a key enabler to the AI-embedded battlefield of the future," said Daniel Ateya, managing director of RTX Ventures. "As an early investor we plan to support EpiSci's endeavors in creating a trust-based, collaborative environment between humans and AI-enabled machines."  

As part of this investment, EpiSci will benefit from RTX Ventures' guidance as the company works to advance and scale its core Tactical AI technology. EpiSci is planning to advance collaborative autonomy solutions and demonstrate the advantages of adopting a model-based autonomy architecture. These areas of potential collaboration have the ability to further enable the development of state-of-the-art tactical autonomy solutions across land, sea, air, and space applications.

"Receiving an investment from RTX Ventures confirms that our model-based hybrid Tactical AI is a viable approach for enabling trusted autonomy for the future," said Bo Ryu, president of EpiSci. "We firmly believe that our Tactical AI delivers both the trust and performance that human operators need and minimizes the limitations of end-to-end machine learning approaches. With RTX Ventures' support, we are excited to scale our Tactical AI technology across multiple battlefield domains."

RTX Ventures supports companies developing technologies that are strategically aligned to the Raytheon Technologies portfolio, with an emphasis on four broad priority areas: secure and connected ecosystems, autonomy and artificial intelligence technologies, power and propulsion systems, and precision sensing and effects.

About Raytheon Technologies 
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, Virginia.

About EpiSci
EpiSci is a multidisciplinary innovation company that develops next generation mission autonomy solutions for national security problems. The company specializes in delivering the most trusted and resilient autonomous systems from ground to space applications. EpiSci's Tactical AI technology is powerful, reliable, and quickly adaptable to emerging missions and challenges – from building trustworthy AI pilots and precision sensing and effects for F-22 and F-16 aircrafts, human-centric man-unmanned teaming for next generation air dominance and developing advanced wireless tactical communication systems for first responders, to powering autonomous UAV swarms with sensor fusion. For more information, please visit www.episci.com. 

Media contact: 
Shannon N. Booker, Raytheon Technologies 
202-209-1824 
Shannon.booker@rtx.com    

View original content:https://www.prnewswire.com/news-releases/rtx-ventures-invests-in-episci-to-further-develop-next-generation-autonomy-solutions-301697164.html

SOURCE Raytheon Technologies

FAQ

What is the significance of RTX's investment in EpiSci?

RTX Ventures' investment in EpiSci enhances its commitment to developing advanced Tactical AI technologies for military applications.

When was the investment by RTX Ventures announced?

The investment announcement was made on December 8, 2022.

What technology will EpiSci focus on after the investment?

EpiSci will focus on advancing its model-based Tactical AI technology, which enhances human-AI collaboration.

How does this investment align with Raytheon Technologies' strategy?

The investment aligns with Raytheon's focus on secure ecosystems and autonomy technologies, crucial for modern defense solutions.

What are the potential applications of EpiSci's Tactical AI technology?

EpiSci's Tactical AI technology can be applied across land, sea, air, and space, addressing national security challenges.