Hermeus hits $1B valuation, raises $350M and moves HQ from Atlanta to Los Angeles.
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Hermeus hits $1B valuation, raises $350M and moves HQ from Atlanta to Los Angeles. Defense aviation company Hermeus hit the $1 billion "unicorn" mark this week following the announcement of a $350 million Series C ($200 million in venture capital and a $150 million debt financing). On top of the capital injection (led by returning investor Khosla Ventures), the Atlanta-founded company announced it is packing up and moving its HQ to El Segundo, the city directly south of the Los Angeles International Airport. Hermes will keep its facility open in Atlanta, shifting its focus to production. No layoffs in Atlanta are planned, per reporting from the Atlanta Journal-Constitution. Hermes is building unmanned aircrafts for national security missions, working with the Department of War and other governmental organizations. Other investors in the company include NASA, US Air Force, and Sam Altman. The team includes more than 275 employees spread across Atlanta, Los Angeles, DC, and Jacksonville. "Speed is life for us," said AJ Piplica, Founder and CEO of Hermeus, in a press release. "This new funding lets us build multiple aircraft at the same time and scale our manufacturing capabilities, adding more hardware richness and robustness to our program. That accelerates our path to ramjet-powered flight. We are grateful for the support of our long-term partners who share our vision...
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