NCS News Desk

Space Perspective Inc. took off with a $40 million Series A round for its planned high-altitude balloon trips. Jackson, Wyoming-based venture capital firm Prime Movers Lab led the investment round for the Kenned Space Center-based company. The investment will help fund the firm’s mission to conduct the first commercial space balloon flight in 2024. Space […]

UCF’s Business Incubation Program in the past 13 months lured at least six new-to-market companies through its soft-landing program, which is aimed at out-of-state and international firms. These firms bring Central Florida the possibility of new high-wage jobs and draw cutting-edge technology closer to potential local customers and partners. “It was like the floodgates opened,” […]

A wellness technology startup will establish a Central Florida presence after a Lake Nona-based fund led its recent investment round. Portland, Maine-based KinoTek Inc. will open an office in southeast Orlando’s Lake Nona community following a $2.1 million seed round announced on Oct. 6 and led by the Lake Nona Sports & Health Tech Fund, […]

A space laser firm is beaming new operations to Central Florida. Archangel Lightworks Ltd. in May established its first U.S. office at the University of Central Florida Research Park Business Incubator, and it plans to begin scaling its local team later this year and into next year, CEO Richard Johanson told Orlando Inno. The Oxfordshire, England-based company plans […]

Lockheed Martin Corp. landed a modification to a Space Coast-based missile contract potentially worth more than $1 billion. Bethesda, Maryland-based Lockheed Martin’s Titusville operations won a $445 million contract modification for a previously-awarded U.S. Navy contract to produce Trident II missiles, the Department of Defense announced Oct. 1. This modification will be worth more than […]

NerdsToGo, a Texas computer and technology repair services franchise, plans to enter the metro Orlando market as part of a push to grow its Florida footprint by roughly 65 units by 2026. The company, based in Carrollton, Texas, near Dallas, currently has 29 stores in 16 states, including two in Florida: Tampa and Bonita Springs. […]

Private passenger train company Brightline Holdings and Siemens Mobility showcased its new modern train sets being built in Sacramento, California, for the Florida market. Siemens delivered its first train set to Brightline in 2017. Brightline’s proposition is that it can build “passenger rail on a profitable scale,” said Michael Reininger, CEO of Brightline Holdings. “We are […]

Defense and technology startup Red 6 is opening a hub in Orlando to develop its airborne tactical augmented reality system. It’s one in a long line of companies, including Lockheed Martin, Oracle, Verizon, and Deloitte, with offices in the central Florida city. For years, people have viewed the Sunshine State as primarily a vacation and a […]

FN America LLC on Oct. 4 will move into the University of Central Florida Research Park Business Incubator, Vice President of Military Operations Todd Smith told Orlando Inno. The McLean, Virginia-based company, a subsidiary of Belgian firm FN Herstal S.A., will open a small office to test and develop new marksmanship training technology. It’s a move in a […]

Florida High Tech Corridor Collaboration Wins National Prize to Elevate Underserved Women-Owned Businesses University-Based Entrepreneur Support Organizations Collaborate to Encourage Women’s Involvement in Florida’s Research and Innovation Economy The U.S. Small Business Administration selected a multi-institutional collaboration led by the Florida High Tech Corridor (The Corridor) among eight winners of its first Small Business Innovation […]

The Kraken has been released. Terran Orbital Corp. will invest $300 million in a Space Coast satellite manufacturing facility that will create 2,100 high-wage jobs, a project previously referred to as “Project Kraken.” The company, headquartered in Boca Raton and Torino, Italy, will create the jobs by fourth-quarter 2025, Florida Gov. Ron DeSantis announced in […]

Cary, North Carolina-based investment firm Cofounders Capital Management LLC made its first deal with a Florida company when it led a seven-figure investment into Orlando-based ViewStub LLC. However, the deal with the events streaming software startup is not destined to be Cofounders Capital’s last in the Sunshine State. Instead, the firm is making a push to […]

A disinfection technology firm undergoing a big growth spurt just raised millions of dollars for more hiring and international expansion. Orlando-based Violet Defense Group Inc. raised $6 million, according to an amended U.S. Securities and Exchange Commission document filed Sept. 14. The maker of ultraviolet light systems for disinfection and agriculture has raised at least […]

Project management software firm Prosperi, which helps keep electricity flowing and water clean across Brazil, is bringing similar services to the U.S. via Central Florida. Brazilian company Prosperi’s expansion efforts in the U.S. will be anchored by its Orlando operations, where the company plans to grow its workforce significantly, CEO Leonardo Nogueria told Orlando Inno. The company, recognized […]

PALMDALE, Calif. — Northrop Grumman has designed a new autonomous aircraft that it hopes will be the answer to the Air Force’s search for the next-generation of drones that could accompany manned planes into battle. Unveiled Sept. 8 at Northrop’s facility in Palmdale, California, the Model 437 — a stealthy jet with a 3,000 mile range […]

Stratolaunch selects Quantum3D’s Advanced Simulation Platform for Hypersonic Flight Training Milpitas, CA – September 13, 2021 – Quantum3D has been awarded a new contract by Stratolaunch to train pilots in their launch vehicle for hypersonic aircraft. This contract includes the delivery of the latest IDX 90 advanced Image Generator to the Stratolaunch test and training facility […]

The fund’s search for investable companies spans the globe, Rudy said. However, the fund is focused on early-stage sports tech and health tech firms, and the fund’s managers are looking for companies that will take advantage of the network of resources available in Lake Nona, which include the Johnson & Johnson Human Performance Institute, the […]

Three Orlando-based simulation companies are among the seven firms selected to work on a U.S. Navy contract worth $127 million. The contract is for work to support current training systems and develop new systems for the U.S. Marine Corps, which operates as part of the Department of the Navy. The contract mentions marksmanship, combat vehicle […]

Tim Balz has worked on a long list of successful wheelchair innovations, landing his name on a patent and leading a project endorsed by renowned physicist Stephen Hawking. Balz’s latest efforts won’t revolutionize the wheelchair, but rather, the quality of life of the people who use them. Melbourne-based Kalogon, founded by Balz last year, developed a “smart […]

COLORADO SPRINGS, Colo. — The field command of U.S. Space Force is looking to leverage investments being made by commercial space companies, an official said Aug. 25. “I call this the ‘Second Golden Age of Space,'” said  Lt. Gen. Stephen Whiting, commander of Space Operations Command. “It’s really being led by commercial space, whether that’s […]