# Vannevar Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vannevar-labs

- Industry: IT Security/Cybersecurity
- Headquarters: Palo Alto, US
- Website: www.vannevarlabs.com
- Total disclosed funding: $91M
- Latest round: Series B (Oct 1, 2022)
- Investors on record: 7

## About

Vannevar Labs, based in the US, is a digital security firm that provides advanced hardware and software solutions aimed at enhancing national security through enhanced situational awareness and decision-making capabilities.Vannevar Labs, Inc. specializes in developing technologies for national security. Founded in 2019 and headquartered in Palo Alto, US, the company has successfully completed three deals, with its most recent funding round being a Series B in October 2022, where it raised USD 75.00 mn led by Felicis Ventures. Nini Hamrick is the founder, and Brett Granberg serves as the CEO. The company has a current valuation of USD 585.57 mn.Vannevar Labs specializes in developing advanced hardware and software solutions aimed at enhancing national security through comprehensive situational awareness and decision-making capabilities. Their core offerings include a global sensing grid that integrates digital and physical data collection methods, facilitating real-time insights for operational planning across diverse missions. The company provides advanced artificial intelligence models that convert vast amounts of data into actionable intelligence, thereby supporting users in identifying critical information pertinent to competition missions. Their solutions are deployed in multiple geographical markets, catering primarily to governmental agencies and defense contractors focused on addressing urgent strategic competition challenges.Vannevar Labs operates on a transactional model characterized by partnerships and direct engagements with government and defense entities. The structure of transactions typically revolves around customized contracts that may include subscription-based services or project-based pricing for specific technology deployments. They focus on delivering mission-critical technologies enabling non-kinetic effects to influence adversary behavior and strategic outcomes. Revenue generation is closely tied to the ongoing needs and requirements of their clients, ensuring that the solutions provided remain aligned with the operational demands of national security missions.In October 2022, Vannevar Labs, Inc. raised USD 75.00 mn in Series B funding led by new investor Felicis Ventures, with participation from additional investors like Aloft VC and DFJ Growth. This funding will be utilized to hire more engineers and further develop its product line. The company plans to expand its offerings and enhance capabilities to better serve its growing client base. Specific geographic markets targeted for expansion will be identified as they scale operations, leveraging the recent funding to align product development with client demands.

## Funding rounds

- Series B, Oct 1, 2022, $75M — General Catalyst Partners, Felicis Ventures, Costanoa Ventures, DFJ Growth, Point72 Asset Management, Aloft VC, Shield Capital
- Series A, May 11, 2021, $12M — General Catalyst Partners, Costanoa Ventures, Point72 Asset Management
- Seed, Apr 22, 2019, $4.1M — General Catalyst Partners, Costanoa Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Seed, Series A, Series B
- Point72 Asset Management — Series A, Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series B
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series B
- Aloft VC (https://capitalatlas.ai/funds/aloft-vc) — Series B
- Shield Capital (https://capitalatlas.ai/funds/shield-capital) — Series B