11 0

Hermeus, a company seeking to build a Mach 5 aircraft that would be capable of making the trip from New York to London in just 90 minutes has raised a $16 million Series A round, led by Canaan Partners and including contributions from existing investors Khosla Ventures, Bling Capital, and the Rise of the Rest Seed Fund. The new funding will help the startup develop and ground test its first full-scale engine, the core component that will eventually power its debut Mach 5 aircraft. Earlier this year, Hermeus was able to successfully demonstrate a sub-scale engine prototype, showing that the core design of its technology performed as intended. The company now plans to turn that into a versi... Full story

29 October