Stellios Technologies, an Austin, Texas–based startup developing power systems for directed energy, fusion and propulsion applications, emerged from stealth on Tuesday after raising a $5 million pre-seed round. The company is less than a year old and closed the financing after it had secured $2 million in customer purchase orders.
Stellios plans and use of funds
The investment will be used to produce and deliver initial contracted high-power microwave systems; establish research and development and pilot manufacturing facilities; hire, and advance the company’s artificial intelligence engineering and digital…
