Red 6 has completed a $70 million Series B financing. The new capital will enable Red 6 to continue to invest in the proprietary technology that supports its Advanced Tactical Augmented Reality System (ATARS). ATARS is a multi-node, all-domain augmented reality (AR) system that delivers a complete outdoor synthetic training environment for multiple users. The technology allows pilots to experience the cognitive loads of physically flying airplanes while capturing the value of synthetics by enabling them to enter realistic, scalable, simulated training in dynamic outdoor environments.
The round was led by RedBird Capital Partners, a private investment firm with extensive experience investing in the media & entertainment, sports, and experiential consumer ecosystems. The financing round also included existing and new investors, including Alpha Edison, Boeing's AEI Horizon X Fund, Lockheed Ventures, Accelerator Investments LLC through the Disney Accelerator program, Washington Harbour Partners, M-Cor Holdings, the UK's National Security Strategic Investment Fund, Moonshots Capital, Irongate, State of Florida Opportunity Fund, Alumni Ventures, Alliance Holdings, Alcazar Capital, and Robert Downey Jr.'s, Downey Labs.
“Daniel and the Red 6 team are leveraging the power of modern technology to develop dual-use applications that enhance training practices used by institutions like the US Department of Defense, while also blending the digital and physical world in outdoor entertainment venues and similar use cases,” said Julia Wittlin, Partner at RedBird Capital leading the firm's early-stage growth investing. “Given RedBird's experience working with innovative companies within both the aviation services and entertainment industries, our investment is designed to provide strategic capital, as well as operational guidance to help Red 6 scale and make a tangible impact on the future of the sector."
Robinson and the Red 6 team are focused on delivering a synthetic training environment that will provide real life, near-peer threat training that enhances cognitive skills and learning. Until now, this has not existed. ATARS will directly address the U.S. and allied military's pilot shortage, and the overextension of resources critical to preparing the U.S. armed services in a quicker, cheaper, safer, and cleaner way.