Portal Aircraft Inc. is currently raising $500,000 through Cowtown Seed.
Portal Aircraft is a Fort Worth-based aerospace company developing gas turbine-powered VTOL drone systems with differentiated lift and endurance capabilities.
Portal Aircraft is an xTechSearch 9 winner, selected in both phases from more than 840 applicants, with only 24 companies ultimately awarded. As part of that program, the company is beginning execution of its Phase I SBIR contract with the U.S. Army.
Portal Aircraft has achieved DARPA "Awardable" status and has been encouraged to compete in the DARPA LIFT Challenge. The company was recently invited to participate in the Army Expanded Air Maneuver Summit, an invite-only event, and has briefed SOFWERX, reflecting active engagement within Army and Special Operations unmanned systems communities.
Portal Aircraft has established a research and development collaboration with Texas A&M University and maintains strategic industry partnerships to accelerate engineering development and transition.
The company is led by founder James Thurman, a former U.S. Navy helicopter pilot, Aerospace Engineering Professor at the United States Naval Academy, and Systems Engineering/Architecture Lead at Lockheed Martin.
For more information on Portal Aircraft, visit https://www.portalaircraft.com.
Cowtown Seed is an angel investment subgroup of Cowtown Angels that meets monthly to review promising local technology startups. Cowtown Seed is the lead investor in Portal Aircraft. For more information about the Portal Aircraft investment or to join Cowtown Seed, contact Edward A. Ipser, Jr. at ipser@ipser.com.
For more information, contact Edward A. Ipser, Jr. (ipser@ipser.com). Copyright © Fort Worth Innovators Forum. All rights reserved.