Tangram provides artificial intelligence (AI)-based software development tools focused on protecting government systems.
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“The investment in Tangram Flex continues Hale Capital’s focus both on corporate spin-outs and on supporting companies that provide critical and innovative technology to help the U.S. government advance national security,” a release from Tangram Flex said.
Tangram’s software provides operational assurance and cyber-resilience for mission-critical embedded systems used in aircraft, missiles, and many other U.S. defense systems.
“We are thrilled to be working with a company like Tangram,” Martin Hale Jr., Hale Capital chief executive and portfolio manager, said in the Dayton company’s release. “They have demonstrated customer pull and one of the most unique sets of (intellectual property) allowing them to bring unmatched capabilities to a market in desperate need of a solution.”
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Ricky Peters, CEO of Tangram Flex, said in the same statement: “We are excited to bring in a strategic investor who believes in our team, understands our product, and sees the growing need for more flexible systems which can adapt to ever-evolving mission needs.”
Peters is the former CEO of Dayton’s Ascend Innovations. He has an extensive defense background, including having served as executive director of the Air Force Research Laboratory — the research and technology powerhouse based at Wright-Patterson Air Force Base.
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