Hypersonic autonomous aircraft startup Hermeus is relocating its headquarters from Atlanta to El Segundo, the company announced. Currently valued at $1 billion, the company will house executive offices and a facility for developing prototypes in 67,000 square feet across two buildings at Hackman Capital Partners’ 888 N. Douglas St. Production will remain in Atlanta.
Hermeus announced the relocation simultaneously with closing a $350-million Series C funding round led by Khosla Ventures. The company ultimately seeks to develop an aircraft capable of reaching Mach 5, or five times the speed of sound, for the military.
The Los Angeles Times reported that El Segundo and other South Bay cities have seen explosive growth in recent years, with scores of startups in aerospace and defense tech. “El Segundo gives us immediate access to a specialized talent pool and a prototyping infrastructure that simply doesn’t exist anywhere else,” a Hermeus spokesperson told L.A. Business First.
The post Hypersonic Aircraft Startup Relocating Headquarters from Atlanta to El Segundo appeared first on Connect CRE.
