
Investments
129Portfolio Exits
20Partners & Customers
10About Defense Advanced Research Projects Agency
The Defense Advanced Research Projects Agency (DARPA) is the central research and development organization for the Department of Defense (DoD). The Agency aims to manage directs basic and applied research and development projects for DoD and pursues research and technology that provide dramatic advances in support of military missions.
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Research containing Defense Advanced Research Projects Agency
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Defense Advanced Research Projects Agency in 3 CB Insights research briefs, most recently on Jul 10, 2025.

Jul 10, 2025 report
State of Venture Q2’25 Report
Mar 26, 2024
6 applications of humanoid robots across industriesLatest Defense Advanced Research Projects Agency News
Jul 11, 2025
Liberty Lifter Ekranoplan Transport Program Scrapped by DARPA Like Read Time: min Notably in the same week that a Chinese ekranoplan design emerged, DARPA announced the cancellation of its Liberty Lifter ground effect seaplane program. First reported by Aviation Week on Jul. 7, 2025, then corroborated by Defense News on Jul.9, the Defense Advanced Research Projects Agency, commonly known as DARPA, called time on the Liberty Lifter project in June. While the program concluded that such a design would be feasible to produce, more work is needed to bridge the gaps between the aviation and maritime regulatory and operational frameworks that ekranoplans sit in. New: DARPA has ended the Liberty Lifter program to build an experimental seaplane demonstrator.https://t.co/rG0qeRoNzv As we reported in our article about the new Chinese design, an ekranoplan uses the aerodynamic concept of ground effect to travel at high speeds just above the surface of water (or, less commonly, land). Ekranoplans are usually built as seaplanes to allow the vehicle to safely operate on the waters’ surface when below minimum ground effect speeds. We delve into the history of ekranoplans further in that article. We delve into the history of ekranoplans further in that article, and we noted that modern technologies could potentially help ekranoplans overcome some of their prior disadvantages: With previous ekranoplan development, a major disadvantage has been the matter of flight control and safety. As they are completely reliant on ground effect while travelling at speed, any small interruption to the pocket of air created below the craft induced either by pilot error – attempting to travel at too high an altitude, or an incorrect angle of attack, for example – or unexpected interruptions in the surface below could be disastrous. Modern simulation technology, along with huge advancements in autopilot capabilities, may allow for this disadvantage to be sufficiently mitigated to allow for routine service. Ekranoplans have even now been proposed as an electric-powered alternative to civilian ferry services, which would require safety levels well above and beyond those considered acceptable for military craft. DARPA’s partner in developing the Liberty Lifter was Aurora Flight Sciences, a subsidiary of Boeing. Aurora’s concept resembled a traditional flying boat, featuring large wings and eight turboprop engines. Unlike most ekranoplan designs, Liberty Lifter was intended to both operate in ground effect as well as at higher altitudes up to 10,000 ft – the latter at the cost of efficiency. The demonstrator would have roughly matched the cargo capacity of a C-130 Hercules, with the potential to scale up to a larger C-17 equivalent design in the future. Liberty Lifter would have combined the strategic and tactical airlift and logistics functions of these aircraft with the independence of not being reliant on runways. Such a concept would have extensive utility in the Pacific theatre, particularly if faced with a conflict that placed airfields at high risk of attack. Check out our new video! Aurora’s Liberty Lifter seaplane concept for @DARPA maximizes efficiency by flying in ground effect and provides fast, heavy-lift transport that does not require an airstrip or shipping port. https://t.co/fwrbhDodWY pic.twitter.com/YNMFh2Ol22 Speaking to Defense News, a representative from Aurora Flight Sciences said: “Through the Liberty Lifter program, we were able to show the viability of the design and the feasibility of novel manufacturing techniques. Aurora is proud of the technical advancements we made through the preliminary design of Liberty Lifter, and we expect to apply these learnings to future programs.” The reference to future programs suggests this will not be the end for U.S. ground effect designs, even if Liberty Lifter itself will go no further. There is clearly a desire for amphibious transport aircraft within the U.S. military, with the proposed but now paused C-130 floatplane development being a key example. Artist’s rendering depicting the Aurora Flight Sciences Liberty Lifter concept delivering U.S. Marine Corps amphibious vehicles directly into the water. (Image credit: Aurora Flight Sciences) U.S. forces have undertaken various training sorties alongside the ShinMaywa US-2 seaplane built and operated by Japan, noting its potential for a number of maritime-focused roles. However, as an aircraft primarily designed for search and rescue tasks, the US-2 lacks a rear cargo ramp which is a vital feature for the transport role. The Liberty Lifter, for example, was envisaged to be able to carry and quickly load/offload armored vehicles as well as standardized shipping containers.
Defense Advanced Research Projects Agency Investments
129 Investments
Defense Advanced Research Projects Agency has made 129 investments. Their latest investment was in Aarno Labs as part of their Grant - V on June 09, 2025.

Defense Advanced Research Projects Agency Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/9/2025 | Grant - V | Aarno Labs | No | 2 | ||
6/4/2025 | Grant | Texas A&M University | $1.6M | Yes | 1 | |
3/7/2025 | Grant | Elve | Yes | 1 | ||
1/7/2025 | Grant | |||||
7/23/2024 | Grant |
Date | 6/9/2025 | 6/4/2025 | 3/7/2025 | 1/7/2025 | 7/23/2024 |
---|---|---|---|---|---|
Round | Grant - V | Grant | Grant | Grant | Grant |
Company | Aarno Labs | Texas A&M University | Elve | ||
Amount | $1.6M | ||||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
Defense Advanced Research Projects Agency Portfolio Exits
20 Portfolio Exits
Defense Advanced Research Projects Agency has 20 portfolio exits. Their latest portfolio exit was Embody on January 05, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/5/2023 | Acquired | 18 | |||
11/21/2022 | Acquired | 13 | |||
8/4/2022 | Acq - Fin | 2 | |||
Date | 1/5/2023 | 11/21/2022 | 8/4/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 18 | 13 | 2 |
Defense Advanced Research Projects Agency Partners & Customers
10 Partners and customers
Defense Advanced Research Projects Agency has 10 strategic partners and customers. Defense Advanced Research Projects Agency recently partnered with Bell on July 7, 2025.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/9/2025 | Vendor | United States | 1 | ||
6/17/2025 | Client | U.S. Air Force | United States | 1 | |
5/15/2025 | Vendor | United States | DARPA taps Aptima to bring media forensics to market amid deepfake surge Defense Advanced Research Projects Agency 's decision to partner with Aptima , Inc reflects its broader strategy of dual-use technology transition by taking innovations developed for military or intelligence applications and adapting them for broader societal benefit . | 1 | |
4/29/2025 | Vendor | ||||
4/3/2025 | Vendor |
Date | 7/9/2025 | 6/17/2025 | 5/15/2025 | 4/29/2025 | 4/3/2025 |
---|---|---|---|---|---|
Type | Vendor | Client | Vendor | Vendor | Vendor |
Business Partner | U.S. Air Force | ||||
Country | United States | United States | United States | ||
News Snippet | DARPA taps Aptima to bring media forensics to market amid deepfake surge Defense Advanced Research Projects Agency 's decision to partner with Aptima , Inc reflects its broader strategy of dual-use technology transition by taking innovations developed for military or intelligence applications and adapting them for broader societal benefit . | ||||
Sources | 1 | 1 | 1 |
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