AUSTIN, Texas & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Slingshot Aerospace, Inc., a company building data and analytics products to make space operations safer, today announced that it has raised $40.85 million in an oversubscribed Series A2 funding round. The round was led by Sway Ventures and included participation from others, including C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates, the global venture capital firm of prominent Silicon Valley venture capitalist Tim Draper. In addition to $40.85 million in equity funding, Horizon Technology Finance (NASDAQ: HRZN) provided a venture loan to accelerate Slingshot’s growth. “Slingshot Aerospace continually makes strategic moves that demonstrate an unwavering commitment to making space safer for all of society,” said Najib Khouri-Haddad, General Partner, Sway Ventures. “The massive growth in space operations carries a significant risk as well as an opportunity. Slingshot has aggressively and creatively carved a path to build new technologies that solve critical challenges and greatly reduce risks in space. Our investment in Slingshot is an investment in the future of space as we know it.”