The Defense Innovation Unit Experimental (DIUx), a fast-moving government entity that provides non-dilutive capital to companies to solve national defense problems, has announced its Q4 results.
Over the last 17 months, we’ve awarded roughly $184 million for 59 pilot contracts and two follow-on production contracts to a diverse group of companies in the areas of autonomy, artificial intelligence, human systems, information technology, and space.
Our portfolio companies have been backed by Andreessen Horowitz, Founders Fund, GV, In-Q-Tel, Lux Capital, New Enterprise Associates, Sequoia Capital, Social Capital, and Spark Capital.
DIUx pilot contracts can include hardware, software, or unique services. More importantly, after a successful pilot, the company involved and any DoD entity can easily enter into a follow-on contract, just as fast.
In good news for both the Department of Defense (DoD) and our portfolio companies, DIUx and Army Contracting Command now have transitioned two of the 59 pilot contracts to follow-on production contracts. This is a first for the DoD.
This marks the first time DoD has ever awarded a production contract under the Other Transaction (OT) authority.
DIUx designed these production OT contracts to allow any DoD entity to buy and use successfully piloted technologies without having to allocate time and resources into putting a new contract into place. Moreover, with a combined purchase ceiling of over $1 billion, DIUx has ensured these technologies can scale across the Department.