Is this a government run VC firm? Next gen In-Q-Tel? Makes sense for highly classified workloads on-prem and there’s a lot of demand for that.

Could be a need for unclassified workloads also… but curious if this is a defense and Intel community venture fund backing this next round with my tax dollars.

Likely government-adjacent and with high portfolio use case match. These orgs are less and less keen on shifting sensitive workloads to public clouds - even "gov clouds". Let's not forget that the best access control is to have no access, and that obscurity is actually a form of security especially in a world where effort put on vulnerability searching is proportionate to popularity. The odds of someone discovering and exploiting your obscurely coded and privately hosted oxide stack are orders of magnitude smaller than someone compromising your public cloud.

USIT > U.S. Innovative Technology (“USIT”) is an investment firm that backs growth-stage commercial companies with critical technologies relevant to the national interest, including, artificial intelligence, future of compute, new industry, space & communications, bio & healthcare, and defense tech. USIT was founded by American technologist and visionary investor Thomas Tull.

joined by: Riot Ventures, Eclipse, Jane Street