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Business/Financial

CesiumAstro, Second Front Systems, and X-Bow Record Top Jumps in Startup Rankings

Frank Wolfe

Friday, July 12th, 2024

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CesiumAstro, Second Front Systems, and X-Bow Record Top Jumps in Startup Rankings

CesiumAstro’s Vireo payload is comprised of three units (from left to right): a receive antenna, a transmit antenna, and a reconfigurable processing unit (Photo: CesiumAstro)

CesiumAstro Space & Defense Systems, Second Front Systems, and X-Bow Systems had the highest yearly jumps in the Silicon Valley Defense Group's (SVDG) rankings of the top 100 venture capital-backed defense and dual use companies, according to SVDG's second annual survey. Founded in 2017, the Austin, Texas-based CesiumAstro climbed 63 places from 97th to 34th. Second Front, a Wilmington, Del.-based software firm established in 2014, jumped 56 spots from 84th to 28th, and Albuquerque's X-Bow vaulted 50 places from 77th…

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