About Pallas Advisors
Pallas Advisors is a venture capital firm founded in 2018. It is primarily based out of Washington, DC, United States. As of Feb 2026, Pallas Advisors has invested in 10 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Aerospace, Maritime and Defense Tech. Most recently it participated in the $***** Series A round of Morpheus Space Overall, Pallas Advisors portfolio has seen 3 unicorns and 1 acquisition including key companies like Calypso, Hermeus and Interos. A lot of funds co-invest with Pallas Advisors, with names like Airbus Ventures sharing a substantial percentage of its portfolio. Pallas Advisors has team of 43 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Pallas Advisors' List of Top Investments
Pallas Advisors has a portfolio of 10 companies, including 3 unicorns. Their most notable investmentis in UV PartnersTheir portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech and 6 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Pallas Advisors:1. Calypso
Calypso AI provides custom AI solutions for brands and organizations. It caters to provide solutions to transit systems, medical care, financial fraud detection industries and more. Uses their Calypso platform that provides a set of model testing and AI explainability tools to develop AI systems and explainable AI solutions. Helps data scientists & AI developers understand underlying data biases and AI decisions across multiple models through the explainable insight into AI and data science's performance & security provided by the company. The platform helps in detecting vulnerabilities, start debugging and helps to optimize the performance of AI/ML models.
Key facts about Calypso
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $43.2M
- Employee Count: 25 as on May 31, 2026
- Investors: ADS Ventures, Frontline Ventures and 12 Others
- Latest Funding Round: Series A, Apr 08, 2025, $*****
- Highlight: Acquired
Provider of affordable in-space payload delivery services. This company offers transportation of payloads to various orbital destinations, including medium Earth orbit (MEO), geostationary orbit (GEO), and beyond. They utilize specialized vehicles designed for diverse mission profiles, enabling efficient and cost-effective access to space. The company focuses on providing reliable and accessible launch capabilities for a range of payload types and sizes.
Key facts about Impulse Space
- Founded Year: 2021
- Location: Redondo Beach (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.02B
- Employee Count: 525 as on Jul 31, 2026
- Investors: 137 Ventures, DFJ Growth and 24 Others
- Latest Funding Round: Series D, Apr 08, 2026, $*****
- Highlight: Editors' Pick
3. Hermeus
Manufacturer of supersonic aircraft. It is involved in designing supersonic aircraft for providing broadband human connectivity to the global community. Its aircraft technology is designed to increase speed and reduce cost.
Key facts about Hermeus
- Founded Year: 2018
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $439M
- Employee Count: 376 as on Jul 31, 2026
- Investors: Trinity Capital, Canaan and 20 Others
- Latest Funding Round: Conventional Debt, Apr 07, 2026, $*****
- Highlight: Editors' Pick
4. Interos
Provider of supply chain risk management software and related solutions. The company offers tools for identifying and mitigating risks within extended supply chains. It delivers solutions for supplier selection, due diligence, and continuous risk monitoring. The software helps organizations address vulnerabilities related to finance, cyber security, and regulatory compliance.
Key facts about Interos
- Founded Year: 2005
- Location: Arlington (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $224M
- Employee Count: 145 as on Jul 31, 2026
- Investors: ForgePoint Capital, Blue Owl and 14 Others
- Latest Funding Round: Series D, Jan 06, 2026, $*****
- Highlight: Editors' Pick
5. TurbineOne
AI-based surveillance and reconnaissance solutions for the military. Its main product is an automated and no-code threat recognition system. It facilitates the plug-in of data sensors and enables users to build their own detectors.
Key facts about TurbineOne
- Founded Year: 2021
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $54M
- Employee Count: 94 as on Jul 31, 2026
- Investors: Artisanal Ventures, StepStone Group and 5 Others
- Latest Funding Round: Series B, May 14, 2025, $*****
- Highlight: Editors' Pick
Pallas Advisors' Year-on-Year Investment Trends
Pallas Advisors has invested in 10 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. As of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in TurbineOne and most recent follow-on round was in Morpheus Space.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 2 | 1 | 3 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
Pallas Advisors' Investments by Stage
Pallas Advisors has made 6 investments in Series A stage with an average round size of $22M and 1 investment in Seed stage with an average round size of $2.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 1 |
Note: We have considered here, only first round of investments
Pallas Advisors' Investments by Sector
Pallas Advisors has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Business Services, Energy and Enterprise Applications. Notably, it has invested in 9 Tech companies, 8 Enterprise (B2B) companies, 5 Software companies and at least 5 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 4 |
Aerospace, Maritime and Defense Tech | 3 |
Business Services | 1 |
Energy | 1 |
Enterprise Applications | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Pallas Advisors' Investments by Geography
Pallas Advisors has made most investments in United States (7).Pallas Advisors' recent investments
Pallas Advisors has made 1 investments in 2026 so far - Morpheus Space.Here are the most recent investments by Pallas Advisors:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2026 | United States | Series A | 7550 | [+4] | |
Mar 27, 2024 | United States | Series A | 5301 | ||
Jul 24, 2023 | United States | Series A | 9240 | [+4] | |
Jun 29, 2023 | United States | Series A | 6717 | - | |
Nov 03, 2022 | United States | Series A | 4459 | [+7] |
Unicorns in Pallas Advisors' Portfolio
Pallas Advisors has 3 unicorns in its portfolio - Hermeus, Rebellion Defense and Interos. The most recent unicorn in their portfolio is Hermeus. It became a unicorn in 2026.Here is a list of unicorns in Pallas Advisors' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Manufacturer of supersonic aircraft | 2018 | Atlanta | Series C | rsd{pia | ||
49 | Provider of AI and ML-based intelligence systems | 2019 | Washington | Series B | umlpqdr | ||
58 | Provider of supply chain risk management software and related solutions | 2005 | Arlington | Series D | aooymkc |
Acquired companies in Pallas Advisors' Portfolio
1 company from Pallas Advisors' portfolio has been acquired. The most recent acquisition was Calypso in Sep 2025 by F5 Networks for $*****.Here are Pallas Advisors' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2025 | Jul 22, 2020 | Series A | 4464 |
Team profile of Pallas Advisors
Pallas Advisors has a team of 43 members including 8 Partners and 14 Principals located in United States. Pallas Advisors' team does not sit on the board of any company as of now.Here is a list of top team members in Pallas Advisors:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Washington, DC | - | - | |
Partner | - | - | - | |
Partner | Tucson | - | - | |
Partner | United States | - | ||
Partner | Washington, DC | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Principal | - | - | - | |
Principal | Washington, DC | - | - |
Co-investors of Pallas Advisors
Over the past 6 years, 68 investors have co-invested in Pallas Advisors's portfolio companies. This includes funds and angels.
- Invested before Pallas Advisors: Founders Fund, Lux Capital and 7 others have invested in rounds before Pallas Advisors. There is 1 company where Founders Fund has invested before Pallas Advisors and 1 company where Lux Capital has invested before Pallas Advisors.
- Top Co-investors of Pallas Advisors: 20 investors entered a company along with Pallas Advisors. These include investors like Airbus Ventures (2 companies).
- Invested after Pallas Advisors: A total of 39 investors have invested in Pallas Advisors's portfolio after their investments. Top Investors include Balerion Space Ventures (2 companies), Susan Wojcicki (1 company) and Expeditions Fund (1 company).
Recent News related to Pallas Advisors
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Morpheus Space Pulls In $15MMassinvestor•Feb 05, 2026•Alpine Space, Pallas Advisors, VSquared Ventures, European Investment Fund and 4 others
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TurbineOne Raises $15M in Series-A Funding RoundBusiness Wire•Mar 27, 2024•TurbineOne, Bessemer Venture Partners, The General Partnership, XYZ Venture Capital and 1 other
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Morpheus Space’s satellite thrusters are propelled forward with a $28M Series ATechCrunch+•Sep 15, 2022•Lavrock Ventures, Pallas Advisors, VSquared Ventures, In-Q-Tel and 4 others
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Morpheus Space Finds $28M In Series ASocalTECH•Sep 14, 2022•Morpheus Space, Alpine Space, Morpheus Ventures, VSquared Ventures and 10 others
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Blue Origin hires advisory firm linked to messy JEDI contract processArs Technica•Sep 01, 2021•Pallas Advisors, Blue Origin
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