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iRocket

New York, US · 2 known investors

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iRocket (Innovative Rocket Technologies Inc.) develops next-generation reusable rockets and advanced propulsion technology for aerospace and defense customers, including work with the U.S. Department of Defense. The company provides responsive launch and propulsion systems and is based in New York.

Defense TechHardwareSpace Tech

Founders & leadership

AMAsad Malik
Asad MalikCEOAsad Malik is founder and CEO of iRocket, which develops reusable rocket and advanced propulsion systems for aerospace and defense customers. He previously delivered over $2 billion in construction-value projects for the Department of Defense and civilian federal agencies, and participated in an 8(a) mentor-protégé program with Jacobs Engineering.

Investors · 2

Red Beard Ventureslisted by Red Beard VenturesWestport · $90K – $300K

How we know: Red Beard Ventures's portfolio page · the VCSheet dataset · Not right? Tell us

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2023$1.8M
U.S. Air ForceAir ForcePhase II2020$1.5M
U.S. Air ForceAir ForcePhase I2020$49.8K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does iRocket do?
iRocket (Innovative Rocket Technologies Inc.) develops next-generation reusable rockets and advanced propulsion technology for aerospace and defense customers, including work with the U.S. Department of Defense. The company provides responsive launch and propulsion systems and is based in New York.
Who founded iRocket?
iRocket was founded by Asad Malik.
Who are iRocket's investors?
iRocket's investors include Gaingels, Red Beard Ventures.
Where is iRocket headquartered?
iRocket is headquartered in New York, US.