Fundraising Fox

Target Arm

Techstars '20

Ridgefield, US · Founded 2017 · Connecticut corporation · 8 employees on LinkedIn · 2 known investors

Target Arm integrates robotics, autonomy, and drones with AI enhancements to connect the world in motion. The company serves customers requiring automated movement and intelligence systems across various applications.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareRobotics

Founders & leadership

Target Arm was founded in 2017 by Jeff McChesney.

JMJeff McChesney
Jeff McChesneyinChairman, CEO & Founder
DN
Douglas NeugoldNamed on SEC filing
EA
Eric AchtmannNamed on SEC filing

Investors · 2

D3VCDenver
TechstarsBoulder · $220K

Reported raises · per SEC filings

Form D private placements

$1.2M disclosed across 1 of 2 rounds · 2019–2021

▶$1.2MraisedFeb 2024 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Douglas NeugoldDirector
  • Eric AchtmannDirector
  • Jeffrey Alan McChesneyExecutive Officer, Director
Offering amount
$2M
Amount sold
$1.2M
Minimum investment
$100K
First sale
Jan 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1MofferedMar 2019 · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey Alan McChesneyExecutive Officer
Offering amount
$1M
Minimum investment
$1
Incorporated
Limited Liability Company, Connecticut, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Kratos Defense Security Solutions Inc11 shared keywordsKratos develops and manufactures defense technologies including hypersonic solutions, unmanned systems, propulsion systems, space systems, and microwave electronics for the U.S. military and allied nations.
Futurism7 shared keywordsFuturism is an online news publication covering science and technology, with a focus on topics such as artificial intelligence, space, and the societal impact of emerging technologies. It publishes news articles and commentary for a general readership.

Companies competing with Target Arm for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 7 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2022$1.2M
U.S. Air ForceAir ForcePhase ISTTR2022$250K
U.S. Air ForceAir ForcePhase II2021$733K
U.S. Air ForceAir ForcePhase ISTTR2021$50K
U.S. Air ForceAir ForcePhase I2020$50K
U.S. Air ForceAir ForcePhase II2019$750K
U.S. Air ForceAir ForcePhase I2019$75K

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.

In the news

Target Arm on StartEngine 2024 - Kingscrowdkingscrowd.com · Dec 2024Ridgefield Connecticut based Target Arm is raising $2,000,000.00 in New Equity Investment. - intelligence360intelligence360.news · Feb 2021

Frequently asked questions

What does Target Arm do?
Target Arm integrates robotics, autonomy, and drones with AI enhancements to connect the world in motion. The company serves customers requiring automated movement and intelligence systems across various applications.
Who founded Target Arm?
Target Arm was founded by Jeff McChesney in 2017.
Who are Target Arm's investors?
Target Arm's investors include D3VC, Techstars.
How much funding has Target Arm raised?
Target Arm has disclosed $1.2M raised across 1 of its 2 known rounds.
Where is Target Arm headquartered?
Target Arm is headquartered in Ridgefield, US.