MONTGOMERY, AL — March 10, 2023 — Capital City Defense Ventures, a leading technology firm, announced today that it has raised $18 million in new funding. This investment will enable the company to further develop its innovative defense technology solutions. The funding round was led by prominent venture capital firms, with participation from existing investors. Capital City Defense Ventures will utilize the funds to expand its research and development capabilities, enhancing its position in the defense technology market. The company's cutting-edge solutions have garnered significant attention from industry leaders and government agencies. With this new funding, Capital City Defense Ventures is poised to accelerate its growth and deliver advanced technology solutions to its clients. "We are thrilled to have secured this funding, which is a testament to our team's hard work and dedication," said a company spokesperson. The investment will also facilitate the company's plans to increase its workforce and establish strategic partnerships. The funding announcement underscores Capital City Defense Ventures' commitment to driving innovation in the defense technology sector. The company's continued growth and success are expected to have a positive impact on the local economy. About Capital City Defense Ventures: Capital City Defense Ventures is a technology firm specializing in defense technology solutions, headquartered in Montgomery, AL.