Exosonic, a supersonic aircraft startup focused on quiet supersonic flight and UAV technology, has announced its closure after five years due to a lack of customer support needed to sustain operations. Founded in 2019 by Norris Tie, a former propulsion engineer for Northrop Grumman and Lockheed Martin, Exosonic participated in Y Combinator's Winter 2020 cohort and raised over $4.5 million in venture capital from investors like Soma Capital and Stellar Solutions. Despite securing small grants from the U.S. Air Force, the company could not maintain its cash flow for further development. Continue here.
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