Xiaoming Yin, the third member to join Lockheed Martin's corporate venture fund, is departing having led 20 investments for the unit in eight years.
Senior investment manager Xiaoming Yin is leaving defence and aerospace manufacturer Lockheed Martin’s corporate venture capital arm after eight years.
Lockheed Martin Ventures hired Yin in 2017 after two years as a fintech associate at Pivotus, the innovation subsidiary of financial services holding group Umpqua Holdings Corporation. Her focal areas were spacetech, artificial intelligence, advanced materials and high performance and quantum computing.
Yin invested in 20 companies during her time at the unit, including AI semiconductor technology provider Ayar Labs – valued at $1bn in its last round – and IonQ, which became the first quantum computing startup to go public, in 2021.
“I joined Lockheed Martin Ventures as team member #3, alongside (general manager) Chris Moran and (senior investment manager) Jeff Cunningham,” Yin said in a LinkedIn post announcing the move.
“What started as a small team has evolved into a standout corporate venture group – mission-driven, technically rigorous, and strategically sharp.”
Lockheed Martin Ventures made 16 investments last year, according to GCV data. Its most recent deal was drone defence technology startup Hidden Level’s $100m series C round last month.
