Name

CAP Vista

Legal name

Cap Vista Pte Ltd

Website

https://capvista.com.sg

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Defence Technology Corporate Venture Capital

NAICS

Management of Companies and Enterprises (55111)

akta.pro primary industry

Corporate Accelerators & Startup Programs (FSANAHAD)

akta.pro secondary industries

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI), Corporate Deep Tech / R&D Commercialization CVC (FSANAHAL)

Keywords

• Defence technology investment
• Corporate venture capital
• Dual-use technology
• Open innovation challenges
• National security ventures

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Corporate Venture Investment: Cap Vista operates as a corporate venture arm providing equity funding and investment to promising startups with dual-use technologies. Beyond capital, they curate opportunities for startups to grow their technologies and markets through access to their network and potential pilot deployments.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Cap Vista is the corporate venture arm of Singapore's Defence Science and Technology Agency (DSTA), investing equity into global dual-use technology startups and running the Cap Vista Accelerator — a challenge-based open innovation platform that publishes challenge statements and awards fully funded proof-of-concept trials to selected startups addressing Singapore's national security needs. Beyond capital, Cap Vista curates access to engineering talent, end users in defence, and validation of technology and market demand for its portfolio companies.

Product overview

Cap Vista is a Singapore government corporate venture capital entity that operates two distinct offerings: (1) the Cap Vista Accelerator platform, which runs open innovation challenges and solicitations to identify and award startups and companies for proving dual-use technology solutions in national security applications, and (2) a portfolio investment program backing dual-use technology startups. The accelerator publishes challenge statements across areas including AI, cybersecurity, advanced sensing, communications, maritime, and quantum technologies, while the investment portfolio spans companies in satellite propulsion (Aliena), quantum sensing (Atomionics), underwater robotics (BeeX), synthetic data generation (Bifrost), cybersecurity (InsiderSecurity), edge AI computer vision (Seventh Sense), underwater communications (Subnero), green hydrogen (SunGreenH2), and laser communications (Transcelestial).

Differentiator

Problem solved

Functional benefit

Products and services

• Cap Vista Accelerator An open innovation accelerator platform that publishes challenge statements inviting global companies, startups, and academia to submit proposals addressing Singapore's national security challenges. Awarded participants receive fully funded trials to demonstrate their technologies with end users. The accelerator operates across multiple solicitation rounds per year spanning AI, cybersecurity, advanced sensing, communications, maritime, energy, and advanced materials.
• Portfolio Companies Investment Equity investment program backing dual-use technology startups across AI, cybersecurity, sensing, quantum, maritime, and communications. Portfolio includes Aliena (plasma thrusters for small satellites), Atomionics (cold-atom interferometry/quantum sensing), BeeX (hovering autonomous underwater vehicles), Bifrost (synthetic data for AI/ML training), InsiderSecurity (cybersecurity), Seventh Sense (edge AI computer vision), Subnero (underwater communications), SunGreenH2 (nanostructured electrolyser systems), and Transcelestial (laser communications network).
• AI Joint Challenge Joint challenge with France's AMIAD seeking cutting-edge AI technologies to address operational challenges faced by defence users in both France and Singapore, enabling companies, startups, and academia to collaborate directly with defence establishments.

Quantifiable outcome

• Fully funded trial opportunities for awarded startups and companies
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Elice GroupcoreStrategic or Co-development Partner · 2 March 2026Elice Group, a South Korean AI startup, demonstrated its modular AI data center technology (Elice AI PMDC using water-cooling technology with approximately 55 percent higher energy efficiency) at the Korea-Singapore AI Connect Summit in Singapore. The partnership signals broader collaboration between Korean startups and Singapore's national security technology ecosystem.
• Singapore Ministry of EducationcoreStrategic or Co-development PartnerSingapore's Ministry of Education is a key strategic partner for Cap Vista in advancing AI infrastructure and technology development for national interests.
• Defence Science and Technology Agency (DSTA)coreStrategic or Co-development PartnerDSTA is a key partner in validating technology and market demand. Cap Vista collaborates with DSTA's network of engineering and tech talent to support startups in addressing defence technology challenges.
• DSO National LaboratoriescoreStrategic or Co-development PartnerDSO National Laboratories serves as a key technology partner, with DSO CEO Cheong Chee Hoo on Cap Vista's Board of Directors, facilitating deep integration between Cap Vista's startup portfolio and Singapore's defence research capabilities.
• Ministry of Defence Singapore (MINDEF)coreStrategic or Co-development PartnerCap Vista operates under MINDEF as the corporate venture arm, with MINDEF Deputy Secretary (Technology) and other officials on the Board of Directors, ensuring direct alignment with Singapore's defence technology strategy.
• French Ministerial Agency for Defence Artificial Intelligence (AMIAD)coreStrategic or Co-development PartnerAMIAD partnered with Cap Vista to launch the AI Joint Challenge, seeking cutting-edge AI technologies to address operational challenges faced by defence users in both France and Singapore. This joint challenge enables companies, startups and academia to collaborate directly with defence establishments.
• Singapore University of Technology and Design (SUTD)minorStrategic or Co-development PartnerCap Vista identifies promising startups through pitch sessions at SUTD, having first connected with portfolio company Bifrost during a SUTD pitch session where they secured pre-seed investment.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AFWERX: U.S. Air Force technology accelerator that partners with startups and innovators to solve defence challenges. Comparable to Cap Vista Accelerator in running open innovation challenges and proof-of-concept programmes for defence end users.
• Defense Innovation Unit (DIU): U.S. Department of Defense organisation that accelerates the adoption of commercial technology into the U.S. military. Closely comparable to Cap Vista in mandate: government-backed, accelerator/investment hybrid, focused on dual-use technology, with direct end-user (military) access.
• UK Defence and Security Accelerator (DASA): Part of the UK Ministry of Defence, DASA funds innovative projects to develop cost-effective defence and security capabilities. Directly comparable to Cap Vista Accelerator in operating a challenge-based funding model and providing proof-of-concept funding for dual-use startups.
• In-Q-Tel: Not-for-profit strategic investor for the U.S. intelligence community, identifying and investing in cutting-edge technologies. Highly comparable to Cap Vista as a government-affiliated CVC backing dual-use startups with privileged end-user (intelligence/defence) access.
• NATO DIANA: NATO's Defence Innovation Accelerator for the North Atlantic, which funds and accelerates dual-use deep tech with allied defence and security end users. Comparable to Cap Vista as a multinational government-backed defence accelerator with an investment mandate.

Regional players

• SGInnovate: Singapore government-linked deep tech investor backing AI, quantum, cybersecurity and biomedical startups. Closest regional peer to Cap Vista, though broader in scope (not exclusively defence) and operating more as a fund than a dual-use accelerator.

Emerging players

• Dcode: Washington D.C.-based accelerator connecting dual-use technology startups with U.S. federal government buyers, particularly DoD. Comparable to Cap Vista Accelerator in operating a challenge-based model that connects startups with defence end users.

Broad incumbents

• Lockheed Martin Ventures: Corporate venture arm of Lockheed Martin investing in dual-use and emerging technology with defence and commercial applications. Comparable as a large defence prime CVC, though operating from a global commercial parent rather than a government agency.
• BAE Systems (Digital Intelligence and venture activity): BAE Systems invests in and partners with dual-use technology companies to augment its defence portfolio. Comparable to Cap Vista as a defence prime with a corporate venture function, though at significantly larger scale and with global commercial end users.
• Northrop Grumman Ventures: Corporate venture arm of Northrop Grumman investing in emerging technologies aligned with national security. Comparable to Cap Vista as a U.S. defence prime CVC backing dual-use startups with privileged end-user (DoD/intelligence) access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CAP Vista