Statheros

David Murray’s journey with Statheros began with a bold mission: to revolutionize AI and autonomy software for the U.S. Department of Defense. Since its founding in 2021, Statheros has developed cutting-edge technologies that protect U.S. forces, optimize mission systems, and enhance pilot training with advanced radar simulation. The company’s innovations aren’t just changing the game—they’re ensuring the safety and effectiveness of the nation’s defense systems. 

Yet, growing a tech company in a highly specialized field is no small feat. David reached out to the Tennessee Small Business Development Center (TSBDC) for help navigating the complexities of scaling his business. Stephen Williams, Director of the TSBDC at RSCC, quickly stepped in to provide tailored support that proved invaluable. 

One of the first hurdles was finding financing options to support Statheros’ growth. Stephen facilitated meetings with local banks, attending alongside David to ensure he understood the offerings and could ask the right questions. When multiple unexpected acquisition offers came through, Stephen once again stepped up. He connected David with mergers and acquisitions experts and wealth managers, helping him evaluate the offers with clarity and confidence. 

Throughout the process, Stephen acted as a trusted advisor, offering financial guidance to optimize cash flow and providing strategic insights that equipped David to make informed decisions. David expressed his gratitude, saying, “Stephen was proactive and incredibly helpful, making himself available to answer any question I had. He was a confidant and one of my closest advisors during a pivotal moment. I learned so much from Stephen’s experience, connections, and knowledge. But more than that, he was a true joy to work with and made me feel like his top priority.” 

Since working with TSBDC, Statheros – now part of Peerless Technologies Corporation – has continued to thrive, securing multiple contracts, including four Phase I SBIRs, three Phase II SBIRs, and a Phase III follow-on. The company has also garnered sole-source contracts and other agreements that position it as a leader in defense technology. 

Looking ahead, David is optimistic about new opportunities for growth, as he continues to lead his business as part of Peerless Technologies Corporation. 

David’s journey with Statheros is a testament to the power of innovation, resilience, and the right support network. TSBDC partnered with David to help him navigate unfamiliar and complex negotiations, ultimately helping him enter a new era with his business.