HawkEye 360, the top defense technology company specializing in space-based radio frequency (RF) data and analysis, revealed that it has successfully secured $58 million in new funding. The investment will be utilized to advance space systems and enhance analytics capabilities in order to support crucial defense missions.
The Series D-1 funding round was spearheaded by funds and accounts managed by BlackRock, with additional contributions from Manhattan Venture Partners, as well as existing investors such as Insight Partners, NightDragon, Strategic Development Fund (SDF), Razor's Edge, Alumni Ventures, and Adage Capital.
"HawkEye 360 continues to make the world a safer place through advanced RF analytics – including addressing maritime, environmental, and national security needs," said HawkEye 360 CEO John Serafini. "We've learned much over the past four years delivering data to the most demanding customers in the world. We'll use this funding to drive our next steps in innovation. It speaks volumes that these leading investment firms are confident in the future of RF geospatial intelligence as a critical defense technology."
"We invest in first-class startups that have proven innovative technology, where we can come alongside to accelerate their growth," said Matt Singer, Managing Director, BlackRock. "Governments and commercial customers are asking for better intelligence and, with its full chain of control from orbit to analytics, Hawkeye 360 is leading the way for this new category of RF space-based data."
HawkEye 360 has 21 satellites in orbit and plans to move to a new Block 3 satellite architecture starting with Cluster 14 and beyond. The company is also investing further in artificial intelligence, data fusion, and multi-intelligence orchestration to better extract value from the large amount of RF data being collected. The goal is to simplify analysis for its customers.
"HawkEye 360 has disrupted what used to be a static defense intelligence domain," said Jared Carmel, Managing Partner and General Partner of Manhattan Venture Partners. "The company is the quintessential example of how a commercial operation could service the intelligence needs of the U.S. and our allies. They have built a growing market with government customers and are proof that private-sector innovation and leadership will help enable peace through strength, deter future conflict, and ensure global stability."
Click here to know more about the HawkEye 360's Space-based RF technology.
