Citadel Defense Company, a San Diego, CA-based provider of a drone defense platform, secured $12m in Series A financing.
The round was funded by Lightspeed Venture Partners and led by partners John Vrionis and Larsen Jensen.
The company intends to use the funds to advance its technology, accelerate product growth, and extend sales capabilities.
Led by Daniel Magy, CEO & Co-Founder, Joseph Makol and Dr. Henrik Borgstrom, Citadel delivers a proprietary counter drone system to clear skies of unauthorized drones, with applications including helping keep US soldiers, critical infrastructure and soft targets safe.
The company has six current military and government clients, including the United States Department of Defense, the Defense Innovation Unit-Experimental (DIUX) and the Special Operations Communities.
FinSMEs
27/02/2018