HawkEye 360, a Herndon, VA-based defense technology company for space-based radio frequency (RF) data and analytics, raised additional $10M in Series D-1 funding.
The round, which brought the total amount to $68M, saw participation from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation (NYSE: LMT), and company insiders.
The company intends to use the funds to develop new space systems and expand analytics that support high-value defense missions, investing further in artificial intelligence, data fusion, and multi-intelligence orchestration to extract value from the large amount of RF data being collected.
Led by CEO John Serafini, HawkEye 360 is a defense technology company providing global knowledge of human activity and trends derived from radio frequency (RF) geospatial intelligence. Its space-based technology was developed to detect, characterize, and geolocate a broad range of RF signals. These RF data and analytics provide an information advantage allowing analysts to detect the first glimpse of suspicious behavior, trace the first sign of adversarial activity, reveal the first sighting of ships attempting to vanish, and improve situational awareness across all domains. HawkEye 360’s RF intelligence provides timely insights on critical events and patterns of life, enabling early warnings to drive effective tip and-cue activities that ensure leaders have the intelligence needed to make decisions with confidence.
HawkEye 360 currently has 21 satellites in orbit and plans to move to a new Block 3 satellite architecture starting with Cluster 14.
The initial $58 million in Series D-1 funding, which was announced in July 2023, was led by funds and accounts managed by BlackRock with additional funding provided by Manhattan Venture Partners and existing investors including Insight Partners, NightDragon, Strategic Development Fund (SDF), Razor’s Edge, Alumni Ventures, and Adage Capital.
FinSMEs
18/10/2023