HawkEye 360 raises $145 million in Series D round

SAN FRANCISCO – Hawkeye 360 raised $145 million in a Collection D funding spherical led by Perception Companions and Seraphim Area Funding Belief.

With the funding, HawkEye 360, an RF information reconnaissance agency, will broaden its satellite tv for pc constellation and floor infrastructure, whereas enhancing companies to prospects centered on humanitarian, environmental, business and nationwide safety missions, in line with a Nov. 8 information launch.

Extra funding for HawkEye 360’s Collection D spherical was supplied by the Strategic Improvement Fund, the funding arm of the United Arab Emirate’s Tawazun Holding. Becoming a member of the spherical had been new traders Jacobs, Gula Tech Adventures, 116 Avenue Ventures and New North Ventures, in addition to present traders together with Advance, Razor’s Edge, NightDragon, SVB Capital, Protect Capital and Adage Capital.

With the newest windfall, Herndon, Virginia-based Hawkeye 360 has raised $302 million.

“HawkEye 360 is happy to be welcoming phenomenal new companions to our world class funding household, all of whom share our imaginative and prescient of utilizing revolutionary business RF-monitoring capabilities to supply optimistic impacts for humanity and the setting,” HawkEye 360 CEO John Serafini mentioned in an announcement. “As a brand new, well-backed house information and analytics firm with a novel dual-use expertise, we’re ideally located not solely to create nice worth for the protection, intelligence and nationwide safety communities, but in addition to vary the paradigm for organizations confronting complicated challenges like unlawful fishing, poaching, maritime smuggling and environmental degradation.”

Hawkeye 360 operates a constellation of 9 satellites in three clusters to detect, characterize and geolocate RF alerts stemming from emitters like VHF marine radios, UHF push-to-talk radios, maritime and land-based radar techniques, L-band satellite tv for pc gadgets and emergency beacons.

“We’re excited to companion with HawkEye 360 as the corporate continues to scale up and to broaden its geospatial intelligence expertise capabilities for each authorities and business markets,” Nick Sinai, Perception Companions managing director who will be a part of HawkEye 360’s board, mentioned in an announcement.

Mark Boggett, Seraphim Area Funding Belief’s funding supervisor, mentioned in an announcement, “HawkEye 360 is the undisputed world champion in radio frequency evaluation, a market we imagine will develop to billions of {dollars} over the following few years.”

Seraphim Area established a relationship with HawkEye 360 in 2017. The corporate additionally participated within the AWS Area Accelerator managed by Seraphim.

Seraphim is contributing $25 to the Collection D spherical. The funding “displays the potential we imagine this breakthrough expertise can have throughout the environmental and safety sectors,” mentioned Boggett, who serves as Seraphim Area LLP CEO. “We’re satisfied that HawkEye 360 has each the expertise benefit along with the business and governmental relationships to remodel, reshape and develop the trade on a worldwide scale at pace.”

HawkEye 360 has received authorities contracts, together with a contract with a base worth of $10 million plus choices to assist the U.S. Nationwide Geospatial-Intelligence Company uncover, characterize and map actions that emit RF alerts. The U.S. Nationwide Reconnaissance Workplace awarded HawkEye 360 a research contract in 2019.

Recommended For You

Leave a Reply

Your email address will not be published.