Round led by funds and accounts managed by
BlackRock will expand HawkEye 360's leadership delivering radio
frequency geospatial intelligence to government customers
HERNDON,
Va., July 13, 2023 /PRNewswire/ -- HawkEye 360
Inc., the world's leading defense technology company for
space-based radio frequency (RF) data and analytics, announced
today it has closed $58 million in
new funding. The funding will be used to develop new space systems
and expand analytics that support high-value defense missions. This
Series D-1 round was led by funds and accounts managed by BlackRock
(NYSE: BLK) 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.
![HawkEye 360 (PRNewsfoto/HawkEye 360) HawkEye 360 (PRNewsfoto/HawkEye 360)](https://mma.prnewswire.com/media/1425428/HawkEye_360_Logo.jpg)
"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."
WilmerHale acted as legal counsel for HawkEye 360 in connection
with the transaction.
Goodwin Proctor LLP acted as legal counsel for BlackRock in
connection with the transaction.
For more information about HawkEye 360, please
visit www.he360.com.
About HawkEye 360
HawkEye 360 is a defense technology leader providing global
knowledge of human activity and trends derived from revolutionary
radio frequency (RF) geospatial intelligence. The company's
innovative 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, and reveal the first
sighting of ships attempting to vanish. HawkEye 360's RF
intelligence presents a quicker grasp of critical events and
patterns of life, providing early warnings to drive tip-and-cue
efforts, and providing leaders the insights needed to make
decisions with confidence. HawkEye 360 is headquartered in
Herndon, Virginia.
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SOURCE HawkEye 360