HawkEye 360 Closed a $70M Series B Funding Round

Herndon, Va.-based HawkEye 360, a radio frequency data analytics startup, announced that it has closed on a $70 million Series B financing round. The startup reports that it will use the funding to develop and deploy its full constellation of satellites and product lines by 2021.

This funding round had participation from new investors Airbus and Esri, existing investors Razor’s Edge Ventures, Allied Minds and Shield Capital Partners, with additional undisclosed parties, the press release states. HawkEye 360 raised $35.3 million from four previous Series A funding rounds, Crunchbase reports. This latest round brings the startup to more than $100 million in funding since its inception in 2015.

“Receiving an investment of this size, especially for a pioneering space startup, reaffirms the value investors place on the advanced capabilities of our satellites and the highly innovative RF data analytic products we are delivering to customers,” John Serafini, HawkEye 360 CEO, said in a statement. “This financing not only capitalizes the development of our full constellation, but also provides exceptional access to European markets through our new investor and distribution partner, Airbus.”

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