HawkEye 360 raises funding for RF geospatial intelligence

HawkEye 360 raises funding for RF geospatial intelligence

Business news |
By Jean-Pierre Joosting

HawkEye 360 Inc., the leading commercial provider of space-based RF data and analytics, to has closed $145 million in new funding, priming the company to achieve transformational growth in its data and analytical services product line.

HawkEye 360 is delivering a revolutionary source of global knowledge based on RF geospatial intelligence to those working to make the world a safer place. The company will use the funding to expand its satellite constellation and complementary infrastructure, accelerating the growth of the company’s services to customers in the humanitarian, environmental, commercial and national security sectors.

“As a new, well-backed space data and analytics company with a unique dual-use technology, we are ideally situated not only to create great value for the defense, intelligence and national security communities, but also to change the paradigm for organizations confronting complex challenges like illegal fishing, poaching, maritime smuggling and environmental degradation,” said HawkEye 360 CEO John Serafini.

Increasingly, the lifeblood of the modern digital economy is carried by the electromagnetic spectrum. Many types of objects emit radio frequencies for vital functions such as communication, navigation and security. The HawkEye 360 constellation detects, characterizes and precisely geolocates these RF signals from a broad range of emitters, including VHF marine radios, UHF push-to-talk radios, maritime and land-based radar systems, L-band satellite devices and emergency beacons. By processing and analyzing this RF data, the company delivers actionable insights and a unique knowledge for operations across a broad range of sectors.

In the years ahead, the company will expand on its proven capabilities to deliver persistent RF data and analytics. This next phase of growth, backed by the latest funding round, will feature faster revisit rates, greater signal collection and enhanced analytics to address a large set of mission needs for clients.

This Series D round was led by New York-based global private equity and venture capital firm Insight Partners and Seraphim Space Investment Trust, the first listed space tech fund. Additional funding was provided by the Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Holding. And joining the round were new investors Jacobs, Gula Tech Adventures, 116 Street Ventures, and New North Ventures, as well as existing investors Advance, Razor’s Edge, NightDragon, SVB Capital, Shield Capital, Adage Capital, and others. This brings the total amount of capital raised to date to $302 million.

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