SAʴý

Startups Venture

Drone Defense Startup Hidden Level Locks Up $100M in Two Rounds

Illustration of paper airplane made from money

Another day and another big round for a defense tech firm.

raised a $65 million Series C led by with participation from , , , , , and others.

The Syracuse, New York-based startup said the new cash comes six months after it raised a previously unannounced $35 million Series B.

Hidden Level’s passive radar systems allows users to detect and track drones and other objects in the air — a more common tactic in modern warfare. The passive radar systems cannot identify approaching aircraft without being detected.

The company has contracts this year to support deployments for the , , U.S. Africa Command, , , U.S. Northern Command and other federal, state and local agencies.

“Critical infrastructure is the backbone of our nation’s security,” said co-founder and CEO . “Today’s evolving threats demand comprehensive airspace monitoring, from low-altitude drones to high-altitude aircraft and everything in between.”

Money for defense

Hidden level is just the latest startup to collect a big check — or two — from VCs interested in defense tech.

Just last week, El Segundo, California-based , a defense manufacturer developing long-range hypersonic strike weapons, raised a $100 million Series A in a mix of debt and equity. led the equity portion.

Earlier this year, raised a $60 million Series B and locked up a $50 million Series C.

Related SAʴý Pro list:

Related reading:

Illustration:

Tags

Stay up to date with recent funding rounds, acquisitions, and more with the SAʴý Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link