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- D-Fend Solutions
D-Fend Solutions Acquisition, Valuation, Funding & Investors
D-Fend Solutions was acquired by Motorola for $1.5B in May 2026, a 15.0x multiple on $100M of revenue.
D-Fend Solutions revenue at acquisition
$100M
Last twelve months · May 2026
D-Fend Solutions revenue multiple at acquisition
15.0x
EV/Revenue · May 2026
Cumulative funding D-Fend Solutions raised
$65M
across 3 funding rounds
About D-Fend Solutions
D-Fend Solutions is a provider of counter-drone technology through its EnforceAir system. The platform executes radio frequency and cyber takeovers of rogue drones for safe landings in military bases, airports, prisons, and critical infrastructure sites. Deployed by U.S. military branches, federal law enforcement, homeland security agencies, and international airports, EnforceAir handles threats in complex environments globally.
Founded
2017
HQ
Website
Status
Acquired
Customer focus
B2G
Revenue model
Product sales
Revenue
$100M (May 2026)
Valuation
$1.5B (acquired May 2026)
Sectors
D-Fend Solutions Acquisition
D-Fend Solutions was acquired by Motorola for $1.5B on 31 May 2026.
The acquisition price implies a 15.0x revenue multiple on $100M of revenue.
Before the acquisition D-Fend Solutions had raised $65M across 3 funding rounds.
Motorola Solutions agreed to acquire D-Fend Solutions for $1.5 billion in a transaction announced in May 2026, with closing expected in the fourth quarter of 2026 subject to regulatory approvals and customary conditions. The deal is structured as a cash acquisition based on the announcement; no earn-out or stock component was disclosed in the provided results. The strategic rationale is Motorola Solutions’ expansion into counter-drone technology, adding D-Fend’s field-proven systems used by government, public safety, and enterprise customers across more than 30 countries. D-Fend reported annual revenue growth of over 50% across the prior three years, and expected full-year 2026 revenue of $185 million, indicating rapid scale in a high-demand security segment. D-Fend is an Israeli defense technology company focused on counter-drone systems and had thousands of deployments globally. Prior to the acquisition, it had raised $67 million and was last valued at roughly $250 million in its previous funding round. The transaction implies a substantial step-up in valuation relative to that prior round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 31 May 2026 | Strategic M&A | $1.5B | 15.0x |
D-Fend Solutions Funding History
D-Fend Solutions has raised a total of $65M across 3 funding rounds.
D-Fend Solutions' first fundraising round was a $6M Series A in May 2018. The most recent completed round was a $31M Series C in December 2024.
D-Fend Solutions funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2024 | Series C | Israel Growth Partners (lead); Vertex Ventures Israel; Vertex Growth Fund | $31M | D-Fend Solutions develops radio frequency (RF) cyber-based, non-kinetic, non-jamming counter-drone takeover technology to neutralize rogue drone threats, providing full control, safety, and operational continuity for security agencies in complex environments. The company positions itself as a category-creating disruptor at the intersection of defense technology, drones, cyber, and AI, serving demanding customers alongside major aerospace and defense firms. On December 4, 2024, D-Fend Solutions announced the initial closing of a $31 million Series B funding round led by Israel Growth Partners (IGP), with participation from existing investor Vertex Ventures Israel and new investor Vertex Growth Fund. IGP General Partner Uri Erde joined the board, alongside representatives from Vertex Ventures and Claridge Israel. This brings total funding raised to between $59 million and $67 million across multiple rounds. The investment will solidify technological leadership, expand market reach into new territories and sectors, and address evolving drone risks amid rising rogue drone incidents. The round follows continuous year-over-year revenue growth exceeding 60% and expansion across geographies, sectors, and use cases, highlighting strong traction. Israel Growth Partners views D-Fend as a high-potential investment similar to their early stake in Cellebrite prior to its IPO, emphasizing the company's deep, defensible technology against proliferating drone threats. The funding underscores growing demand for counter-drone solutions as drone adoption increases globally. |
| Sep 2019 | Series B | Claridge Israel (lead); Vertex Ventures Israel | $28M | D-Fend Solutions is a leading provider of counter-drone solutions, specializing in RF cyber-takeover technology like EnforceAir to safely neutralize rogue drones in urban and sensitive environments without collateral damage or operational disruption. Founded by Zohar Halachmi (CEO and Chairman), Assaf Monsa (CTO), and Yaniv Benbenisti (Chief Product Officer and President), the company targets defense, homeland security, law enforcement, airports, and critical infrastructure sectors. On September 24, 2019, D-Fend announced a $28 million funding round led by Claridge Israel, with participation from existing investor Vertex Ventures Israel, which had led the prior round in Q3 2018. This investment aimed to advance market-leading innovation in the counter-drone industry and support D-Fend's established position with significant customer achievements. Claridge Israel, a growth investment firm backed by Claridge Inc. and CDPQ, joined with Managing Director Rami Hadar appointed to D-Fend's board. The funding reflected confidence in D-Fend's technological strength, industry leadership, and growth potential amid rising rogue drone threats from recreational and professional uses. Vertex Ventures Israel continued its support, highlighting the company's progress since inception a few years prior. Later rounds included a $31M investment in late 2024 led by Israel Growth Partners with Vertex participation, following reports of over 60% year-over-year revenue growth, though specifics remained undisclosed. D-Fend has raised approximately $59M to $67M total across multiple rounds as of recent updates. |
| May 2018 | Series A | Vertex Ventures Israel | $6M | - |
Who has invested in D-Fend Solutions?
4 investors have backed D-Fend Solutions across its funding rounds, including Vertex Ventures Israel, Vertex Growth Fund, Israel Growth Partners and Claridge Israel.
Lead investors include Israel Growth Partners and Claridge Israel.
D-Fend Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2018 | ||
| 1 | Lead | Sep 2019 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialD-Fend Solutions Competitors
D-Fend Solutions competitors include listed companies like Apollo Micro Systems, Lyntris, Electro Optic Systems and Zen Technologies, and private ones like Ansaldo Energia and Cathedral.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Publicly listed | $94M | $22M | $1.5B | 12.3x | ||
| Publicly listed | $389M | $47M | $1.6B | - | ||
| Publicly listed | $91M | ($31M) | $1.6B | 6.7x | ||
| Publicly listed | $72M | $27M | $1.6B | 15.5x | ||
| Private | - | - | $1.4B | - |
D-Fend Solutions Public Comps
D-Fend Solutions is no longer listed, but its public comps include Apollo Micro Systems, Lyntris, Electro Optic Systems, Zen Technologies, Jiangxi Guoke Defence Group, Astra Microwave Prods, Austal, Beijing Beimo High Tech, Heckler & Koch and CETC Digital Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $94M | $22M | 16.0x | 12.3x | 68.1x | 53.0x | |||
| $389M | $47M | 4.7x | - | 39.2x | - | |||
| $91M | ($31M) | 15.9x | 6.7x | (46.1x) | 166.4x | |||
| $72M | $27M | 21.0x | 15.5x | 56.2x | 42.4x | |||
| $210M | $48M | 7.0x | 6.4x | 30.3x | 32.1x | |||
| $121M | $36M | 13.2x | 12.3x | 44.9x | 43.2x | |||
| $1.4B | ($39M) | 0.9x | 0.9x | (34.9x) | 399.2x | |||
| $137M | $48M | 10.0x | 10.2x | 28.6x | - | |||
This data is available for Pro users. Sign up to see all D-Fend Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about D-Fend Solutions
| When was D-Fend Solutions founded? | D-Fend Solutions was founded in 2017. |
| Where is D-Fend Solutions headquartered? | D-Fend Solutions is headquartered in Ra'anana, Israel. |
| Is D-Fend Solutions publicly listed? | No, D-Fend Solutions was acquired by Motorola in May 2026. |
| Who acquired D-Fend Solutions? | D-Fend Solutions was acquired by Motorola in May 2026. |
| How much was D-Fend Solutions acquired for? | D-Fend Solutions was acquired for $1.5B in May 2026, a 15.0x revenue multiple. |
| How much funding has D-Fend Solutions raised? | D-Fend Solutions has raised $65M across 3 funding rounds. |
| What was D-Fend Solutions' last funding round? | D-Fend Solutions' last funding round was a $31M Series C in December 2024, led by Israel Growth Partners. |
| Who are D-Fend Solutions' investors? | D-Fend Solutions' investors include Vertex Ventures Israel, Claridge Israel, Vertex Growth Fund and Israel Growth Partners. |
| Which companies are comparable to D-Fend Solutions? | Companies comparable to D-Fend Solutions include Ansaldo Energia, Apollo Micro Systems, Lyntris, Electro Optic Systems, Zen Technologies and Cathedral. |
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