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- Digital Global Systems
Digital Global Systems Acquisition, Valuation, Funding & Investors
Digital Global Systems was acquired by Casa del Fuego Family Office and Trust for $5B in June 2025.
Digital Global Systems acquisition price
$5B
Acquired by Casa del Fuego Family Office and Trust · Jun 2025
Cumulative funding Digital Global Systems raised
$26M
across 5 funding rounds
Key investors in Digital Global Systems
Ancora
CoVant
LGS Innovations
About Digital Global Systems
Digital Global Systems is a provider of radio frequency spectrum management solutions headquartered in Virginia, United States. The company deploys hardware and software for real-time interference detection across 9 kHz to 40 GHz bands supporting 5G, LTE, and satellite networks. Serving telecommunications carriers like AT&T, defense agencies including the U.S. Department of Defense, and public safety organizations, its Watchdog system offers geolocation accuracy within 1 km. Digital Global Systems maintains deployments in over 50 countries with analytics dashboards for policy enforcement and network optimization.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B & B2G
Revenue model
Product sales, Services, Subscription
Valuation
$5B (acquired Jun 2025)
Digital Global Systems Acquisition
Digital Global Systems was acquired by Casa del Fuego Family Office and Trust for $5B on 23 June 2025.
Before the acquisition Digital Global Systems had raised $26M across 5 funding rounds.
Digital Global Systems Inc. (DGS), a Tysons, Virginia-based leader in patented spectrum optimization technologies and AI-driven spectrum management, was acquired by Casa del Fuego Family Office and Trust in a 100% stock purchase valued at $5 billion USD, announced on June 23, 2025. DGS specializes in intelligent RF awareness platforms enabling dynamic spectrum sharing, RAN automation, interference mitigation, signal anomaly detection, drone/UAV monitoring, and protection of critical infrastructure across land, sea, air, space, and satellite-to-terrestrial communications, supported by over 500 issued and pending patents. The company targets defense, public safety, private networks, commercial wireless, and developing chipset-integrated analytics for on-device RF awareness. Casa del Fuego Family Office and Trust, a strategic investment and asset management firm focused on transformative technologies and luxury markets—including prior acquisition of the Oeno Group, the world's largest fine wine and whiskey exchange—funded the transaction via a credit facility backed by financial partners and performance-based notes, with some reports describing it as an all-stock deal. DGS will operate independently as a wholly owned subsidiary, retaining its executive leadership team including Chairman and CEO Fernando Murias, bolstered by long-term incentives to align growth and innovation. The strategic rationale centers on accelerating commercialization and global deployment of DGS's IP portfolio to supercharge monetization and enable self-optimizing autonomous networks across government, commercial, and civilian sectors, as stated by Casa del Fuego CEO Ollie Patterson and DGS's Murias.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 23 Jun 2025 | Strategic M&A | $5B |
Digital Global Systems Funding History
Digital Global Systems has raised a total of $26M across 5 funding rounds.
Digital Global Systems' first fundraising round was a $2M seed round in July 2013. The most recent completed round was a $8M Series B in December 2018.
Digital Global Systems funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2018 | Series B | - | $8M | Digital Global Systems (DGS) is a spectrum management company that assesses wireless signals in the RF environment in real time using AI and machine learning to provide actionable information. It serves operators, tower companies, satellite operators, hyperscalers, private wireless companies, emergency services, and government agencies, with integrations into O-RAN Alliance software for RAN awareness. DGS previously raised about $120 million from private individuals to fund R&D, with 90 percent of its 43 staff being engineers. In November 2018, DGS raised $4.5 million, bringing total funding to more than $25 million since formation over four years prior. |
| Feb 2018 | Series B | - | $4M | - |
| Jun 2017 | Series B | Ancora (lead) | $9M | Digital Global Systems is an RF spectrum optimization vendor that assesses wireless signals in real-time to provide actionable intelligence to operators, tower companies, satellite operators, hyperscalers, private wireless companies, emergency services, and government agencies. The company uses AI and machine learning to analyze spectrum patterns and identify underutilized areas where fresh service revenue can be unlocked. As of June 2025, Digital Global Systems remained a private company with approximately 43 employees, 90 percent of whom are engineers, and had raised roughly $120 million from private investors to fund R&D over its operating history. In June 2025, the company was acquired by asset management firm Casa del Fuego Family Office and Trust in an all-stock transaction valued at $5 billion, with the deal structured to accelerate monetization of its intellectual property portfolio and deployments across wireless networks. |
| Jul 2015 | Series A | LGS Innovations; CoVant | $4M | Digital Global Systems raised $4.3M in an equity round on 07/2015. Investors in later rounds included Ancora in Series B. The company provides solutions in radio frequency signal detection, identification, classification, and geolocation, with over 230 patents issued and 105 pending. |
| Jul 2013 | Seed | - | $2M | - |
Who has invested in Digital Global Systems?
3 investors have backed Digital Global Systems across its funding rounds, including Ancora, CoVant and LGS Innovations.
Lead investors include Ancora.
Digital Global Systems Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2015 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDigital Global Systems Competitors
Digital Global Systems competitors include listed companies like Infleqtion and BlackBerry, and private ones like Quantum Systems, Ineffable Intelligence, Abridge and Recursive Superintelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $330M | - | $8B | 24.2x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x | ||
| Private | - | - | $5.1B | - | ||
| Private | $117M | - | $5.3B | 45.3x | ||
| Publicly listed | $549M | $83M | $4.7B | 7.8x | ||
| Private | - | - | $4.7B | - |
Digital Global Systems Public Comps
Digital Global Systems is no longer listed, but its public comps include TIME Interconnect, Hirose Electric, Optowide, Glarun Technology, Walsin Lihwa, Tata Communications, BlackBerry, QuantumCTek, Dolby Laboratories and Impinj.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | $126M | 3.3x | 1.9x | 41.0x | 19.3x | |||
| $1.4B | $402M | 3.1x | 2.9x | 10.4x | 9.8x | |||
| $87M | $24M | 58.8x | 36.2x | 213.4x | 120.4x | |||
| $501M | $118M | 9.9x | 9.9x | 42.1x | - | |||
| $5.5B | $385M | 1.4x | 1.3x | 20.1x | 9.1x | |||
| $2.6B | $494M | 2.5x | 2.4x | 13.2x | 12.2x | |||
| $549M | $83M | 8.3x | 7.8x | 54.9x | 36.6x | |||
| $46M | $6M | 107.8x | 111.1x | 898.9x | - | |||
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Common questions about Digital Global Systems
| When was Digital Global Systems founded? | Digital Global Systems was founded in 2013. |
| Where is Digital Global Systems headquartered? | Digital Global Systems is headquartered in Washington, DC, United States. |
| Is Digital Global Systems publicly listed? | No, Digital Global Systems was acquired by Casa del Fuego Family Office and Trust in June 2025. |
| Who acquired Digital Global Systems? | Digital Global Systems was acquired by Casa del Fuego Family Office and Trust in June 2025. |
| How much was Digital Global Systems acquired for? | Digital Global Systems was acquired for $5B in June 2025. |
| How much funding has Digital Global Systems raised? | Digital Global Systems has raised $26M across 5 funding rounds. |
| What was Digital Global Systems' last funding round? | Digital Global Systems' last funding round was a $8M Series B in December 2018. |
| Who are Digital Global Systems' investors? | Digital Global Systems' investors include LGS Innovations, CoVant and Ancora. |
| Which companies are comparable to Digital Global Systems? | Companies comparable to Digital Global Systems include Quantum Systems, Infleqtion, Ineffable Intelligence, Abridge, BlackBerry and Recursive Superintelligence. |
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