HawkEye 360 Valuation, Funding & Investors
HawkEye 360 is valued at $245M as of August 2019.
Last HawkEye 360 valuation
$245M
Series B · Aug 2019
Last HawkEye 360 funding round
$23M
Series E · Mar 2026
Cumulative funding HawkEye 360 raised
$545M
across 10 funding rounds
Key investors in HawkEye 360
Razor's Edge Ventures
NightDragon
Allied Minds
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Shield Capital PartnersInsight Partners
Adage Capital Management
About HawkEye 360
HawkEye 360 is a Herndon, Virginia-headquartered company that operates a constellation of 24 small satellites for radio frequency data collection and geospatial analytics. Its platform detects and geolocates RF signals to deliver insights for maritime domain awareness, spectrum monitoring, and signals intelligence. HawkEye 360 partners with the U.S. Department of Defense, NATO allies, and commercial shipping firms like Maersk. Founded in 2015, the company has launched missions from Cape Canaveral and Vandenberg Space Force Base, expanding coverage to global oceans and conflict zones.
Founded
2015
HQ
Washington, DCWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$245M (Aug 2019)
HawkEye 360 Valuation
HawkEye 360 is currently valued at $245M, based on its Series B in August 2019.
The $70M round was led by Airbus and Esri, with participation from Allied Minds, Razor's Edge Ventures and Shield Capital Partners.
HawkEye 360 valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2019 | Series B | $245M |
HawkEye 360 Funding History
HawkEye 360 has raised a total of $545M across 10 funding rounds.
HawkEye 360's first fundraising round was a $11M Series A in November 2016. The most recent completed round was a $23M Series E in March 2026.
HawkEye 360 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series E | Sixty Degree Capital; Strategic Development Fund; Ghisallo; Principia Growth | $23M | - | - |
| Dec 2025 | Series E | Center15 Capital (lead); NightDragon (lead); Trajectory Ventures; Principia Growth | $150M | - | HawkEye 360, founded in 2015, operates a constellation of RF-sensing satellites to detect, geolocate, and characterize radio frequency signals for defense and government applications, providing analytics on targets like planes, boats, drones, and vehicles. The company announced a $150 million Series E financing round on December 18, 2025, co-led by existing investors NightDragon and Center15 Capital, with participation from Silicon Valley Bank (division of First Citizens Bank), Pinegrove Venture Partners, and Hercules Capital. This round combined preferred equity and secured/mezzanine debt, supporting the acquisition of Innovative Signal Analysis (ISA), a Richardson, Texas-based firm specializing in signal processing algorithms and tools for large RF datasets. The acquisition integrates ISA's 170-employee team, mostly with secret clearances, and its edge/cloud processing capabilities to enhance HawkEye 360's RF data collection, processing, and analytics across domains. Seraphim Space Investment Trust reported an uplift in HawkEye 360's valuation to 34 million (up 15% from 30 million as of September 30, 2025), fully reflecting the Series E terms as of December 30, 2025. This follows prior raises including a $145 million Series D in 2021 and $58 million Series D-1 in 2023, bringing total equity funding to $522.3 million. The financing strengthens HawkEye 360's balance sheet for scaling operations, satellite constellation growth (currently 36 satellites in 12 clusters), and ISA integration, positioning it as a leader in space-based RF intelligence amid rising defense demand. Investors like NightDragon (since 2021) and Center15 highlight the platform's essential role in national security, with CEO John Serafini noting it cements their market position. |
| Oct 2023 | Series D | Lockheed Martin Ventures (lead) | $10M | - | HawkEye 360 is a commercial remote sensing company that operates a constellation of satellites designed to detect and locate radio frequency transmissions on Earth and sea. The company provides RF geospatial intelligence services to government and commercial customers. In the second close of its Series D-1 funding round announced on October 18, 2023, HawkEye 360 raised an additional $10 million from Lockheed Martin Ventures and company insiders, bringing the total Series D-1 round to $68 million. The initial $58 million close occurred in July 2023 and was led by BlackRock, with participation from Manhattan Venture Partners, Insight Partners, NightDragon, Strategic Development Fund, Razor's Edge, Alumni Ventures, and Adage Capital. As part of the Lockheed Martin investment, the two companies signed a strategic cooperative agreement to develop end-to-end remote sensing solutions for government and commercial customers, with focus on RF intelligence systems. HawkEye 360 planned to deploy the funding toward developing new Block 3 satellite architecture, expanding its constellation (which had 21 satellites in orbit at announcement), and advancing artificial intelligence, data fusion, and multi-intelligence orchestration capabilities to enhance tactical RF intelligence delivery. |
| Jul 2023 | Series D | Alumni Ventures (lead); BlackRock (lead); NightDragon; Strategic Development Fund; Razor's Edge Ventures; Manhattan Venture Partners (MVP); Adage Capital Management; Insight Partners | $58M | - | HawkEye 360, a Herndon, Virginia-based defense technology company, specializes in space-based radio frequency (RF) data and analytics, using a satellite constellation to detect, geolocate, and characterize RF emissions for defense, intelligence, and national security applications. The company announced the closing of its $58 million Series D-1 funding round on July 13, 2023, led by funds managed by BlackRock, with additional investment from Manhattan Venture Partners and participation from existing investors including Insight Partners, NightDragon, Strategic Development Fund, Razor’s Edge Ventures, Alumni Ventures, and Adage Capital Management. The capital is designated to support the development of a new satellite architecture called Block 3, along with investments in artificial intelligence, data fusion, and multi-intelligence orchestration to enhance value from collected RF data. At the time, HawkEye 360 operated 21 satellites in orbit and aimed to advance RF geospatial intelligence as a critical defense technology. This Series D-1 round followed a $145 million Series D in November 2021 led by Insight Partners and Seraphim Space. Subsequent developments include a $150 million Series E in December 2025 combining equity co-led by NightDragon and Center15 Capital with debt from Silicon Valley Bank, Pinegrove Venture Partners, and Hercules Capital to fund the acquisition of Innovative Signal Analysis (ISA), and an additional $23 million Series E close in March 2026 from Ghisallo, Principia Growth, Sixty Degree Capital, and Strategic Development Fund. |
| Nov 2021 | Series D | Insight Partners (lead); Seraphim Space IT (lead) | $150M | - | HawkEye 360, a space data and analytics company specializing in radio frequency (RF) monitoring from satellites, closed a $145 million Series D funding round in November 2021 led by Insight Partners and Seraphim Space Investment Trust, with additional participation from the Strategic Development Fund. The funding aims to support transformational growth, expanding RF-monitoring capabilities for defense, intelligence, national security, and environmental applications like detecting illegal fishing, poaching, maritime smuggling, and degradation. CEO John Serafini highlighted the company's dual-use technology and strong investor alignment. Seraphim Space, investing since 2017 and following participation in the AWS Space Accelerator, committed $25 million as co-lead, viewing HawkEye 360 as the global leader in RF analysis with a multi-billion-dollar market potential. The round follows a prior $55 million raise seven months earlier, positioning HawkEye 360 for accelerated satellite constellation growth and enhanced data analytics services. Investors emphasized the company's commercial and governmental relationships, technology advantage, and potential to reshape RF geolocation for security and environmental sectors amid rising global defense budgets. Later developments include a Series E financing in 2024 with $150 million from NightDragon and Center15 alongside debt, supporting the acquisition of Innovative Signal Analysis to bolster signal processing and RF data capabilities. Recent updates note ongoing constellation expansion, with Cluster 12 launched in June 2025 for improved global monitoring in interference detection, maritime domain awareness, and strategic intelligence, and Cluster 13 in development. Seraphim Space reports fair value uplifts for its HawkEye 360 holding, driven by business performance and corporate activity, alongside portfolio-wide revenue growth and paths to EBITDA profitability. |
| Apr 2021 | Series C | NightDragon (lead); Advance; Dorilton Capital; Esri; Razor's Edge Ventures; Shield Capital Partners; Adage Capital Management | $55M | - | - |
| Aug 2019 | Series B | Airbus (lead); Esri (lead); Allied Minds; Razor's Edge Ventures; Shield Capital Partners | $70M | $245M | HawkEye 360 is a Herndon, Virginia-based space startup specializing in radio frequency (RF) data analytics from satellite constellations, delivering actionable insights for national security, maritime domain awareness, and environmental applications. Founded in 2015, the company had launched its first cluster of three formation-flying satellites by 2018 and was serving customers with RF analytics products. On August 6, 2019, it closed a $70 million Series B funding round with participation from new investors Airbus and Esri, alongside existing backers Razor’s Edge Ventures, Allied Minds, Shield Capital Partners, and undisclosed parties. This brought total funding raised to over $100 million, following prior Series A rounds totaling $35.3 million. The Series B proceeds were earmarked for developing and launching four additional satellite clusters to form a full operational constellation of 18 satellites by 2021, enabling rapid global revisit and enhanced RF analytics delivery. Airbus' involvement provided access to European markets as a distribution partner, while CEO John Serafini highlighted the investment's validation of the company's pioneering space-based RF capabilities. The round was later extended, with a $15 million addition from family office Advance in November 2019, bringing the Series B total to at least $85 million; Advance also acquired Allied Minds' 58% stake for $65.6 million in a secondary transaction. The funding positioned HawkEye 360 to compete in the emerging space-based analytics market, complementary to optical and radar technologies from partners like Airbus. Subsequent rounds included a $55 million Series C in 2021 led by NightDragon and a Series D in 2021 raising $151 million. |
| Sep 2018 | Series A | Raytheon (lead); Space Capital; Allied Minds; Razor's Edge Ventures; Shield Capital Partners; Sumitomo | $5M | - | HawkEye 360 completed a $14.9 million Series A-3 funding round in 2018, led by Raytheon, with participation from Sumitomo Corp., Razor’s Edge Ventures, Shield Capital Partners, Space Angels, and Allied Minds. The round included an additional $5.3 million closing, bringing the total to nearly $15 million. Funds supported acceleration of the first cluster of commercial satellites launching in 2019, following Pathfinder satellites later that year, with full constellation completion expected in 2020. HawkEye 360 develops space-based radio frequency (RF) detection satellites providing high-precision RF mapping and location-based analytics. Applications include monitoring illegal fishing, tracking cargo fleet logistics, maritime domain awareness, and augmenting national security operations. The company planned to fuse its geospatial RF data with other sources for enhanced intelligence to U.S. and international customers at lower costs. |
| Feb 2017 | Series A | Razor's Edge Ventures (lead) | $13M | - | - |
| Nov 2016 | Series A | Razor's Edge Ventures (lead); Allied Minds | $11M | - | - |
Who has invested in HawkEye 360?
24 investors have backed HawkEye 360 across its funding rounds, including Razor's Edge Ventures, NightDragon, Allied Minds, Shield Capital Partners, Insight Partners and Adage Capital Management.
Lead investors include Center15 Capital, NightDragon, Lockheed Martin Ventures, Alumni Ventures, BlackRock and 6 other investors.
HawkEye 360 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Reston, VA | 6 | Lead | Nov 2016 | |
| United States | 3 | Lead | Apr 2021 | |
| Boston, MA | 3 | Participant | Nov 2016 | |
| Shield Capital Partners | -- | 3 | Participant | Sep 2018 |
 Madrid | 2 | Lead | Aug 2019 | |
 Abu Dhabi | 2 | Participant | Jul 2023 | |
| United States | 2 | Participant | Apr 2021 | |
| New York City, NY | 2 | Lead | Nov 2021 | |
| Los Angeles, CA | 2 | Participant | Dec 2025 | |
 Toronto | 1 | Participant | Mar 2026 | |
| Washington, DC | 1 | Lead | Dec 2025 | |
 London | 1 | Lead | Nov 2021 | |
| New York City, NY | 1 | Participant | Sep 2018 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by HawkEye 360
HawkEye 360 has acquired 2 companies to date.
Last acquisition by HawkEye 360 was on December 18th 2025. HawkEye 360 acquired Innovative Signal Analysis for undisclosed valuation.
Latest Acquisitions by HawkEye 360
| Description | Innovative Signal Analysis is a defense contractor supplying signal processing, image analysis, and radar technologies for aerospace and military applications. | Aurora Insight is a provider of wireless spectrum management and connectivity mapping software headquartered in the United States. It offers dynamic RF environment visualization tools that capture real-time data on cellular, Wi-Fi, and private networks to optimize deployments. Organizations in telecom, public safety, and enterprise sectors use its platform for site surveys, interference analysis, and capacity planning. Aurora Insight's solutions integrate with existing infrastructure to deliver actionable insights on spectrum availability across licensed and unlicensed bands. |
| HQ Country | | |
| HQ City | - | Washington, DC |
| Deal Date | 18 Dec 2025 | 18 Dec 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all HawkEye 360 acquisitions and their M&A valuation multiples. Start Free Trial | ||
HawkEye 360 Competitors
HawkEye 360 competitors include listed companies like Spire Global and Systems Engineering, and private ones like Privateer, Ruiqi Deep Space, Recall.ai and Tinybird.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Kahului, HI | Private | - | - | $113M | - | |
| Ruiqi Deep Space |  Suzhou | Private | - | - | $153M | - |
| United States | Publicly listed | $72M | ($40M) | $475M | 5.1x | |
| San Francisco, CA | Private | $31M | - | $250M | 8.1x | |
| New York City, NY | Private | - | - | $240M | - | |
 Japan | Publicly listed | $72M | $14M | $205M | 2.2x |
HawkEye 360 Public Comps
HawkEye 360 is still privately-owned, but its public comps include APSTAR, Nelco, Systems Engineering, GomSpace, Thaicom, Datavault AI, Nilesat, Gogo Air, KT SkyLife and KVH Industries.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $94M | $63M | - | - | - | - | |||
| $32M | $3M | 7.4x | - | 78.7x | - | |||
| $72M | $14M | 2.3x | 2.2x | 12.3x | - | |||
| $45M | $2M | 4.3x | 3.4x | 118.7x | 29.2x | |||
| $74M | $21M | 4.6x | 4.8x | 16.4x | 11.6x | |||
| $39M | ($49M) | 4.1x | 1.1x | (3.3x) | (7.9x) | |||
| $98M | $64M | 0.3x | - | 0.5x | - | |||
| $910M | $147M | 1.3x | 1.3x | 7.9x | 6.0x | |||
This data is available for Pro users. Sign up to see all HawkEye 360 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HawkEye 360
| When was HawkEye 360 founded? | HawkEye 360 was founded in 2015. |
| Where is HawkEye 360 headquartered? | HawkEye 360 is headquartered in Washington, DC, United States. |
| Is HawkEye 360 publicly listed? | No, HawkEye 360 is a private, VC-backed company. |
| What is HawkEye 360's valuation? | HawkEye 360 was last valued at $245M in its Series B in August 2019. |
| How much funding has HawkEye 360 raised? | HawkEye 360 has raised $545M across 10 funding rounds. |
| What was HawkEye 360's last funding round? | HawkEye 360's last funding round was a $23M Series E in March 2026. |
| Who are HawkEye 360's investors? | HawkEye 360's investors include Razor's Edge Ventures, NightDragon, Allied Minds, Shield Capital Partners, Esri, Strategic Development Fund, Adage Capital Management, Insight Partners, Principia Growth, Sixty Degree Capital and 14 others. |
| Which companies are comparable to HawkEye 360? | Companies comparable to HawkEye 360 include Privateer, Ruiqi Deep Space, Spire Global, Recall.ai, Tinybird and Systems Engineering. |
| How many companies has HawkEye 360 acquired? | HawkEye 360 has acquired 2 companies, including Innovative Signal Analysis and Aurora Insight. |
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