Heven AeroTech Valuation, Funding & Investors

Heven AeroTech is valued at $1B as of November 2025.

Last Heven AeroTech valuation

$1B

Series B · Nov 2025

Last Heven AeroTech funding round

$100M

Series B · Nov 2025

Cumulative funding Heven AeroTech raised

$100M

across 1 funding round

Key investors in Heven AeroTech

  • IonQ
  • Texas Venture Partners

Heven AeroTech Overview

About Heven AeroTech

Heven AeroTech is a San Diego-headquartered manufacturer of heavy-lift hybrid drones for military, commercial, and public safety missions. The company produces the D50 VTOL model capable of carrying 50-pound payloads over 100 miles at speeds up to 80 mph. Heven AeroTech's autonomous systems feature redundant flight controls, encrypted communications, and modular payloads for surveillance, logistics, and disaster response. Certified under FAA Part 107 and NDAA-compliant, its drones serve U.S. Department of Defense branches and first responders.


Founded

2019

HQ

United StatesWashington, DC

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

Valuation

$1B (Nov 2025)

Heven AeroTech Valuation

Heven AeroTech is currently valued at $1B, based on its Series B in November 2025.

The $100M round was led by IonQ, with participation from Texas Venture Partners.

Heven AeroTech valuation by funding round

Heven AeroTech valuation by funding round
DateStageValuation
Nov 2025Series B$1B

Heven AeroTech Funding History

Heven AeroTech has raised a total of $100M across 1 funding round.

Heven AeroTech funding rounds

Heven AeroTech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2025Series BIonQ (lead); Texas Venture Partners$100M$1BHeven AeroTech is a Virginia-based developer of hydrogen-powered unmanned aerial systems (UAS) founded in 2019 by Bentzion Levinson. The company specializes in hydrogen fuel cell propulsion for extended-endurance aerial platforms, with its flagship Z1 system capable of flight times exceeding 10 hours and ranges over 600 miles, serving defense, public safety, and commercial sectors. The company announced a $100 million Series B funding round led by strategic investor IonQ, a quantum computing company, with participation from returning investor Texas Venture Partners. This round elevated Heven to unicorn status with a $1 billion post-money valuation. The funding will be deployed across three primary areas: expanding U.S. manufacturing capacity and hydrogen generation infrastructure, establishing a new quantum-focused engineering division to integrate quantum computing capabilities into Heven's platforms, and expanding customer integrations and field support for existing defense programs with U.S. Special Operations Command, combatant commands, and allied forces. The partnership with IonQ includes integration of quantum technologies for quantum-secure communications, alternative navigation systems for GPS-denied environments, and AI-driven autonomous operations. Heven became Israel's first defense-tech unicorn following this investment.

Who has invested in Heven AeroTech?

2 investors have backed Heven AeroTech across its funding rounds, including IonQ and Texas Venture Partners.

Lead investors include IonQ.


Heven AeroTech Investors

Investors in Heven AeroTech by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Heven AeroTech

Heven AeroTech has acquired 1 company to date.

Last acquisition by Heven AeroTech was on April 25th 2025. Heven AeroTech acquired Zepher Flight Labs for undisclosed valuation.


Latest Acquisitions by Heven AeroTech

Zepher Flight Labs
Description
Zepher Flight Labs is a San Diego-based developer of vertical take-off and landing unmanned aerial systems for military applications. The company manufactures the Z1, a Group 2 VTOL UAS designed for intelligence, surveillance, and reconnaissance missions with enhanced reliability and low production costs. Zepher Flight Labs conducts flight testing at military ranges and collaborates with U.S. Department of Defense contractors to scale autonomous vehicle production. Their portfolio includes modular airframes compatible with various payloads for tactical operations.
HQ CountryUnited States
HQ City
-
Deal Date25 Apr 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Heven AeroTech Competitors

Heven AeroTech competitors include listed companies like Swarmer and Xtend AI Robotics, and private ones like Forterra, Roark Aerospace, Dominion Dynamics and ideaForge.

Public and private companies comparable to Heven AeroTech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ForterraUnited StatesWashington, DCPrivate-$82M$1B-
Roark AerospaceUnited KingdomLondonPrivate--$1.8B-
Dominion DynamicsCanadaOttawaPrivate--$412M-
SwarmerUnited StatesUnited StatesPublicly listed$310K($8M)$342M101.7x
ideaForgeIndiaMumbaiPrivate$152M-$304M2.0x
Xtend AI RoboticsUnited StatesUnited StatesPublicly listed$20M($27M)$1.2B-

Heven AeroTech Public Comps

Heven AeroTech is still privately-owned, but its public comps include SEER Robotics, Extreme Vision, Vincorion, Mildef Group, Red Cat Holdings, Presto Appliances, Jiangxi Xinyu Guoke Tech, Cadre Holdings, Kopin and Hwa Create.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SEER Robotics$66M($6M)13.2x-(156.2x)-
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
Vincorion$277M$53M4.2x3.4x21.8x17.0x
Mildef Group$209M$31M5.4x3.9x35.8x21.2x
Red Cat Holdings$41M($72M)19.0x6.6x(10.7x)(8.8x)
Presto Appliances$504M$47M2.1x-22.8x-
Jiangxi Xinyu Guoke Tech$67M$16M13.0x-52.8x-
Cadre Holdings$610M$93M2.4x2.0x15.7x11.1x

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Common questions about Heven AeroTech

When was Heven AeroTech founded?Heven AeroTech was founded in 2019.
Where is Heven AeroTech headquartered?Heven AeroTech is headquartered in Washington, DC, United States.
Is Heven AeroTech publicly listed?No, Heven AeroTech is a private, VC-backed company.
What is Heven AeroTech's valuation?Heven AeroTech was last valued at $1B in its Series B in November 2025.
How much funding has Heven AeroTech raised?Heven AeroTech has raised $100M across 1 funding round.
What was Heven AeroTech's last funding round?Heven AeroTech's last funding round was a $100M Series B in November 2025, led by IonQ.
Who are Heven AeroTech's investors?Heven AeroTech's investors include Texas Venture Partners and IonQ.
Which companies are comparable to Heven AeroTech?Companies comparable to Heven AeroTech include Forterra, Roark Aerospace, Dominion Dynamics, Swarmer, ideaForge and Xtend AI Robotics.
How many companies has Heven AeroTech acquired?Heven AeroTech has acquired 1 company, including Zepher Flight Labs.

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