- Companies
- Heven AeroTech
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Series B | $1B |
Heven AeroTech Funding History
Heven AeroTech has raised a total of $100M across 1 funding round.
Heven AeroTech funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series B | IonQ (lead); Texas Venture Partners | $100M | $1B | Heven 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Heven AeroTech investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | - |
| Deal Date | 25 Apr 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Heven AeroTech acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | $82M | $1B | - | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $412M | - | ||
| Publicly listed | $310K | ($8M) | $342M | 101.7x | ||
| Private | $152M | - | $304M | 2.0x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($6M) | 13.2x | - | (156.2x) | - | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $277M | $53M | 4.2x | 3.4x | 21.8x | 17.0x | |||
| $209M | $31M | 5.4x | 3.9x | 35.8x | 21.2x | |||
| $41M | ($72M) | 19.0x | 6.6x | (10.7x) | (8.8x) | |||
| $504M | $47M | 2.1x | - | 22.8x | - | |||
| $67M | $16M | 13.0x | - | 52.8x | - | |||
| $610M | $93M | 2.4x | 2.0x | 15.7x | 11.1x | |||
This data is available for Pro users. Sign up to see all Heven AeroTech competitors and their valuation data. Start Free Trial | ||||||||
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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