HawkEye 360, a leading provider of space-based RF data and analytics, announced it secured $40 million in debt financing from Silicon Valley Bank (SVB) to further its goal of delivering advanced geospatial capabilities.
In the past year, HawkEye 360 raised $108 million in its Series D-1 round. This debt financing has highlighted the support and confidence of investors and lenders regarding its business and financial momentum.
This debt financing will play a significant role in furthering HawkEye 360’s efforts to enhance its technological infrastructure and continue the buildout of its satellite constellation. And these strategic developments are pivotal in maintaining HawkEye 360’s unwavering commitment to providing actionable, multi-dimensional geospatial insights and facilitating informed decision-making for our valued clients worldwide.
KEY QUOTES:
“Raising over $400 million in capital in under five years is a landmark achievement for HawkEye 360. This remarkable level of funding not only underscores the strength and validity of our strategic vision but also significantly enhances our ability to pioneer and lead in the provision of vital geospatial solutions. It’s a powerful testament to our team’s ability and the trust in our path forward.”
– John Serafini, CEO of HawkEye 360
“HawkEye 360’s innovative space-based technology and RF data and analytics is paving the way for better spectrum mapping and monitoring. SVB is thrilled to continue our relationship with HawkEye 360 and provide them with the financing to help them execute their growth strategy.”
– Sean Stone, SVB Senior Market Manager
