PDW Holdings, a defense-focused drone technology company, announced it has raised over $110 million in a Series B financing round to expand its product offerings, strengthen engineering capabilities, and scale production of modular military drones.
The financing round was led by Ondas and included participation from Hood River, Cedar Pine, Hanwha Asset Management’s venture fund, Booz Allen Hamilton, along with other new and existing investors. The company said the capital will support growth initiatives, increase manufacturing capacity, and advance development of its multi-mission unmanned systems.
Headquartered in Huntsville, Alabama, PDW Holdings, Inc. develops and manufactures AI-equipped small unmanned aerial systems designed for defense, government, and public safety applications. Its systems provide capabilities such as surveillance, electronic warfare, and strike operations.
The company currently supports contracts across all branches of the U.S. military, as well as federal, local, and international public safety organizations. Its product portfolio includes the C100 quadcopter platform, attritable munition strike drones, simulation software, mission planning tools, payload systems, and anti-jam communication technology.
PDW was founded by engineers, drone pilots, and U.S. Special Operations veterans, emerging from the Drone Racing League ecosystem. The company emphasizes domestic production and supply chain resilience as part of its long-term strategy to meet growing defense demands.
Support: Houlihan Lokey served as the exclusive financial advisor on the transaction.
KEY QUOTES:
“PDW designs and manufactures at the scale and speed required to meet the demands of today’s rapidly evolving battlefield. Mission-ready small UAS technology is a national security imperative. Our adversaries have proven what’s possible when drone technology is engineered, manufactured and deployed at scale. The United States cannot afford to fall behind or rely on foreign supply chains. We are investing in expanded production capacity and a U.S.-anchored supply chain to ensure resilient, domestically built systems delivered at the highest level.”
James Slider, CEO of PDW
“PDW isn’t just building better drones, but a domestic production base to meet our nation’s growing demand. Their proven technology in real-world environments, growing manufacturing capabilities, and unwavering commitment to mission performance are raising the bar for industry expectations and we’re proud to work alongside them.”
Eric Brock, CEO and Chairman of Ondas
