Darkhive, a trailblazer in defense technology, has announced the close of a $21m Series A funding round spearheaded by Ten Eleven Ventures.
Known for its innovative approach to unmanned aircraft systems (UAS), Darkhive is making significant strides in enhancing situational awareness for military and public safety teams globally.
This substantial investment round included key contributions from Ten Eleven Ventures, emphasizing their commitment to cybersecurity and national security technologies. Additional financial backing came from notable firms such as Crosslink Capital, RTX Ventures, and Stellar Ventures, each aligning with Darkhive’s mission to revolutionize the defense sector.
Darkhive specializes in developing advanced, lightweight drones designed for short to mid-range reconnaissance missions. These drones are supported by a proprietary software platform that ensures secure, continuous delivery of Department of Defense (DoD) accredited software. This platform not only facilitates regular updates but also manages comprehensive fleet and device operations in the field.
With the fresh capital infusion, Darkhive plans to expand its product line and increase resources to secure and support DoD contracts more effectively. The funding will also help the company extend its life-saving technology to more field teams, ensuring they have the necessary tools to execute their missions successfully.
John Goodson, CEO of Darkhive, emphasized the urgent need for secure and efficient UAS solutions that cater to the US and its allies. He highlighted the challenges posed by foreign UAS technologies, which, despite being cost-effective, fail to meet security standards, leaving critical operations vulnerable.
In addition to the Series A funding, Darkhive has a robust track record of securing capital and contracts that underscore its potential and commitment to security. The company previously raised $4m in a Seed round and has been actively involved in multiple government projects, including a Phase III SBIR IDIQ with AFWERX Autonomy Prime and various other defense-related contracts.
“Ten Eleven’s investment in Darkhive is part of our commitment to cybersecurity-focused companies supporting national security initiatives. We believe Darkhive’s platform offers the most compelling way to integrate vital secure code delivery and asset management for UAS fleets and, ultimately, other IoT devices used within US and US-allied military units,” stated Mark Hatfield, General Partner at Ten Eleven Ventures.
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