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HawkEye 360 raises $58 million
Posted: Sat, Jul 15, 2023, 7:19 AM ET (1119 GMT)
HawkEye 360 has raised an additional $58 million. The company announced the Series D-1 round Thursday, led by funds and accounts managed by BlackRock with additional funding provided by Manhattan Venture Partners and existing investors. HawkEye 360 operates 21 satellites that collect radio-frequency data that can be used to detect and track objects such as vessels and vehicles. The funds will support development of an improved "Block 3" satellite design as well as new tools, incorporating artificial intelligence and other technologies, to extract information from the data those satellites collect.
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