Allied Minds has returned again for a series B round that took the firm's geospatial data analytics technology subsidiary's total funding to about $96m.
HawkEye 360, a US-based radio-frequency data satellite developer based on Virginia Tech research, received $70m on Tuesday in a series B round that included commercialisation firm Allied Minds.
Aerospace manufacturer Airbus and mapping software developer Esri also took part, as did Razor’s Edge Ventures, Shield Capital Partners and undisclosed additional investors.
HawkEye 360 is developing satellites designed to collect and analyse information using radio frequency (RF) signals and geospatial technology. It has also built an RF signal mapping product, RFGeo, to identify and geolocate radio channels and emergency distress beacons, and to track logistics.
Having launched its first cluster of three satellites in 2018, the company will put the series B proceeds toward developing and launching four additional clusters, with the second expected to launch early next year.
HawkEye 360 closed an series A-3 round at $14.9m in September 2018 with a $5.3m extension led by…
