Another day and another big round for a defense tech firm.
Hidden Level raised a $65 million Series C led by DFJ Growth with participation from Booz Allen Ventures, Revolution Capital, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, Founders Circle Capital and others.
The Syracuse, New York-based startup said the new cash comes six months after it raised a previously unannounced $35 million Series B.
Hidden Level’s passive radar systems allows users to detect and track drones and other objects in the air — a more common tactic in modern warfare. The passive radar systems cannot identify approaching aircraft without being detected.
The company has contracts this year to support deployments for the U.S. Army, U.S. Air Force, U.S. Africa Command, U.S. Indo-Pacific Command, U.S. Central Command, U.S. Northern Command and other federal, state and local agencies.
“Critical infrastructure is the backbone of our nation’s security,” said co-founder and CEO Jeff Cole. “Today’s evolving threats demand comprehensive airspace monitoring, from low-altitude drones to high-altitude aircraft and everything in between.”
Money for defense
Hidden level is just the latest startup to collect a big check — or two — from VCs interested in defense tech.
Just last week, El Segundo, California-based Castelion, a defense manufacturer developing long-range hypersonic strike weapons, raised a $100 million Series A in a mix of debt and equity. Lightspeed Venture Partners led the equity portion.
Earlier this year, Firehawk Aerospace raised a $60 million Series C and Onebrief locked up a $50 million Series B.
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Illustration: Dom Guzman
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