HawkEye 360, an Allied Minds portfolio company, has raised $9.6 million in the first closing of a Series A-3 financing round (“the transaction”). The round included Razor’s Edge Ventures, Allied Minds, and Shield Capital. Additional investors are expected to subscribe further capital to a second closing of the transaction.
Proceeds from the transaction will be applied to fund the development, build, and launch costs of the company’s first commercial satellite cluster and for general commercial purposes.
“This [first commercial] cluster will augment our PathFinder Cluster scheduled for launch later this year,” said HawkEye 360 Chief Executive Officer John Serafini. “We have completed the build and pre-launch testing of our PathFinder Cluster and have built a significant order backlog. We also have several agreements with customers for beta testing of our first Maritime Domain Awareness product.”
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