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Leidos Joins HawkEye 360 as an investor, bringing the Series D funding to $150 million

HawkEye 360 Inc., the world’s largest commercial supplier of space-centered radio frequency (RF) data and analytics, announced today that Leidos has joined its Series D round as an investor and strategic partner. Leidos’ $5 million investment takes the total amount raised in Series D fundraising to $150 million. Leidos’ expertise in generating sophisticated analytics will be used to use HawkEye 360’s distinctive RF geospatial intelligence data as a key partner.

HawkEye 360 Chief Executive Officer John Serafini commented, “We are happy to welcome such a prominent defense and intelligence firm as Leidos to our team of world-class investors.  We look forward to leveraging their assistance to bring tremendous benefit not only to the defense, intelligence, and national security institutions but also to organizations tackling some of the most challenging global challenges humans and the environment face.”

“We are thrilled to invest in the HawkEye 360 company and their pioneering work to improve geospatial intelligence systems,” stated Paul Engola, Executive Vice President of Leidos National Security Space. “We’re optimistic that this investment will bolster our already-strong expertise in the National Security Space domain. This would also open up new avenues for delivering innovative solutions to our clients as they seek to protect US and ally interests.”

UHF push-to-talk radios, L-band satellite devices, VHF marine radios, maritime and land-centered radar systems, and emergency beacons are among the emitters detected, characterized, and precisely geolocated by the HawkEye 360 constellation. The company provides actionable insights to the United States government, global governments, and the burgeoning commercial industry by analyzing and processing this RF data.

In conjunction with Series D capital raise, PJT Partners served as HawkEye 360’s exclusive financial consultant and placement agent. HawkEye 360 received legal advice from WilmerHale in conjunction with the acquisition.

HawkEye 360 is providing people trying to make the world a safer place with a revolutionary source of worldwide knowledge centered on RF geospatial intelligence. The company runs the world’s first commercial satellite network for detecting, characterizing, and geolocating RF signals. This one-of-a-kind RF data and analytics provide their customers worldwide with the high-impact information they need to make confident decisions. The headquarters of HawkEye 360 are in Herndon, Virginia.

Leidos, one of the largest government contractors in the United States, has a long history of working with defense and intelligence organizations. In 2016, Leidos combined with Lockheed Martin’s Information Systems & Global Solutions, which was previously known as SAIC. The Security Detection and Automation Systems division of Dynetics and L3Harris was bought by Leidos in 2020.

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