HawkEye 360 Inc. has raised a gargantuan $145 million in new funding — just seven months after raking in a previous $55 million — as it penetrates a market poised for exponential growth.
The Herndon data analytics company, which provides radio frequency data to commercial customers and others, said Monday it has closed the Series D round led by New York’s Insight Partners and British tech fund Seraphim Space Investment Trust. The capital also came from new investors Jacobs, Gula Tech Adventures, 116 Street Ventures, New North Ventures and Strategic Development Fund, the investment arm of UAE’s Tawazun Holding. Existing investors that also participated in the round include Advance, Razor’s Edge, NightDragon, SVB Capital, Shield Capital and Adage Capital.
HawkEye said it plans to use the financing to expand its satellite network and develop the infrastructure and capacity around it. That, it said, will help speed up growth of its software and other services for customers in the commercial,…
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