HawkEye 360 Raises $70M in Series B Funds; John Serafini Quoted

Jeff Brody

HawkEye 360 raised $70M in its Series B funding round to support the launch of four additional satellite clusters designed to handle the firm's new radio frequency data analytics offerings slated for development in 2021. The company said Tuesday that the funds will support its goal of establishing an operational constellation of 18 satellites which will build on the first satellite cluster's launch in 2018 and second cluster's launch in 2020.

HawkEye CEO John Serafini noted that the funding will help expand its market access to other regions through investors such as Airbus. Other HawkEye investors include Esri, Shield Capital Partners, Allied Minds and Razor's Edge Ventures.

Weil, Gotshal & Manges LLP served as legal counsel for HawkEye while PJT Partners LP was the company's placement agency and exclusive financial advisor for the transaction.

You may also be interested in...


CGI Granted FedRAMP Authorization for Momentum Enterprise Suite

CGI announced on Friday that its Momentum enterprise suite software as a service (SaaS) has been authorized for the Federal Risk and Authorization Management Program (FedRAMP) by the Joint Authorization Board (JAB), enabling the company to work within the cloud at federal agencies. JAB granted CGI the authorization after a six-month certification process.


Keysight to Deliver Kits for USAF’s Automatic Test Station

Keysight Technologies has secured a five-year, $39.8 million contract to provide the U.S. Air Force with tools needed to support automatic testing. USAF will gain access to Keysight's test and measurement products for Versatile Diagnostic Automatic Test Station updates and production activities.

USS John C. Stennis

HII to Begin USS John C. Stennis Carrier Modernization Work

Huntington Ingalls Industries is set to commence a four-year project to modernize the USS John C. Stennis nuclear powered aircraft carrier at the company's shipyard in Newport News, Virginia. The CVN 74 supercarrier will be the seventh ship of the U.S. Navy's Nimitz class to undergo a midlife refueling and complex overhaul process, HII said Thursday.