HawkEye 360 announced on Wednesday that the company awarded the manufacturing contract for its next generation of satellites through its $70 million Series B financing. The contract will boost on-orbit capacity to serve the company's rapidly growing customer base and expand the constellation to 18 satellites.
"After proving the value and accuracy of our first satellites and securing the Series B investment, we are now quickly scaling our business to support customer demand," said John Serafini, Chief Executive Officer, HawkEye 360. "These next-generation satellites will improve our capabilities and expand our constellation for faster revisit rates, which translates into better insights for a safer world across maritime, air and land domains."
UTIAS Space Flight Laboratory (SFL) will manufacture the bus and integrate the new RF payload developed by HawkEye 360. The satellites will geolocate more signals across a wider frequency range with improved accuracy and reduced data latency for more timely delivery to customers.
About HawkEye 360
HawkEye 360 is a Radio Frequency (RF) data analytics company. We operate a first-of-its-kind commercial satellite constellation to identify, process, and geolocate a broad set of RF signals. We extract value from this unique data through proprietary algorithms, fusing it with other sources to create powerful analytical products that solve hard challenges for our global customers. Our products include maritime domain awareness and spectrum mapping and monitoring; our customers include a wide range of commercial, government and international entities.