SSIT portfolio company Hawkeye360 a commercial operator of remote-sensing satellites announced their raise of $58 million in new funding. Hawkeye 360 uses radio-frequency data collected by satellites to geolocate electronic emissions and draw insights.
"The funding will be used to develop new space systems and expand analytics that supports high-value defence missions,” HawkEye 360 CEO John Serafini said.
The company, founded in 2015, operates a constellation of 21 satellites that detect, characterise and geolocate radio frequency signals from emitters used for communication, navigation and security. The satellites fly in triangular “clusters” in low Earth orbit.
The new funding will help accelerate the transition to a new Block 3 satellite architecture starting with Cluster 14, the company said. It also plans to increase investments in artificial intelligence, data fusion and multi-intelligence orchestration to better extract value from the large amount of RF data being collected.
Find out more here - https://spacenews.com/hawkeye-360-announces-58-million-funding-round/
CEO John Serafini: Investors see RF geospatial intelligence as a critical defence technology