202402 Apr

Secures $40 Million Debt Commitment

Summary

Herndon, Virginia (April 2, 2024) HawkEye 360 Inc., a leading provider of space-based RF data and analytics, announced it had secured $40 million in debt financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, to further its mission of delivering advanced geospatial capabilities. This remarkable level of funding not only underscores the strength and validity of our strategic vision but also significantly enhances our ability to pioneer and lead in the provision of vital geospatial solutions. Its a powerful testament to our teams ability and the trust in our path forward.The debt financing will play a crucial role in furthering HawkEye 360s efforts to enhance its technological infrastructure and continue the buildout of its satellite constellation. These strategic developments are pivotal in maintaining HawkEye 360s unwavering commitment to providing actionable, multi-dimensional geospatial insights and facilitating informed decision-making for our valued clients worldwide.HawkEye 360s innovative space-based technology and RF data and analytics is paving the way for better spectrum mapping and monitoring, said Sean Stone, SVB Senior Market Manager. SVB is thrilled to continue our relationship with HawkEye 360 and provide them with the financing to help them execute their growth strategy.

Source: He360

Funding

$40M
Amount
Apr 02 2024
Date
-
Investor
HawkEye 360
Company

Classifications

Companies