HawkEye 360 Secures $40 Million Debt Commitment

April 2, 2024

HawkEye 360announced 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. Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing, which has underscored the support and confidence from investors and lenders regarding its business and financial momentum.

"Raising over $400 million in capital in under five years is a landmark achievement for HawkEye 360," stated John Serafini, CEO of HawkEye 360. "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. It's a powerful testament to our team's ability and the trust in our path forward." 

The debt financing will play a crucial role in furthering HawkEye 360's efforts to enhance its technological infrastructure and continue the buildout of its satellite constellation. These strategic developments are pivotal in maintaining HawkEye 360's unwavering commitment to providing actionable, multi-dimensional geospatial insights and facilitating informed decision-making for our valued clients worldwide.

"HawkEye 360's 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."