September 10, 2024 at 08:15AM
San Antonio-based Darkhive, a drone maker, secures $21 million in Series A funding led by Ten Eleven Ventures. It also offers a DevSecOps platform called FleetForge for secure code delivery to uncrewed aircraft systems, supported by US Defense Dept. accreditation. With additional support from other venture capital firms, Darkhive aims to provide secure and cost-effective autonomous drones for global security needs.
Key takeaways from the meeting notes include:
– Darkhive, a drone maker based in San Antonio, Texas, has recently secured $21 million in a Series A funding round, with Ten Eleven Ventures leading the investment.
– In addition to manufacturing lightweight reconnaissance drones, Darkhive has developed a proprietary software continuous delivery platform that aims to address significant cybersecurity challenges.
– The company’s FleetForge product is a DevSecOps platform designed to securely build, test, and deploy updates and other code accredited by the US Defense Department to uncrewed aircraft systems (UAS).
– Ten Eleven Ventures’ investment in Darkhive aligns with their commitment to cybersecurity-focused companies supporting national security initiatives.
– Additional participants in the Series A funding round include Crosslink Capital, RTX Ventures, and Stellar Ventures.
– Prior to this round, Darkhive had raised $4 million in a seed funding round and has secured defense contracts from the US government.
– Darkhive’s CEO, John Goodson, emphasized the importance of providing a secure, affordable, and reliable solution for autonomous drones to support global security needs.