HawkEye 360 Raises $11 Million in Series A Financing

hawkeye360_logoFinancing round led by Razor’s Edge Ventures and includes investment from Allied Minds and a defence market leader; John Serafini appointed as full-time Chief Executive Officer

BOSTON (HawkEye 360 PR)  — Allied Minds (LSE: ALM), a diversified holding company focused on venture creation within the life science and technology sectors, today announces that its subsidiary, HawkEye 360, Inc. (HawkEye 360 or the company), a developer of a space-based radio frequency (RF) mapping and analytics system, has raised $11.0 million in new equity investments in a Series A preferred financing led by Razor’s Edge Ventures, with additional participation by Allied Minds and a defence market leader. HawkEye 360 also intends to issue up to an additional $2.75 million in Series A preferred shares to new and existing shareholders within 60 days, resulting in a total expected financing of up to $13.75 million.

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Smallsat 2016: Updates on Planetary Resources, HawkEye 360

Ceres constellation (Credit: Planetary Resources)
Ceres constellation (Credit: Planetary Resources)

Planetary Resources and Hawkeye 360 gave updates on the remote sensing satellites they are planning to launch. The summaries below are courtesy of the following Tweeters:

  • Jeff Foust ‏@jeff_foust
  • David Hurst ‏@OrbitalDave
  • brianweeden ‏@brianweeden
  • Eric Anderson ‏@AndOneTech

Planetary Resources
Hannah Goldberg

  • Currently testing midwave infrared (IR) instrument using a Cessna aircraft
  • Two Arkyd-6 CubeSats will test IR instruments in space
  • First Arkyd-6 satellite to launch in Fall 2016, second in early 2017
  • Constellation of 10 larger Ceres spacecraft designed for Earth remote sensing
  • Hope to have Ceres constellation by 2018

HawkEye 360
Daniel CaJacob

  • Pathfinder constellation with 3 microsats flying in formation designed to triangulate radio frequency (RF) emissions from the ground
  • Launch of first 3 microsats planned for fourth quarter 2017
  • Deep Space Industries is prime contractor for satellites
  • University of Toronto Space Flight Laboratory is supplying the satellite bus
  • Satellites are pathfinders for a full commercial constellation of RF mapping and analytics system
  • Technology uses: ionospheric study, spectrum mapping, asset and natural resources monitoring, emergency response

Entrepreneurial Lingo Lesson: The Pivot

twist_chubby1_disrupt copy
First in an irregular series on entrepreneurial buzz words

Come on let’s pivot again,
Like we did last quarter!
Yeaaah, let’s pivot again,
Like we did last year!

Do you remember when,
ROI was really hummin’,
Yeaaaah, let’s pivot again,
Pivotin’ time is here!

Heeee, and round and round til IPO we go!
Oh, baby, make those investors love us so!

Let’s pivot again,
Like we did last quarter!
Yeaaah, let’s pivot again,
Like we did last year!

There comes a time in the existence of many startups when there an urgent need to change direction. You set up the company to pursue a goal, but for one reason or several — a lack of a market, shortage of investment, regulatory hurdles, a flawed concept — you have to direct all that talent, technology and enthusiasm toward a new objective that will keep the company in operation.

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