Silicon Valley Bank, a division of First Citizens Bank, provided $40 million in debt financing to HawkEye 360, a provider of space-based radiofrequency data and analytics. Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing.
“Raising over $400 million in capital in under five years is a landmark achievement for HawkEye 360,” John Serafini, CEO of HawkEye 360, said. “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 role in furthering HawkEye 360’s efforts to enhance its technological infrastructure and continue the buildout of its satellite constellation.
“HawkEye 360’s innovative space-based technology and RF data and analytics is paving the way for better spectrum mapping and monitoring,” Sean Stone, senior market manager for Silicon Valley Bank, said. “SVB is thrilled to continue our relationship with HawkEye 360 and provide them with the financing to help them execute their growth strategy.”
