19 November 2021

New investment sets conditions for satellite operator HawkEye 360 to expand its RF location coverage

by James Rands

HawkEye 360 announced on 8 November that it had closed USD145 million in new funding. Two of the largest investors are Insight Partners and the UK-based Seraphim Space. Additional funding came from the investment arm of the UAE's Tawazun Holding, bringing the total funds raised to USD302 million.

HawkEye 360 operates three clusters of three satellites each. Extant plans were to increase these to 10 clusters in 2022–23. The additional funding enables that figure to increase to 20 clusters. The existing satellites are in polar orbits.

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