What is Hoverfly Technologies?
Hoverfly Technologies, based in Sanford, Florida, is a U.S. innovator and supplier specializing in tethered drone systems designed for persistent aerial surveillance and network extension in defense and security applications. Its core platforms, Sentry and Spectre, are engineered to meet mission-critical needs, offering reliable, American-made solutions. The company has been expanding its production capabilities and forging strategic industry partnerships to meet growing demand.
How much funding has Hoverfly Technologies raised?
Hoverfly Technologies has raised a total of $50.9M across 4 funding rounds:
Private Equity
$2M
Private Equity
$3.7M
Private Equity
$25.3M
Series B
$20M
Private Equity (2015): $2M, investors not publicly disclosed
Private Equity (2016): $3.7M, investors not publicly disclosed
Private Equity (2025): $25.3M, investors not publicly disclosed
Series B (2025): $20M featuring Leonardo DRS
Key Investors in Hoverfly Technologies
Leonardo DRS
Leonardo DRS is a prime contractor and technology innovator for military forces, intelligence agencies, and defense contractors, specializing in naval systems, ground combat mission command, global satellite communications, avionics, and intelligence solutions.
What's next for Hoverfly Technologies?
The substantial enterprise-level funding and recent strategic investment indicate Hoverfly Technologies is poised for significant scaling and further technological development. This capital infusion will likely accelerate product enhancement, expand manufacturing capacity, and bolster its global support infrastructure for its installed base of drone systems. The company's focus on defense and security applications suggests a strategic push to capture a larger market share in a sector demanding high-reliability and advanced capabilities.
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