Performance Drone Works Bank $110M in Series B Financing
2026-03-30
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HUNTSVILLE, AL, PDW Holdings, an American drone company that designs, engineers and manufacturers unmanned systems and solutions, announced today that it has closed its Series B financing.
PDW Holdings, an American drone company that designs, engineers and manufacturers unmanned systems and solutions for defense and public safety-including its flagship C100 platform and Attritable Multirotor-announced that it has closed its Series B financing.
PDW's latest financing was led by Ondas and included participation from Hood River, Cedar Pine, Hanwha Asset Management's venture fund, Booz Allen Hamilton, as well as existing and new investors, bringing the total amount funded to over $110M. The net proceeds from the Series B financing will be used to fund future growth initiatives and ramp production of PDW's multi-mission drones, among other strategic programs.
PDW's latest financing was led by Ondas and included participation from Hood River, Cedar Pine, Hanwha Asset Management's venture fund, Booz Allen Hamilton, as well as existing and new investors, bringing the total amount funded to over $110M. The net proceeds from the Series B financing will be used to fund future growth initiatives and ramp production of PDW's multi-mission drones, among other strategic programs.
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