PDW to Scale Drone Production With $110M in Funding

PDW raises over $110M for its drone-based defense systems

PDW’s portfolio includes drones, mission-planning software, its Range Extension Kit, and an anti-jam radio. | Source: PDW PDW Holdings Inc., or Performance Drone Works, a developer of drones for defense and public safety, last week brought in a Series B round of more than $110 million. The company said it plans to use the funding to ramp up production of its multi-mission drones, among other strategic programs. “PDW designs and manufactures at t…

PDW to Scale Drone Production With $110M in Funding

Performance Drone Works has raised more than $110 million in a Series B financing round to scale military drone production, strengthen engineering capabilities, expand product offerings and support future growth initiatives and other strategic programs. The latest funding round reflects continued investment activity across the defense technology and unmanned systems sector. Developments like these underscore