Michael Ciarmoli

Andre Madrid

Kristine Liwag

Peter Arment

Robert Stallard

Ronald Epstein

Seth Seifman

Jonathan Tanwanteng

Austin Moeller

Carl Osler

Jan-Frans Engelbrecht

Jon Tanwanteng

Justin Ages

Ron Epstein

- **Hoverfly Technologies** successfully closed a **$20 million Series B funding round**.  **[1833756_20251008FL92244:0]** 
- The investment was led by existing production partner **Leonardo DRS**, contributing **$15 million**, and new investor **Korea Robot Manufacturing (KRM)**, contributing **$5 million**.  **[1833756_20251008FL92244:0]** 
- The funding will support Hoverfly's continued growth, enable the **expansion of product offerings** and operations, and establish both **DRS** and **KRM** as official resellers and integrators of Hoverfly's Sentry and Spectre systems.  **[1833756_20251008FL92244:0]** 
- Strategic partnerships include a manufacturing agreement with **DRS** to expand production and a collaboration with **KRM** to establish a U.S.-based facility for domestic component production, enhancing supply chain resilience.  **[1833756_20251008FL92244:0]** 
- This investment aligns with U.S. defense priorities, as Hoverfly's technology is a **domestically sourced alternative** and the only tethered drone on the DIU Blue List.  **[1833756_20251008FL92244:0]**

Hoverfly Technologies Secures $20 Million Series B Investment

Leonardo DRS (DRS)