Startups
Drone Defense Startup Raises $100 Million From DFJ, Lockheed
- Hidden Level won a 10-year contract with the US Army last year
- Startup part of growing number of defense firms raising cash
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Investors including Lockheed Martin Ventures and DFJ Growth have backed a drone defense company called Hidden Level Inc., the latest national security startup to snag substantial checks from venture capitalists.
In recent months Hidden Level raised about $100 million over the course of two funding rounds, which haven’t been previously reported. Its valuation is nearly $500 million, according to people familiar with the matter who asked not to be identified discussing private information.