PDW Secures Over $110M Series B to Scale Military Drone Production…

Team S · 2026-03-30T16:00:33.000Z

US-based defense tech startup Performance Drone Works (PDW) has raised over $110 million in a Series B funding round to accelerate the production of its modular military drones and expand its engineering capabilities. The funding round was led by Ondas, with participation from Hood River, Cedar Pine, Hanwha Asset Management’s venture fund, and Booz Allen Hamilton, alongside existing and new investors, reflecting strong investor confidence in next-generation combat robotics. Founded in Huntsville, Alabama, PDW designs and manufactures AI-enabled small unmanned aerial systems (sUAS) used for surveillance, electronic warfare, and strike missions. Its flagship C100 drone platform is already deployed across multiple branches of the US military, supporting tactical operations and battlefield intelligence. The newly raised capital will be used to scale manufacturing capacity, strengthen domestic supply chains, and enhance product development, as global demand for autonomous military systems continues to rise. The company is also focused on building a US-based production ecosystem, reducing reliance on foreign components and ensuring resilience in defense supply chains. PDW’s growth comes amid a broader shift in modern warfare, where low-cost, scalable drone systems are becoming critical assets for reconnaissance, targeting, and combat operations. Governments worldwide are increasingly investing in such technologies, positioning companies like PDW at the forefront of the rapidly expanding defense tech and autonomous systems market.

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PDW Secures Over $110M Series B to Scale Military Drone Production… | Newnex