Iván Hernández Dalas: 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 the scale and speed required to meet the demands of today’s rapidly evolving battlefield,” stated James Slider, CEO of Performance Drone Works. “Mission-ready small UAS technology is a national security imperative. Our adversaries have proven what’s possible when drone technology is engineered, manufactured, and deployed at scale.” “The United States cannot afford to fall behind or rely on foreign supply chains,” he added. “We are investing in expanded production capacity and a U.S.-anchored supply chain to ensure resilient, domestically bui...