Hidden Level, a defense technology firm based in Syracuse, New York, has successfully secured a $65 million Series C funding round. This follows a previously undisclosed $35 million Series B round secured just six months prior. The recent investment was spearheaded by DFJ Growth, with additional backing from prominent firms including Booz Allen Ventures, Revolution Growth, Costanoa Ventures, and others.
Hidden Level specializes in passive radar systems capable of detecting and tracking drones and other airborne objects. This technology plays a crucial role in modern defense strategies, offering the advantage of detecting approaching aircraft without revealing its own presence. The company’s systems are in high demand, as evidenced by its contracts this year. These contracts support deployments across various branches and commands within the U.S. military, including the Army, Air Force, Africa Command, Indo-Pacific Command, Central Command, and Northern Command, as well as various federal, state, and local agencies.
Jeff Cole, co-founder and CEO of Hidden Level, emphasized the importance of the company’s mission. “Critical infrastructure is the backbone of our nation’s security,” Cole stated. “Today’s evolving threats demand comprehensive airspace monitoring, from low-altitude drones to high-altitude aircraft and everything in between.”
Hidden Level’s substantial funding round is indicative of a larger trend: increasing venture capital interest in defense technology. Castelion, a defense manufacturer located in El Segundo, California, recently secured a $100 million Series A funding round. Firehawk Aerospace raised a $60 million Series B earlier this year, while Onebrief secured a $50 million Series C.
