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

PDW Holdings announced the close of its Series B financing round on March 25, 2026, raising over $110 million to accelerate production of its modular military drone systems. The round was led by Ondas, which contributed $35 million at a $1.2 billion valuation, alongside participation from Hood River, Cedar Pine, Hanwha Asset Management's venture fund, Booz Allen Hamilton, and other existing and new investors. The capital will fund expanded manufacturing capacity, strengthen engineering capabilities, and support development of PDW's multi-mission unmanned systems designed for surveillance, electronic warfare, and strike operations.

Founded in 2015 and headquartered in Huntsville, Alabama, PDW designs and manufactures combat robotic systems and software for the U.S. military and allied defense agencies. The company's flagship offerings include the C100 quadcopter platform and Attritable Multirotor systems. This funding round reflects growing defense sector demand for domestically manufactured autonomous systems, with PDW positioning itself to support increased government contract opportunities while reinforcing a U.S.-anchored supply chain for advanced drone technologies. The investment underscores strategic interest from major defense contractors and venture investors in autonomous systems capabilities amid evolving national security requirements.