Rendition of HawkEye 360 Cluster 7 satellites

HawkEye 360 has secured $40 million in debt financing from Silicon Valley Bank (SVB), the satellite data company announced Tuesday. HawkEye said it plans to use the funds to improve its technological infrastructure and continue the buildout of its satellite constellation. 

HawkEye 360 operates a constellation of radio frequency (RF) monitoring satellites and sells geospatial intelligence products with that data. In the past year, HawkEye has raised $108 million across its Series D-1 round. The company has raised $400 million in capital the past five years. 

The company said this debt financing “underscored the support and confidence from investors and lenders regarding its business and financial momentum.” 

“HawkEye 360’s innovative space-based technology and RF data and analytics is paving the way for better spectrum mapping and monitoring,” said Sean Stone, SVB Senior Market Manager. “SVB is thrilled to continue our relationship with HawkEye 360 and provide them with the financing to help them execute their growth strategy.”