Echodyne gets $135 million infusion amid spiking demand for anti-drone radar systems
Specialized radar company Echodyne has raised $135 million in new funding it needs to keep pace with client demand and to continue anti-drone tech development, receiving the largest boost from backers Bill Gates and Scotland’s Baillie Gifford Group.
The Series C infusion comes amid a flurry of recent business successes for Seattle-based Echodyne and its proprietary metamaterial platforms. Unlike traditional radar, its powerful electronically scanned array (ESA) technology systems are built into compact, portable units without moving parts that are particularly effective for security uses in detecting and monitoring the presence of drones.
Echodyne’s first-generation EchoGuard radar product can pick up a small commercial drone from about a kilometer off, and identify larger craft from even farther away. Its systems can be used on the ground, land vehicles, or mounted on UAVs.
Read: Echodyne delivers radar system to the US Army’s $191 million security…