StockMarketWire.com - Technology investor Allied Minds said portfolio company HawkEye 360 had raised $70m from a new funding round.

HawkEye 360 was the first commercial company to use formation flying satellites to create radio frequency data and data analytic products, Allied Minds said.

The so-called Series B financing would back the company's plan to build-out and launch a commercial satellite constellation and develop radio frequency analytic products by 2021.

Round participants included new investors Airbus and Esri, existing investors Razor's Edge Ventures, Allied Minds, and Shield Capital Partners, and additional undisclosed parties.


At 2:53pm: [LON:ALM] Allied Minds PLC share price was +3.8p at 64.8p



Story provided by StockMarketWire.com