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Hoverfly Technologies Raises $20M Series B Led by Leonardo DRS
Series BVenture Capital

Hoverfly Technologies Raises $20M Series B Led by Leonardo DRS

•October 9, 2025
•Oct 9, 2025
0

Participants

Hoverfly Technologies

Hoverfly Technologies

company

Leonardo DRS

Leonardo DRS

investor

KRM Associates

KRM Associates

investor

Deal Summary

Hoverfly Technologies, a Sanford, FL–based tethered drone systems provider for defense and security, closed a $20M Series B round led by existing investor Leonardo DRS (which invested $15M) alongside new partner Korea Robot Manufacturing (KRM). The funding will support the company’s growth and product development in defense/security markets.

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