Herrick Technology Laboratories, Inc.
PrivateLast Round
Growth Equity
Apr 10, 2024
Total Funding Raised
$25M
Momentum Score
25 /100
Company Overview
Herrick Technology Laboratories, Inc. (HTL) is a designer and manufacturer of high-performance, software-defined radio (SDR) solutions for the U.S. Department of Defense. The company specializes in products for signals intelligence (SIGINT), electronic warfare (EW), and communications. Founded in 2000 as an R&D lab, it shifted its strategy in 2013 to focus on manufacturing end-user products. HTL's offerings are designed for demanding mission environments with a focus on low size, weight, power, and cost (SWaP-C). The company has facilities in Germantown, Maryland, and Manchester, New Hampshire. In April 2024, HTL received a $25 million investment from Blue Delta Capital Partners to accelerate product development and pursue strategic acquisitions.
Sector
Frontier & Industrial Tech
Verticals
Defense Tech, Computing Hardware, Network Equipment, Sensors, Software-Defined Networking
Business Model
B2G
Customer Profile
Government Contracts, Hardware Sales, Hardware + Subscription, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Herrick Technology Laboratories, Inc. Comps
Public and private peers based on sector, stage, and business model.
Herrick Technology Laboratories, Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Apr 10, 2024 |
Herrick Technology Laboratories, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Blue Delta Capital Partners | Growth Equity |
Market signals
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- Feb 25, 2025
U.S. Department of Defense identified as a key customer.
Herrick Technology Laboratories, Inc. Filings
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