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Hoverfly Technologies

Hoverfly Technologies

Private
Sanford, FloridaFrontier & Industrial Techhttps://hoverflytech.com/

Last Round

Series B

Oct 8, 2025

Est. Valuation

$100M

Total Funding Raised

$36.63M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Hoverfly Technologies is an aerospace and defense company that designs and manufactures tether-powered unmanned aerial systems for persistent intelligence, surveillance, reconnaissance, and communication relay missions.

Sector

Frontier & Industrial Tech

Verticals

Defense Tech, Drones & UAVs, Aviation & Drones

Business Model

B2G

Customer Profile

Hardware Sales, Government Contracts, Services & Consulting

AI Layer

Application

Keywords

tethered droneunmanned aerial systemsUASpersistent surveillancedefense techISRintelligence surveillance and reconnaissanceautonomous defenseaerial monitoringcommunications relaytethered power systemslong-endurance dronefirst responder technologydefense contractordrone payload

Historical Pricing

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Caplight Momentum Score

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Hoverfly Technologies Comparables

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Hoverfly Technologies comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Elistair
90%
Fotokite
83%
Easy Aerial
80%

Hoverfly Technologies Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series BOct 8, 2025
VC RoundAug 29, 2025
Series BApr 22, 2022
Series BAug 17, 2020
VC RoundOct 12, 2018
Seed
Oct 24, 2016

Key People

Founding team and executive leadership

Steve Walters

President & CEO, President and COO, EVP and COO

Executive Team

Daniel Burroughs

Chief Technology Officer, Chief Information Officer, Chief Software Architect, Chief Software Architect

Executive Team

Steve Topping

Chief Operating Officer

Executive Team

Hoverfly Technologies Investors

Notable investors and investment history

Hoverfly Technologies investors
InvestorRounds
PJM AdvisorsSeries B
Gaspar Global VenturesSeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 11, 2026

    Collaborating with Overland AI to integrate aerial overwatch with autonomous ground vehicles.

  • Oct 8, 2025

    $20M Series B round completed.

Hoverfly Technologies Filings

SEC and related filings with document metadata.

Data table
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Hoverfly Technologies Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSanford, Florida
Employee Range56
Year Founded2010
Last FundingOct 8, 2025

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