RA’ANANA, Israel and McLEAN, Va. — Radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone takeover technology company D-Fend Solutions recently announced that it has secured $31 million in the initial closing of a new investment round.
The round was led by Israel Growth Partners (IGP), with participation from existing investor Vertex Ventures and new investor Vertex Growth.
The latest D-Fend funding round “underscores the critical role of D-Fend’s proven innovations in enabling full control, safety and continuity for security agencies in multiple sectors, while acting against continually rising rogue drone incidents across complex and sensitive environments,” according to the company announcement.
With this investment round, IGP general partner Uri Erde join’s D-Fend’s board of directors, joining existing investor board members Yoram Oron of Vertex Ventures and Rami Hadar of Claridge Israel.
What D-Fend Solutions Plans for its New Funding
The funding “will enable D-Fend to solidify its technological leadership and capabilities, expand its market reach into new territories and sectors and advance its ability to tackle new and evolving drone risks,” according to the company announcement.
The D-Fend funding round “comes on the heels of strong continuous year-over-year revenue growth of over 60% and diverse and balanced expansion across geographies, sectors and use cases,” the announcement says.
D-Fend’s global installed base has now reached nearly 30 countries, including Five Eyes (FVEY) alliance, G7 and major NATO member states.
This investment “will further support efforts to address constantly changing threats, penetrate additional market segments, integrate with more partners and technologies and establish a stronger global presence for the company,” according to the D-Fend Solutions announcement.
“This funding is a testament to the trust our investors have in our vision, technology, growth, brand, and customer base” says Zohar Halachmi, CEO and chairman of D-Fend Solutions, in the company announcement. “The growing size, scope, and complexity of rogue drone threats demands advanced, precise, and reliable solutions.
“This investment will enable us to continue innovating and expanding our capabilities, ensuring we remain at the forefront of counter-drone technology, while delivering unparalleled control, safety and, uniquely, operational continuity to our global defense, homeland security, law enforcement, airport, and critical infrastructure customers,” he says.
The investment follows an in-depth evaluation by IGP, who had previously been the sole institutional investor in Cellebrite, prior to its initial public offering.
“D-Fend Solutions fits the profile and model which we find very attractive—a category creating company that develops and deploys deep and defensible technology to address threats posed by the mass proliferation of beneficial but also potentially dangerous devices and products, in this case drones,” says Uri Erde, general partner of Israel Growth Partners, in the D-Fend announcement.
“Their innovative approach to counter-drone security, drawing upon a multi-disciplinary approach crossing air defense, electronic warfare and cybersecurity domains, combined with their reputation and proven ability to deliver and meet the needs of militaries, homeland security, and law enforcement agencies, positions them as a market leader in safeguarding sensitive environments against rapidly rising drone threats,” he says.
D-Fend’s flagship technology, EnforceAir, employs RF cyber-takeover techniques to safely neutralize rogue drones without collateral damage or operational disruption in a highly controlled and surgical manner.
