Performance Drone Works valuation, funding and investors
Performance Drone Works works in unmanned aerial system solutions development, based in Huntsville, United States. Founded in 2021, it has about 394 employees.
- Last round
- Series B · $110M · Mar 2026
- Valuation at last round
- $786M · implied
- Headcount
- 394 · growing
- Grade
- C
- Founded
- 2021
Performance Drone Works valuation today
VCMC values Performance Drone Works at $1.0B today, with a range of $529M to $1.8B and a grade of C. The valuation starts from its last funding round, a Series B round in Mar 2026.
Valuation by date (72 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $18.2M | $6.62M – $49.9M | $20.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $18.3M | $6.68M – $50.4M | $20.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $18.5M | $6.73M – $50.8M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $18.7M | $6.79M – $51.3M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $18.8M | $6.85M – $51.7M | $20.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $19.0M | $6.92M – $52.2M | $21.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $19.2M | $6.98M – $52.7M | $21.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $19.3M | $7.04M – $53.1M | $21.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $19.5M | $7.11M – $53.6M | $21.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $19.7M | $7.17M – $54.1M | $21.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $19.9M | $7.24M – $54.6M | $21.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $20.1M | $7.30M – $55.1M | $21.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $20.2M | $7.37M – $55.6M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $20.4M | $7.42M – $56.0M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $20.5M | $7.47M – $56.4M | $22.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $20.7M | $7.53M – $56.8M | $22.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $20.8M | $7.58M – $57.2M | $22.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $21.0M | $7.64M – $57.7M | $22.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $21.1M | $7.70M – $58.1M | $23.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $21.3M | $7.75M – $58.5M | $23.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $21.5M | $7.81M – $58.9M | $23.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $21.6M | $7.87M – $59.4M | $23.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $21.8M | $7.93M – $59.8M | $23.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $21.9M | $7.99M – $60.3M | $24.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $22.1M | $8.05M – $60.7M | $24.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $22.3M | $8.11M – $61.2M | $24.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $22.4M | $8.16M – $61.6M | $24.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $22.6M | $8.22M – $62.0M | $24.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $22.8M | $8.28M – $62.5M | $24.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $22.9M | $8.35M – $63.0M | $25.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $23.1M | $8.41M – $63.4M | $25.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $23.3M | $8.47M – $63.9M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $23.4M | $8.53M – $64.4M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $23.6M | $8.59M – $64.8M | $25.2M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $23.8M | $8.66M – $65.3M | $25.2M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $24.0M | $8.72M – $65.8M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $24.1M | $8.79M – $66.3M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $24.3M | $8.85M – $66.8M | $25.2M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $35.1M | $12.8M – $96.5M | $36.2M (+3%) | before first round | 150 | unknown | D | 0% |
| 1 Apr 2024 | $35.4M | $12.9M – $97.2M | $36.2M (+2%) | before first round | 150 | unknown | D | 0% |
| 1 May 2024 | $35.6M | $13.0M – $97.9M | $36.2M (+1%) | before first round | 150 | unknown | D | 0% |
| 1 Jun 2024 | $35.9M | $13.1M – $98.6M | $36.2M (+1%) | before first round | 150 | unknown | D | 0% |
| 1 Jul 2024 | $36.2M | $13.2M – $99.3M | $36.2M (0%) | before first round | 150 | unknown | D | 0% |
| 1 Aug 2024 | $45.2M | $14.9M – $101M | $45.2M (0%) | before first round | 170 | up | C | 0% |
| 1 Sep 2024 | $45.2M | $14.9M – $101M | $45.2M (0%) | before first round | 170 | up | C | 0% |
| 1 Oct 2024 | $45.2M | $14.9M – $101M | $45.2M (0%) | before first round | 170 | up | C | 0% |
| 1 Nov 2024 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Dec 2024 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Jan 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Feb 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Mar 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Apr 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 May 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Jun 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Jul 2025 | $36.5M | $13.3M – $100M | $36.5M (0%) | before first round | 160 | flat | D | 0% |
| 1 Aug 2025 | $53.8M | $23.0M – $107M | $53.8M (0%) | before first round | 236 | growing | C | 0% |
| 1 Sep 2025 | $53.8M | $23.0M – $107M | $53.8M (0%) | before first round | 236 | growing | C | 0% |
| 1 Oct 2025 | $54.8M | $23.5M – $109M | $54.8M (0%) | before first round | 265 | growing | C | 0% |
| 1 Nov 2025 | $55.6M | $23.8M – $110M | $55.6M (0%) | before first round | 290 | growing | C | 0% |
| 1 Dec 2025 | $55.6M | $23.8M – $110M | $55.6M (0%) | before first round | 290 | growing | C | 0% |
| 1 Jan 2026 | $55.6M | $23.8M – $110M | $55.6M (0%) | before first round | 290 | growing | C | 0% |
| 1 Feb 2026 | $55.6M | $23.8M – $110M | $55.6M (0%) | before first round | 290 | growing | C | 0% |
| 1 Mar 2026 | $55.6M | $23.8M – $110M | $55.6M (0%) | before first round | 290 | growing | C | 0% |
| 26 Mar 2026 | $787M | $516M – $1.8B | $1.2B (+50%) | after a round | 290 | growing | C | 0% |
| 1 Apr 2026 | $792M | $516M – $1.8B | $1.2B (+49%) | after a round | 352 | growing | C | 0% |
| 1 May 2026 | $819M | $516M – $1.8B | $1.2B (+44%) | after a round | 352 | growing | C | 0% |
| 1 Jun 2026 | $847M | $516M – $1.8B | $1.2B (+39%) | after a round | 352 | growing | C | 0% |
| 1 Jul 2026 | $876M | $516M – $1.8B | $1.2B (+35%) | after a round | 352 | growing | C | 0% |
| 1 Aug 2026 | $907M | $516M – $1.8B | $1.2B (+30%) | after a round | 352 | growing | C | 0% |
| 1 Sep 2026 | $938M | $516M – $1.8B | $1.2B (+26%) | after a round | 352 | growing | C | 0% |
| 1 Oct 2026 | $983M | $529M – $1.8B | $1.2B (+23%) | after a round | 394 | growing | C | 0% |
| 24 Oct 2026 | $1.0B | $529M – $1.8B | $1.2B (+20%) | after a round | 394 | growing | C | 0% |
Key facts about Performance Drone Works
- Founded
- 2021
- Headquarters
- Huntsville, United States
- Employees
- about 394 +49% in a year
- Total raised
- $965M
- Funding rounds
- 3
- Last round
- Debt Jul 2026
Performance Drone Works was founded in 2021 by Matt Higgins and Ryan Gury.
Performance Drone Works funding history
Performance Drone Works has 3 funding rounds on record, from Nov 2025 to Jul 2026, $965M in total. None disclosed a valuation.
$820M
Series B 25 Mar 2026
Led by Ondas; with Hood River, Cedar Pine, HAM Ventures USA, Booz Allen Hamilton, Lux Capital, RSE Ventures.
Sources: prnewswire.com, tectonicdefense.com, ipvm.com and 3 more
$110M
Other 20 Nov 2025no round page
With Ondas Holdings Inc..
Sources: spacedirt.beehiiv.com, ondas.com, finance.yahoo.com
$35M
Performance Drone Works investors
8 investors have backed Performance Drone Works; Ondas led at least one round.
- Ondas lead
- Booz Allen Hamilton
- Hood River
- Lux Capital
- Ondas Holdings Inc.
What Performance Drone Works does
Performance Drone Works works in aerospace and defence, with 14 recorded offerings and customers in defense and public safety.
Performance Drone Works, LLC is an American company engaged in the development and provision of unmanned aerial systems (UAS) solutions for military and public safety applications. The company offers drone systems, training and operational support, and develops proprietary payload suites and software for tactical and mission-critical use. Performance Drone Works also operates a training program for operators and maintains a U.S.-based supply chain.
Description from Veridion's company data.
Products and services
- Unmanned Aerial System Solutions Development
- Multi-Mission Payload Suite Manufacturing
- Autonomous Flight Platform Manufacturing
- Defense Drone System Integration
- Military and Public Safety Training Services
- Drone Operator Training Services
- Tactical Drone System Customization
- Autonomous Software Development for UAS
- Crisis Response Drone Solutions Development
- Combat Drone Solutions Development
- Drone Systems Engineering Consulting
- Drone Systems Operational Support Services
- Drone Systems Research and Development
- Drone Systems Software Development
Markets
- Defense
- Public Safety
Technology
- Autonomous Drone Systems
- Advanced Autonomous Software for Drone Control
- Multi-Mission Payload Integration for Unmanned Aerial Vehicles
Business model
- Business-to-Business
- Service Provider
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 336411 Aircraft Manufacturing 50% match
- 611430 Professional and Management Development Training 30% match
- 541690 Other Scientific and Technical Consulting Services 20% match
Questions about Performance Drone Works
What is Performance Drone Works worth?
Valuation $1.0B (range $529M to $1.8B), as of 24 Oct 2026.
Has Performance Drone Works raised money?
Performance Drone Works has 3 funding rounds on record, from Nov 2025 to Jul 2026, $965M in total. None disclosed a valuation.
Who has invested in Performance Drone Works?
Ondas, Booz Allen Hamilton, Cedar Pine, HAM Ventures USA, Hood River and Lux Capital, and 2 more. Lead investors include Ondas.
How many people work at Performance Drone Works?
About 394, up 49% over the last year. Headcount grew from 150 in Mar 2024 to 394 in Sep 2026.
What does Performance Drone Works do?
Performance Drone Works works in aerospace and defence, with 14 recorded offerings and customers in defense and public safety. Its main offerings are unmanned aerial system solutions development, multi-mission payload suite manufacturing and autonomous flight platform manufacturing.
When was Performance Drone Works founded, and where is it based?
Performance Drone Works was founded in 2021 and is based in Huntsville, United States. It has about 394 employees, up 49% over the last year.