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The investment comes from existing production partner and leading defense technology company Leonardo DRS and new investor Korea Robot Manufacturing (KRM)
SANFORD, Fla., Oct. 8, 2025 /PRNewswire/ -- Hoverfly Technologies, the leading provider of tethered drone systems for defense and security, is proud to announce the successful close of its $20 million Series B funding round, led by existing investor Leonardo DRS (DRS) and new partner Korea Robot Manufacturing (KRM).
The investment is the single largest capital raise in company history and will support Hoverfly's continued dominance of the tethered drone sector, which is at the forefront of U.S. and allied defense initiatives.
Posted In: DRS
