Swarm Aero Secures $35 Million In Series A Round Led By Two Sigma Ventures And Silent Ventures

Swarm Aero, a defense technology startup based in Oxnard, California, has secured $35 million in a Series A funding round. The investment was led by Two Sigma Ventures and Silent Ventures, increasing the total capital raised by Swarm to $59 million. The funds will support the development of Swarm’s Group 5 drones, which are capable of carrying missiles and electronic warfare payloads, with first flights anticipated within two years.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $35,000,000
• Company Headquarters: Oxnard, California
• Founders: Danny Goodman & Peter Kalogiannis
• Notable Investors: Two Sigma Ventures, Silent Ventures, Khosla Ventures, Scribble Ventures, Construct Capital, Coatue, Founders Fund, Alumni Ventures, MaC Venture Capital

Swarm Aero is focused on the development of large autonomous drones that function in coordinated swarms. CEO and co-founder Danny Goodman noted the design emphasizes reusability and power, with an aim to expand the team and scale production at a new facility in Fayetteville, Arkansas, spanning 80,000 square feet. The involvement of existing investors highlights the confidence in Swarm’s technology and strategic direction.